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PLANSPONSOR NEWSDASH LOGO April 13th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
Clarity From Regulators is Key for Success in SECURE 2.0 Era
Clarity From Regulators is Key for Success in SECURE 2.0 Era
SECURE 2.0 brings opportunity, but also implementation, tracking and administrative questions, according to experts speaking on a PLANSPONSOR webinar.
Data and Research
Interest in Retaining Retiree Assets Has Grown, Highlighting Retirement Income
There is an opportunity for asset managers to focus their distribution of retirement income products, as interest in keeping retired participants in plan grows, new Cerulli Associates data shows. 
Most Read
Participants
IRS Notice Defines Retirement Plan Tax Distribution Exceptions
Compliance
ERISA Advisory Council Explores Annuity Default Options in DC Plans
Compliance
Legislation to Overturn Fiduciary Rule Advances Through House Committee
ECONOMIC EVENTS
The Consumer Price Index for All Urban Consumers rose 0.1% in March on a seasonally adjusted basis, after increasing 0.4% in February, the Bureau of Labor Statistics reported. Over the last 12 months, the-all items index increased 5.0% before seasonal adjustment.
MARKET MIRROR
Wednesday, the Dow decreased 38.29 points (0.11%) to close at 33,646.50, the Nasdaq decreased 102.54 points (0.85%) to close at 11,929.33 and the S&P 500 decreased 16.99 points (0.41%) to close at 4,091.95. The Russell 2000 decreased 12.90 points (0.72%) to close at 1,773.70 and the Wilshire 5000 decreased 194.20 points (0.48%) to close at 40,445.83.

The price of the 10-year Treasury note increased 2/32, bringing the yield to 3.403%. The price of the 30-year Treasury bond decreased 23/32, bringing the yield to 3.631%.
Benefits
Improving Financial Wellness Starts With Understanding Participants
Many plan sponsors are building financial wellness programs with an eye on addressing benefits equity for their workforce.
COVER
The Evolution of Cash Balance Plans
LONG VIEWED as less risky and easier to manage than traditional defined contribution plans, cash balance plans have become more popular since the Pension Protection Act of 2006. 
SMALL TALK
ON THIS DATE: In 1861, after a 33-hour bombardment by Confederate cannons, Union forces surrendered Fort Sumter in South Carolina’s Charleston Harbor during the Civil War. In 1870, the Metropolitan Museum of Art was founded in New York City. In 1909, Eudora Welty, a writer and photographer, was born. She won the Pulitzer Prize for Fiction in 1973 and was later awarded the Presidential Medal of Freedom. In 1943, the Thomas Jefferson Memorial was dedicated in East Potomac Park on the south bank of the Tidal Basin in Washington, D.C. In 1964, for his performance in Lilies of the Field, Sidney Poitier became the first African American to win the Academy Award for best actor. In 1997, Tiger Woods won the Masters Tournament, becoming the first African American golfer and the youngest player to win the event.
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