September 9th, 2020 Insight on Plan Design & Investment Strategy Every Weekday Administration The PEP Opportunity Pooled employer plans (PEPs) are coming, and potential adopting employers need to know what to look for and what they are getting into. Deals and People Empower Acquires MassMutual Retirement Plan Business The firms say that with the acquisition, retirement plan participants will gain the outcome-oriented client focus and deep retirement expertise of both firms while benefiting from a state-of-the-art technology platform. Most Read Compliance DOL Releases Its First Cybersecurity Guidance 2020 Recordkeeping Survey 2021 Plan Sponsor of the Year SPONSORED BY: PLANSPONSOR Never get behind on the trends. Read PLANSPONSOR Industry Intelligence. See what you may have missed, here. Market Mirror Tuesday, the Dow dropped 632.42 points (2.25%) to 27,500.89, the NASDAQ fell 465.44 points (4.11%) to 10,847.69, and the S&P 500 lost 95.12 points (2.78%) to finish at 3,331.84. The Russell 2000 closed 30.71 points (2.00%) lower at 1,504.59, and the Wilshire 5000 plunged 1,001.09 points (2.86%) to 33,969.18. The price of the 10-year Treasury note increased 4/32, bringing its yield down to 0.679%. The price of the 30-year Treasury bond climbed 1 2/32, decreasing its yield to 1.418%. Opinions Barry’s Pickings: For Retirement Policy, This Is Not the Most Important Election of our Lifetimes Michael Barry, president of O3 Plan Advisory Services LLC, expresses his belief that no substantive retirement policy change will come from either presidential candidate. Benefits Most Employers Intend to Offer Same Health Care Coverage in 2021 But many said they might be looking to cut costs in other ways. Products CFPB Policy Guidance Allows Employers to Create Automatic Savings Programs The feature comes at a time when workers are struggling to save.  Small Talk Research from Effectv, the advertising sales division of Comcast Cable, revealed that TV viewership remained high in the second quarter as consumers spent more time indoors with their televisions and connected devices. Study households spent 15 minutes more time per day viewing TV in Q2 2020 versus Q2 2019, consuming 8.5 billion hours of TV viewing—an increase of over 200 million hours compared to the same time last year. ON THIS DATE: In 1776, the Continental Congress formally declared the name of the new nation to be the “United States” of America. This replaced the term “United Colonies,” which had been in general use. In 1850, California became the 31st state to join the union. In 1926, the National Broadcasting Company (NBC) was created by the Radio Corporation of America (RCA). In 1942, a Japanese floatplane dropped incendiary bombs on an Oregon state forest—the first and only air attack on the U.S. mainland in the war. In 1948, North Korea became the People’s Democratic Republic of Korea. In 1956, Elvis Presley appeared on “The Ed Sullivan Show” for the first time. In 1957, the first civil rights bill to pass Congress since Reconstruction was signed into law by President Dwight Eisenhower. In 1979, Tracy Austin, at 16, became the youngest player to win the U.S. Open women’s tennis title. In 1995, Amtrak’s Broadway Limited service made its final run between New York City and Chicago. WEDNESDAY WISDOM: “He is richest who is content with the least, for content is the wealth of nature.”—Socrates, Greek philosopher Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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