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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 2021 Health Savings Account Survey 2020 Recordkeeping Survey Compliance 403(b) Plan Sponsor Sued Over Excessive Fees and Underperforming Investments The lawsuit calls out the use of the active suite of the Fidelity Freedom target-date funds, among other things. Benefits Addressing the Haves and Have-Nots in Retirement Savings The experience during the pandemic of those with and without retirement savings has highlighted the issue of income inequality, says Ed Farrington, with Natixis Investment Managers. Compliance SECURE Act 2.0 Passed Unanimously by Ways and Means Committee A rare unanimous affirmative voice vote by the Ways and Means Committee allows the SECURE Act 2.0 to be considered by the full House of Representatives. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Weekend directly in your mailbox!

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