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week ending May 29th, 2020 Continued economic uncertainty means continued uncertainty for the markets. Plan sponsors should consider what this means for investment lineups in defined contribution (DC) plans and asset allocations in defined benefit (DB) plans. DC plan sponsors should also consider participants’ desire for more protection. And participants need to be reminded of the best response to market volatility. In this edition of PLANSPONSOR Weekend, plan sponsors will find food for thought as they review their investments in this uncertain environment. Have a great weekend! Editor's Choice Investing QDIAs the Best Place for Participant Assets During Downturns QDIAs keep DC plan participants on a path for growth, but the current market volatility plants seeds of new ideas about their construction going forward. Investing Current Volatility Shows Weaknesses in TDFs Lessons about diversification—especially for those nearest retirement—not learned during the Great Recession will be a focus for plan sponsors and TDF providers now. Investing Rethinking Portfolio Strategies for DB Plans What strategies should plan sponsors consider for reaching their goals in the new market environment? 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 Understanding the Market Cycle Is Important to Retirement Plan Investors It is inevitable that markets will go up and down; lessons about downturns should always be a part of participant education. Administration Expect a Rise in Annuity Engagement A different perspective post-COVID-19 will make guaranteed income more attractive to retirement plan sponsors and participants. Popular Reads 2020 Recordkeeping Survey 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. 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. 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. 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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