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week ending November 6th, 2020 With large swings in the equity market and low interest rates, many retirement investors are confused about where to put their money. Plan sponsors can help by providing the right education and by continually evaluating the investments in their portfolios or those offered to participants. This edition of PLANSPONSOR Weekend offers information to help plan sponsors with these activities. Have a great weekend! Editor's Choice Investing Steps for Creating an Effective IPS While not required, a road map for investment selection and monitoring is a best practice, and sources now say the more detailed, the better. 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 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 Rethinking Portfolio Strategies for DB Plans What strategies should plan sponsors consider for reaching their goals in the new market environment? Investing Promising Investment Opportunities Exist Small-cap stocks and distressed debt are among places investment managers said investors should turn in the post-COVID-19 environment. Investing Revisiting the DOL’s 2013 TDF Tips Even as target-date funds evolve, the Department of Labor’s guidance for selecting and monitoring the funds is still relevant. Popular Reads Compliance Effect of the Biden Administration on Health and Retirement Benefits Health and retirement benefit plan sponsors will likely see efforts to reduce health costs for Americans and a rolling back of current administration efforts, especially on ESG investing. Compliance Judge Certifies Sizable Class in Lawsuit Over TIAA’s Retirement Plan Loan Program The lawsuit alleges TIAA kept some of the interest participants paid on loans from their retirement plans, which it says ‘is the epitome of self-dealing.’ Compliance The Basics of Terminating a DC Plan From updating the plan with statutory amendments to filing the final Form 5500, there are many details to attend to when terminating a defined contribution plan. Compliance Abbott Brought Back Into Retirement Plan Cybersecurity Lawsuit Previously dismissed from the lawsuit, Abbott is accused in an amended complaint of failing to monitor its recordkeeper and failing to enforce a security question routine on its benefits website. Benefits Pandemic Lowers Employer Health Care Costs for First Time in Decades It’s uncertain what will happen with costs going forward, however. Did someone forward you this newsletter? Sign up here to get PLANSPONSOR Weekend directly in your mailbox!

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