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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 2020 Recordkeeping Survey Data and Research Edward Jones and Age Wave Introduce the New Four Pillars of Retirement The ideas explain what retirees are focusing on after the workforce and as they enter the next chapter. Compliance Parties in Emory University 403(b) Plan Lawsuit File Settlement Agreement In addition to paying $16.75 million, the settlement agreement calls for a review of investments and a recordkeeping request for proposals. Administration CARES Act Special Considerations for 403(b) Plans Participants invested in annuity contracts may face charges for distributions and limits on amounts they can take as a distribution or loan that they may not be aware of. Investing Is It Time for the U.S. to Create a Sovereign Wealth Fund? As the U.S. government looks for a cure-all amid the financial crisis, some experts are looking to a government-owned wealth fund as an answer. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Weekend directly in your mailbox!

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