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week ending July 31st, 2020 PLANSPONSOR offers in-depth coverage of many issues of interest to retirement plan sponsors. COVID-19 effects on plans, every day administration and compliance are just some of the many topics covered by these articles. In case you missed it (ICYMI), this edition of PLANSPONSOR Weekend highlights some of our recent coverage. You will find information to help you in the administration of your retirement programs. Have a great weekend! Editor's Choice Compliance Retirement Plan Disclosures Move Into the Digital Age Plan sponsors need to understand requirements in the new DOL rule, including how to ensure cybersecurity, before moving forward. Investing Improving Participant Outcomes With Custom TDFs Off-the-shelf TDFs may not meet the needs of participant demographics, so plan sponsors can build custom TDFs to provide greater diversification and less risk near retirement. Administration Get Beneficiary Designation and Missing Participant Practices in Order The pandemic has highlighted the need for plan sponsors to actively encourage revised beneficiary designations and have missing participant procedures in place. Administration Changing Messages About Benefits Plan sponsors can create new communications to engage participants with their retirement and health benefit plans that take into consideration special circumstances caused by the COVID-19 pandemic. Administration Frozen DB Plans Still Require Much Attention There is nearly as much work to do when a DB plan is frozen as when it’s open, and ignoring it could come at great cost. Popular Reads Compliance DOL Offers Guidance for Locating Missing Participants Guidance in three parts offers suggested processes for DC plans and DB plans and reveals errors DOL staff should look for. 2020 Recordkeeping Survey Benefits What Employers Need to Know About HSAs Experts share eligibility requirements, tax treatment rules and allowable expenses for health savings accounts. Compliance Trustee Sued Over Retirement Plan Account Fraud The lawsuit claims the trustee allowed an unauthorized person to take a distribution from a participant’s account and that the trustee is refusing to provide information to help remedy the situation. Investing Deciding Whether an Annuity Is Right for Your Plan Participants Plan sponsors should look at participant needs to determine whether annuities would be a fit for their plan and, if so, which types of annuities meet those needs. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Weekend directly in your mailbox!

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