April 13th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Compliance 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 Administration ERISA Industry Committee Seeks Additional IRS Guidance on Student Loan Matching Data and Research Small, Midsize Employers Express Positive Experience Offering Pooled Plans Deals and People Consultant NEPC Sells Majority Stake to Advisory Firm Hightower 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. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 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