April 10th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Early Withdrawals Found to Exacerbate 401(k) Account Disparities Across Race, Gender In addition to lower contribution rates, Black and Hispanic workers tend to withdraw money more frequently from their 401(k)s, resulting in significant account balance disparities compared to white employees. Compliance Central States Has Repaid SFA Overpayment The multiemployer plan was overpaid $127 million for the accidental inclusion of about 3,500 dead participants in their grant application. Most Read Compliance Confirmation Hearing Date Announced for Secretary of Labor Nominee Chavez-DeRemer Compliance Retiree Advocacy Group, Public Employee Unions Sue Treasury due to ‘Illegal DOGE Data Access’ Compliance Study Finds Fiduciary 'Red Flags' Are Widespread for Corporate Plans MARKET MIRROR Tuesday, the Dow fell 9.13 points (0.02%) to close at 38,883.67, the Nasdaq rose 52.68 points (0.32%) to close at 16,306.64 and the S&P 500 rose 7.52 points (0.14%) to close at 5,209.91. The Russell 2000 rose 7.09 points (0.34%) to close at 2,080.80, and the FT Wilshire 5000 Index rose 79.30 points (0.15%) to close at 52,433.21. The 10-year Treasury increased 27/32, bringing the yield to 4.3697%. The 30-year Treasury bond increased 8/32, bringing the yield to 4.5010%.   Benefits IBM Wins Dismissal of Pension Lawsuit A lawsuit against IBM’s pension plan will not proceed, following a judge’s ruling in U.S. District Court for the Southern District of New York. Compliance RTX Corp. Agrees to Settle ERISA Lawsuit The aerospace and defense contractor has agreed to a pending settlement in a lawsuit with a former participant. Ask the Experts Are Roth Excess Deferrals Taxed Twice? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations. SMALL TALK ON THIS DATE: In 1938, soon after Adolf Hitler’s invasion of Austria, 99.7% of Austrians approved the Anschluss—the political unification of Austria and Germany. In 1972, the development, production and stockpiling of biological weapons were outlawed by the Biological Weapons Convention, signed by more than 150 countries. In 1986, Halley’s Comet reached the perigee (point nearest Earth) of its most recent passage near the planet. In 1988, after taking a decade to build, the Seto Great Bridge, spanning the Inland Sea in Japan, was opened to traffic. In 1998, the Good Friday Agreement was signed, calling for devolved government in Northern Ireland; the accord was ratified in Ireland and Northern Ireland the following month. In 2001, the Netherlands passed a bill permitting euthanasia, the first such law in the world. In 2019, astronomers released the first-ever image of a black hole, which is in the center of the massive galaxy M87. Industry Intel Roundup—Featured White Paper PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring white papers offering key insights and analysis about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850