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week ending June 12th, 2020 Defined benefit (DB) plan sponsors saw a slight uptick in funded status in May. However, the market plunge yesterday serves as a reminder that we are still in uncertain times. DB plan sponsors must rethink their strategies for a continued period of uncertainty. This week’s PLANSPONSOR Weekend provides information to help them do that. Editor's Choice Investing Past Bear Market Strategies No Comfort for DB Plans Right Now Pension plan consultants are tweaking recommendations for DB plan sponsors during the unprecedented volatility created by the coronavirus pandemic. Compliance CARES Act May Help DB Plans Avoid Funding-Based Limitations DB plan sponsors can use help provided in the CARES Act and take other actions to avoid falling into funded status zones that would impact benefits. Administration How to Manage DB Plans Through the Crisis Experts expect the market volatility will continue for an unknown amount of time, so DB plan sponsors must be flexible and find new directions depending on the goals for their plans. Investing Rethinking Portfolio Strategies for DB Plans What strategies should plan sponsors consider for reaching their goals in the new market environment? Opinions DB Plan Sponsors Should Be Conscious of Liquidity Tom Cassara and Michael Clark, with River and Mercantile, discuss why pension plan sponsors should pay attention to liquidity and how they may do so. 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 Administration The Mechanics of Moving to a PEP With a lack of regulatory guidance, plan sponsors can rely on certain existing rules to know the steps to take if they decide to move from a single-employer plan to a pooled employer plan. Benefits What Employers Need to Know About HSAs Experts share eligibility requirements, tax treatment rules and allowable expenses for health savings accounts. 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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