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PLANSPONSOR NEWSDASH LOGO April 12th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Increased Pension Fund Liabilities Overrode Investment Returns in March
Increased Pension Fund Liabilities Overrode Investment Returns in March
According to most analysts, the fall in discount rates raised liabilities by more than the growth in equities, leading to deterioration of funded status in March.
Compliance
Car Parts Producer Faces Retirement Lawsuit
The retirement plan for Tenneco Inc. employees is alleged to have committed two breaches of fiduciary duty.  
Most Read
Compliance
Humana Inc. Defeats Class Action Claims of Excessive 401(k) Fees
Benefits
Rhode Island Becomes 20th State to Pass Retirement Savings Program
Compliance
Wells Fargo Targeted in New 401(k) Forfeiture Lawsuit
MARKET MIRROR
Tuesday, the Dow gained 98.27 points (0.29%) to close at 33,684.79, the Nasdaq fell 52.48 points (0.43%) to close at 12,031.88 and the S&P 500 fell 0.17 points (0.00%) to close at 4,108.94. The Russell 2000 increased 14.15 points (0.80%) to close at 1,786.59 and the Wilshire 5000 increased 44.07 points (0.11%) to close at 40,640.03. 

The price of the 10-year Treasury note fell 1/32, bringing the yield to 3.428%. The price of the 30-year Treasury bond rose 23/32, bringing the yield to 3.623%. 
Ask the Experts
Does the SECURE 2.0 Student Loan Provision Require a Matching Contribution?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Data and Research
Few Workers Expect to Reach Retirement Savings Goals
Millennial and older workers expect it will take greater than $1 million saved in a workplace retirement plan to retire comfortably.
EVENTS
2023 PLANSPONSOR National Conference
June 20 – 23 join the plan sponsor community for insights into topics essential for offering a retirement plan. Hear from experts in retirement and other benefits, exchange ideas with your peers, and celebrate our most recent awards finalists and winners. 
SMALL TALK
ON THIS DATE: In 1892, a patent for the first portable typewriter was issued in the U.S. In 1945, President Franklin D. Roosevelt died at age 63. In 1961, Russian cosmonaut Yuri Gagarin became the first human in outer space. In 1981, NASA launched the first space shuttle, Columbia, which was designed to orbit Earth, transport people and cargo to and from orbiting spacecraft and glide to a runway landing on its return to Earth. In 1983, Harold Washington was elected the first African American mayor of Chicago. In 1989, boxer Sugar Ray Robinson, a six-time champion who was considered by many to have been the best fighter in history, died at age 67. In 2014, a forest fire swept into the port city of Valparaíso, Chile, destroying several thousand homes and claiming the lives of at least 16 people before it was extinguished several days later.  
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.
SPONSORED BY: BOK Financial
Helping low-earning participants save for retirement
BOK Financial explains how plan sponsors can help low-earning workers overcome challenges in saving for retirement.
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