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PLANSPONSOR NEWSDASH LOGO September 16th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
The Plan Sponsor Time Crunch
The Plan Sponsor Time Crunch
With so many recent disruptions to what was ‘business as usual,’ how can plan sponsors ensure their retirement plan gets the attention it needs and the most important obligations get met?
Ask the Experts
Relief for Distributing Summary Plan Descriptions
“This is the year that our ERISA 403(b) plan must issue summary plan descriptions (SPDs) to plan participants. I am starting to worry about completing this task, since both our plan and its recordkeeper are currently not in a position to complete such a large-scale distribution due to the COVID-19 pandemic, and it is looking more and more like that situation may not change until 2021. If this is the case, is there any alternative course of action we can pursue?”
Most Read

2020 PLANSPONSOR National Conference
Benefits
Are Employer-Sponsored DC Plans the Best Retirement Savings Vehicles?

2020 Plan Sponsor of the Year
SPONSORED BY: Athene
Optimizing pension risk transfer timing and execution
Discover howongoing monitoring and analysis of the pricing environment may result in evenmore value during this period of market volatility than during periods ofrelative stability.
Market Mirror
Tuesday, the Dow was up 2.27 points (0.01%) at 27,995.60, the NASDAQ climbed 133.67 points (1.21%) to 11,190.32, and the S&P 500 increased 17.66 points (0.52%) to 3,401.20. The Russell 2000 gained 11.67 points (0.76%) to finish at 1,538.15, and the Wilshire 5000 closed 196.96 points (0.57%) higher at 34,806.32.

The price of the 10-year Treasury note was unchanged, with its yield down to 0.675%. The price of the 30-year Treasury bond was down 4/32, increasing its yield 1.435%.
Awards,
PSOY: Corporate 401(k) >$1B
PLANSPONSOR is pleased to announce the Plan Sponsor of the Year award winner in the Corporate 401(k) >$1B category—Thermo Fisher Scientific. Read the expanded profile here.
PSOY: Corporate 401(k) >$250MM–$1B
We are pleased to announce the Plan Sponsor of the Year winner in the Corporate 401(k) >$250MM–$1B category—Vision Service Plan. Read the expanded profile here.
Industry Analysis
ESG and Responsible Investing
What might plan sponsors bear in mind in the short term regarding responsible investing?
Small Talk
ON THIS DATE: In 1620, the Mayflower sailed from Plymouth, England, bound for the New World with 102 passengers. In 1893, the largest land run in history began with more than 100,000 people pouring into the Cherokee Strip of Oklahoma to claim valuable land that had once belonged to Native Americans. In 1908, General Motors was founded by William Crapo “Billy” Durant. The company was formed by merging the Buick and Olds car companies. In 1932, in his cell in India, Mohandas Karamchand Gandhi began a hunger strike in protest of the British government’s decision to separate India’s electoral system by caste. In 1940, President Franklin Roosevelt signed into law the Selective Training and Service Act, which set up the first peacetime military draft in U.S. history. In 1953, the St. Louis Browns of the American League were given permission to move to Baltimore, Maryland, where they became the Baltimore Orioles. In 1974, President Gerald Ford announced a conditional amnesty program for draft-evaders and deserters during the Vietnam War. In 1976, the Episcopal Church formally approved women to be ordained as priests and bishops. In 1987, the Montreal Protocol was signed by 24 countries in an effort to save the Earth’s ozone layer by reducing emissions of harmful chemicals by the year 2000. In 1994, Exxon Corporation was ordered by federal jury to pay $5 billion in punitive damages to the people harmed by the 1989 Exxon Valdez oil spill. In 1998, Meryl Streep received a star on the Hollywood Walk of Fame.
WEDNESDAY WISDOM: “A man is but the product of his thoughts; what he thinks, he becomes.”—Mohandas Karamchand Gandhi, a.k.a. Mahatma Gandhi
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