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PLANSPONSOR NEWSDASH LOGO September 30th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Retirement Savings Could Be Hit for Years as Result of Pandemic, Natixis Says
Its 2020 Global Retirement Index says making retirement opportunities more widely available, as well as plan features such as automatic features, can mitigate the challenges.
Data and Research
Employers Remain Optimistic About Health Benefits Despite Higher Projected Costs
A Willis Towers Watson analysis anticipates health expenses will rise in 2021, as most employees deferred care this year to avoid medical settings.
Most Read
Compliance
Contribution Limits Unchanged for 2021
Compliance
House Committee Introduces ‘Securing a Strong Retirement Act of 2020’
Investing
Revisiting the DOL’s 2013 TDF Tips
Economic Events
The Conference Board Consumer Confidence Index increased in September, after declining in August. The Index now stands at 101.8 (1985=100), up from 86.3 in August. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased from 85.8 to 98.5. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—increased from 86.6 in August to 104.0 this month.
Market Mirror
Tuesday, the Dow fell 131.40 points (0.48%) to 27,452.66, the NASDAQ was down 32.28 points (0.29%) at 11,085.25, and the S&P 500 lost 16.13 points (0.48%) to finish at 3,335.47. The Russell 2000 decreased 5.62 points (0.37%) to 1,504.73, and the Wilshire 5000 closed 154.88 points (0.45%) lower at 34,224.93.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.644%. The price of the 30-year Treasury bond increased 23/32, bringing its yield down to 1.413%.
Compliance
Another Health Care Provider Accused of ERISA Breaches
Barnabas Health is the latest to face class action allegations filed by the law firm Capozzi Adler.
Ask the Experts
RMD Questions Related to 457(b) Plans
“I read your Ask the Experts column on the recent changes to retirement plan required minimum distribution (RMD) rules. I have a few more questions related to 457(b) plans.”
Deals and People
Empower to Acquire Retirement Plan Clients from Fifth Third Bank
Fifth Third’s retirement plan business for its institutional clients will now focus on its core strength of providing independent fiduciary advisory services and comprehensive investment solutions.
Small Talk
ON THIS DATE: In 1822, Joseph Marion Hernández became the first Hispanic to be elected to Congress. In 1947, the World Series was televised for the first time. In 1954, the USS Nautilus, the world’s first nuclear submarine, was commissioned by the Navy. In 1989, thousands of East Germans began emigrating under an accord between the NATO nations and the Soviet Union.
WEDNESDAY WISDOM: “You can disagree without being disagreeable.”—Ruth Bader Ginsburg
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