[Official Guidance]
"This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under Section 417(e)(3), and the 24-month average segment rates under Section 430(h)(2) ... In addition, this notice provides guidance as to the interest rate on 30-year Treasury securities under Section 417(e)(3)(A)(ii)(II) as in effect for plan years beginning before 2008 and the 30-year Treasury weighted average rate under Section 431(c)(6)(E)(ii)(I)." 
Internal Revenue Service [IRS]
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[Guidance Overview]
"[The DOL's] Office of the Solicitor of Labor issued to [SIFMA] an opinion letter in response to SIFMA's ... request for guidance regarding the impact of foreign criminal convictions on asset managers' reliance on Prohibited Transaction Class Exemption 84-14 (the 'QPAM Exemption'). Citing the underlying text of the QPAM Exemption, ERISA Section 411, and relevant Supreme Court decisions regarding statutory interpretation, the DOL affirmed that, in its view, a conviction under foreign law is not a disqualifying event under the QPAM Exemption." 
Groom Law Group
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"As a general rule, furloughed employees are not considered to be terminated from employment. In essence, they are active employees who aren't 'on the schedule.' However, there are some states that apply timeframes after which a furloughed employee is deemed to be terminated if he or she has not yet returned to work.... There are four [retirement plan issues]: [1] Crediting service for eligibility and vesting, [2] Eligibility for a company contribution, [3] Coverage testing; and [4] Partial plan termination determinations." 
DWC
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"[Many advisors] see ... the beginning of the long-anticipated rotation from growth to value... It's important right now for 401k plan sponsors to urge their service providers to educate employees about the nature of market rotations and how they can impact their portfolios in the short and long term.... An understanding of the implications of rotation is even more critical for retirement savers who are just getting started. They may be making their investment decisions on that infamous 'past performance' the SEC talks about. Actually, it's a behavioral anomaly known as 'recency' and it's been the bane of investors for generations." 
Fiduciary News; free registration required
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"[1] Service crediting ... [2] Employer contributions ... [3] Employee contributions ... [4] Plan distributions." 
PLANSPONSOR; free registration may be required
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"[M]ore than 27 percent of those working or recently unemployed [have] taken a withdrawal from their retirement savings accounts this year ... [N]early 1 in 5 Americans are contributing less to their retirement account now than before the COVID-19 crisis began.... [C]onsider the following steps: [1] Take advantage of relaxed repayment rules. [2] Put your payments on autopilot. [3] Reduce expenses to free up savings. [4] Supplement your income." 
MassMutual
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"In the wake of the global pandemic known as COVID-19, retirees, along with those hoping to retire someday, have been shocked into a new awareness of the need for better risk management tools to handle longevity and aging. This paper offers an assessment of the status quo prior to the spread of the coronavirus, evaluates how retirement systems are faring in the wake of the shock ... [and examines] insurance and financial market products that may render retirement systems more resilient for the world's aging population. Finally, potential roles for policymakers are evaluated." 
Olivia S. Mitchell, via SSRN
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[Opinion]
"[The] narrow scope [of the language limiting liability] could be viewed as inferring that the provision of additional lifetime income estimates or illustrations and related tools would be inconsistent with meeting one's fiduciary duty.... [T]he simplified nature of the calculations will not produce estimates that are sufficiently accurate so as to be relevant to participants, [and] some of the assumptions set forth in the interim final rule exacerbate this concern ... [T]he required lifetime income disclosures do not include an estimation of or otherwise account for the impact of future contributions and future earnings on a participant's ultimate account balance at retirement." 
American Benefits Council
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[Opinion]
"These actions by the [DOL] further codify the most basic tenet of fiduciary duty: investment decisions should be governed by considering risk and returns, not any outside political agenda.... This modernization of ERISA will ensure that pension investment strategies remain focused on fiduciary duty and the best risk adjusted return." 
Institute for Pension Fund Integrity [IPFI]
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Selected Discussions on the BenefitsLink Message Boards
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"We have a 401k plan that allows for after-tax employee contributions. The plan sponsor is an LLC that is taxed as a sole prop. Can the owner deposit the after-tax contributions up until his tax return due date, or does he need to deposit those by 12/31?" 
BenefitsLink Message Boards
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"For plans with less than 100 people, I know the DOL requires contributions to be deposited within 7 business days of being withheld from payroll. I have a multiple employer plan with more than 100 participants, although no single employer has more than 100 employees in the plan. What's the deadline? Any safe harbor date?" 
BenefitsLink Message Boards
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