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PLANSPONSOR NEWSDASH LOGO April 26th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Transamerica Signs On as Recordkeeper for Smart’s ‘Choice PEP’
Transamerica Signs On as Recordkeeper for Smart’s ‘Choice PEP’
Smart Retirement Solutions’ new pooled employer plan aims to create a 401(k) retirement solution for employers looking to reduce their administrative burden.  
Compliance
Judge Says 401(k) Litigants Should Prepare For Trial
The 2020 excessive fees 401(k) lawsuit against a medical products manufacturer is on the eve of a trial. 
Most Read
Deals and People
Daniel Aronowitz Nominated to Head EBSA
Compliance
Charter Communications Faces 401(k) Forfeiture Suit
Ask the Experts
Will Plan Sponsors Need New Catch-Up Deferrals for High Earners in 2026?
ECONOMIC EVENTS
Sales of new single‐family houses in March were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.6% above the revised February rate of 623,000, but is 3.4% below the March 2022 estimate of 707,000. 

The Conference Board Consumer Confidence Index fell in April to 101.3, down from 104.0 in March. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased to 151.1 from 148.9 last month. The Expectations Indexbased on consumers’ short-term outlook for income, business, and labor market conditions—fell to 68.1 from 74.0.  
MARKET MIRROR
Tuesday, the Dow fell 344.57 points (1.02%) to close at 33,530.83, the Nasdaq fell 238.05 points (1.98%) to close at 11,799.16 and the S&P 500 fell 65.41 points (1.58%) to close at 4,071.63. The Russell 2000 fell 42.92 points (2.40%) to close at 1,745.95 and the Wilshire 5000 lost 698.40 points (1.71%) to close at 40,157.17. 

The 10-year Treasury note increased 8/32, bringing the yield to 3.402%. The 30-year Treasury bond increased 31/32, bringing the yield to 3.661%. 
Ask the Experts
Understanding Contribution Limits on Unrelated Entities and Across Plan Types
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Compliance
DOL Offers Guidance for Multiemployer Plans
Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.
SMALL TALK
ON THIS DATE: In 1865, 12 days after assassinating U.S. President Abraham Lincoln, John Wilkes Booth was killed at a Virginia farm either by a U.S. solider or by his own hand. In 1886, American blues singer Ma Rainey was born. In 1933, Hermann Göring formed the Gestapo, the political police of Nazi Germany that eliminated opposition and was involved in the roundup of Jews throughout Europe for deportation to extermination camps. In 1964, with the merger of Tanganyika and Zanzibar, the United Republic of Tanzania was founded. In 1986, a devastating catastrophe occurred when an explosion and fire at the Chernobyl nuclear power plant in Ukraine released large amounts of radioactive material into the atmosphere. In 1989, actress Lucille Ball – a long time comedy star of American television, best known for her classic comedy series “I Love Lucy” – died at the age of 77.  
Industry Intel Roundup—Featured Webinars
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
SPONSORED BY: Lincoln Financial Group | February 4, 2025
Benefits at Work: How Financial Wellness Fuels Productivity
Today’s employees seek meaningful benefits that address their holistic health and financial well-being. To meet their expectations, 80% of employers surveyed agree that a well-rounded, competitive benefits offering is critical, according to our 2024 Small Business Owner survey. More than ever, small businesses need to invest in programs that strengthen employee productivity, loyalty, and morale. By joining this complimentary webcast, you’ll learn how to: • Engage today's workforce, including the changing values of millennials and Gen Z, lingering financial concerns, and the key factors driving talent attraction and retention • Gain a competitive edge for employees with comprehensive benefits, including voluntary employee benefits coverage, retirement savings plans, and financial wellness solutions • Provide benefits education and wellness programs to help employees take full advantage of their benefits • Deliver a holistic employee experience with simple plan administration by using a single-source benefits provider
SPONSORED BY: Edelman | December 17, 2024
Managed Accounts as QDIA: Which Approach Works Best for Your Participants?
Plan sponsors have multiple tools at their disposal to help deliver the right solution at the right time for their participants while maintaining their fiduciary responsibilities. Many plan sponsors have adopted managed accounts as a QDIA, whether for targeted segments of their participant population or as a broader approach. As the #1 DC managed account provider since 2008 (per Cerulli Associates), Edelman Financial Engines is excited to host this webinar and discussion. This webinar will cover: Different ways that plan sponsors use managed accounts as a default investment option, and the impact on participants, addressing legal and regulatory concerns with different default structures, how managed accounts and target date funds fit together in a Dual QDIA structure and insights from a leading plan sponsor that uses managed accounts as a default to understand their decision-making process and how the solution improves participant outcomes.
December 12, 2024
Plan Benchmarking
How do plan sponsors determine the right goals for their plans or measure plan success? What tools are available to benchmark retirement plans? What should plans be measuring and how often? What kinds of actions or improvements can measurements drive? These questions and more will be answered in PLANSPONSOR’s final editorial webinar of 2024.
SPONSORED BY: Income America | November 19, 2024
Changing the Conversation on Guaranteed Retirement Income
As retirement plans transition from supplemental savings vehicles to the primary income source for many retirees, plan participants’ perspectives on retirement have shifted significantly. This session will delve into the findings from American Century’s 11th Annual Retirement Survey, highlighting how these evolving views are influencing employers’ goals and strategies in designing their organizations’ plans. With income replacement becoming a critical focus for participants, plan sponsors are increasingly recognizing the need to align retirement plans with these expectations. Additionally, there is a growing emphasis on guaranteed income solutions to better meet the evolving retirement goals of employees. By adapting plans to meet participants’ needs and incorporating sought-after design features, plan sponsors can drive deeper engagement and achieve better outcomes for their participants.
SPONSORED BY: Principal | October 30, 2024
Rethinking Retirement: Participant Engagement Trends and Best Practices
Dive into key participant behaviors and engagement trends that can reshape how we approach retirement planning. This presentation highlights the complexities participants face in understanding their eligibility and reveals misconceptions about their enrollment. We’ll explore targeted strategies to help boost participation rates and address certain generational gaps. In today’s saturated digital environment, participants are conditioned to ignore marketing-style emails. Discover best practices in how to refine your messaging and break through the noise. Finally, we’ll explore why the “easy button” plan features haven’t been working. By evolving messaging to meet participants where they are paired with best practice plan design features, we aim to drive deeper engagement and better outcomes. *Principal® Retirement Security Survey—Nonparticipants, December 2023. Intended for Plan Sponsor use only. PLANSPONSOR is not an affiliate of any company of the Principal Financial Group®. The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment or tax advice. You should consult with appropriate counsel, financial professionals, and other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements. Insurance products and plan administrative services provided through Principal Life Insurance Company®. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker-dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392. Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and services marks of Principal Financial Services, Inc., in various countries around the world. © 2024 Principal Financial Services, Inc. 3893943-092024
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