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week ending December 18th, 2020 PLANSPONSOR strives to offer information that is helpful to anyone who works in a plan sponsor role—from the most experienced to new staff. That’s why, in addition to articles regarding the latest developments, we regularly produce articles about the basic components of plan administration and compliance. In this edition of PLANSPONSOR Weekend, you will find a sampling of the 'basics' education articles we produced this year. Editor's Choice Investing Steps for Creating an Effective IPS While not required, a road map for investment selection and monitoring is a best practice, and sources now say the more detailed, the better. Compliance Remembering the Basics of Fiduciary Duties What ERISA retirement plan sponsors should know about their responsibilities as they make plan decisions or even outsource decisions to others. Administration What to Know About DB Plan Administration Plan sponsors should understand the components of administration, the interplay of providers and on what duties sources say sponsors are falling behind. Compliance Recent Acts Will Require Plan Amendments Retirement plan sponsors will need to be aware of select modifications depending on their plan type, as well as key deadlines to follow. Compliance Advisers Can Spearhead Retirement Plan Committee Setup and Training Plan sponsors can trust advisers to help with committee decisions and training and expect input from ERISA attorneys. Popular Reads Participants What Participants Want From Employers’ Retirement Plan Websites A recent study found 81% of participants have logged into their accounts, with most signing in to check account balances or review investment options. Research 2021 Recordkeeping Survey Inside Angle DOL’s Next Moves What’s in store for the rest of the year? Ask the Experts Allowing for After-Tax Contributions in a 401(a) Plan Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations. Data and Research Employers Are Prioritizing Financial Wellness Studies show employers are offering access to financial products and tools, as well as financial advisers, and many plan to offer student loan debt repayment assistance.  Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Weekend directly in your mailbox!

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