April 25th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Compliance Better Late Than Never: New Bill Would Permit CITs in 403(b)s A bill is planned to amend securities laws, close a SECURE 2.0 loophole and clear the way for CITs in 403(b) plans. Administration 2023 HSA Conference: HSA Administration Structure The proper administration of health savings accounts by plan sponsors is critical so employers do not face ERISA regulations, experts explained. Most Read Administration From Auto-IRAs to PEPs: How Small Employers Can Offer Retirement Savings Compliance Bristol-Myers Squibb, State Street Targeted in Lawsuit Over PRT Administration No Matter How Small, Businesses Have Retirement Plan Options MARKET MIRROR Monday, the Dow gained 66.44 points (0.20%) to close at 33,875.40, the Nasdaq lost 35.25 points (0.29%) to close at 12,037.20 and the S&P 500 gained 3.52 points (0.09%) to close at 4,137.04. The Russell 2000 lost 2.63 points (0.15%) to close at 1,788.87 and the Wilshire 5000 gained 9.67 points (0.02%) to close at 40,855.57. The 10-year Treasury note fell 2/32, bringing the yield to 3.496%. The 30-year Treasury bond fell 2/32, bringing the 3.711%. Benefits 2023 HSA Conference: Health Care or Retirement Savings Benefit? The answer is that it can be both, but may depend on their employee pool, according to panelists at a PLANSPONSOR HSA Conference. BENEFITS Plan Access Thanks to ongoing regulatory initiatives, more employees have more options for retirement saving. SMALL TALK ON THIS DATE: In 1859, construction of the Suez Canal officially began; completed 10 years later, the waterway connected the Mediterranean and Red seas. In 1901 New York became the first U.S. state to mandate license plates. In 1950, the Boston Celtics selected Chuck Cooper, an All-American forward from Duquesne University, as the first African American picked in the National Basketball Association draft. In 1959, the St. Lawrence Seaway officially opened, linking the Atlantic Ocean with the Great Lakes. In 1990, the Hubble Space Telescope, a sophisticated optical observatory built in the United States under the supervision of NASA, was placed into operation by the crew of the space shuttle Discovery. In 2014, the water supply of Flint, Michigan, was switched from the Detroit Water and Sewerage Department to the Flint River, causing a public health crisis as residents were exposed to dangerously high levels of lead. In 2015, a magnitude 7.8-earthquake struck near Kathmandu, Nepal, causing widespread damage and killing several thousand. 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