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week ending May 1st, 2020
Since the record market drop caused by the coronavirus pandemic, major stock indices have been on a wild rollercoaster ride. While there are early indications that most retirement plan participants have been holding steady with their investment allocations, it never hurts to keep reminding them to maintain a long-term strategy. Plan sponsors also must keep the end goal in mind when monitoring investments and making decisions. This edition of PLANSPONSOR Weekend offers help for communicating with participants as well as for plan sponsors to perform their fiduciary duties. Wishing everyone a safe and happy weekend!
Editor's Choice
Investing
Data Shows Majority of Investors Staying Calm Amid Volatility
Vanguard found its clients with only a defined contribution (DC) retirement plan relationship exhibited the lowest levels of trading.
Investing
Talking Points to Help Participants Navigate Market Volatility
Certain concepts should be communicated clearly to retirement plan participants so they don’t make decisions that may hurt their retirement readiness.
Investing
Plan Sponsors Should Be Extra Vigilant During Severe Market Volatility
For both DB and DC plan sponsors, fiduciary actions follow a different time frame when there is a sustained market crisis.
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.
Investing
Fixed Income Allocations Suppressed Potential Losses for ERISA Pension Plans
Of the three institutional segments tracked by Northern Trust, corporate ERISA pension plans performed the best during 1Q 2020.
Popular Reads
Opinions
Democrats Take Control of the Senate: What Does That Mean for Your Retirement Plan?
Syed Nishat, with Wall Street Alliance Group, discusses potential effects on retirement plans if President Joe Biden is able to move forward his legislative agenda.
2020 Recordkeeping Survey
Compliance
Takeda Pharmaceuticals Faces ERISA Lawsuit Over TDF Suite in 401(k) Plan
The lawsuit says the target-date funds were selected for the plan despite having no performance history and, when they continued to underperform, they were not replaced with better options.
Data and Research
Pandemic Puts More Households at Risk in Retirement
The Center for Retirement Research says half of American households are at risk of not being able to live at pre-retirement standards of living in retirement.
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.
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