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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
Compliance
Bills to Nullify the Retirement Security Rule Proposed in Congress
Administration
Dealing with Stress, Burnout in the HR, Benefits Department
Deals and People
BlackRock’s Retirement Head Ackerley Moving to Adviser Role
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: Inspira Financial | May 21, 2024
The growing value of HSAs for every generation
September 19, 2024
Financial Wellness
Plan sponsors, advisers and policy experts will offer suggestions for how best to define and measure the financial wellness of participants and drive financial confidence. The panel will also review how they evaluate the myriad new offerings appearing as a result of the voluntary benefits provisions of SECURE 2.0. Attendees will come away with tangible metrics for determining which programs will offer the most useful and valuable programs for their employees.
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: Allianz Life Insurance Company of North America | April 30, 2024
Retirement Income Roundtable
Growing concerns around retirement security have become increasingly prevalent in recent years. With low defined contribution plan account balances and economic uncertainties, plan participants are understandably worried about their financial future. Join PLANSPONSOR for a roundtable discussion in partnership with Allianz Life Insurance Company of North America (Allianz) during which industry professionals will share their insights on the following topics: • Recent research regarding plan participant attitudes towards retirement income • The importance of retirement income solutions in DC plans • Common myths and misconceptions about annuities and other income solutions • Guidance for identifying and implementing retirement income strategies and solutions During this event, speakers will provide valuable information and knowledge to help DC plan sponsors make informed decisions regarding retirement income for their plan. This content does not apply in the state of New York. Allianz Life Insurance Company of North America is not affiliated with PLANSPONSOR Magazine. For institutional use only – not for use with the public.
SPONSORED BY: Corebridge Financial | April 25, 2024
Constructing Retirement Paychecks – 7 steps for employers to help employees
Many employees look forward to a well-earned retirement. Unfortunately, many are going to find they are not as financially prepared as they are physically and mentally prepared for the realities of retirement. It’s shocking when their employer paycheck stops. Now, each employee is on the hook to construct their own retirement paycheck. For the next 20, 25 or 30+ years. That is a tall order. Most people struggle with the intricacies of dealing with so many different types of accounts and investments. They don’t understand the complex rules for retirees. And they don’t know where to turn to get clear, concise, correct information. In short, employees need help from their trusted employer to build their retirement paycheck. How prepared are you to help answer employees’ questions such as: • How can employees stretch their savings long enough to pay for retirement? • When should employees start pensions, Social Security, and annuity payouts? • Why is Medicare so different from employer health insurance? Employees are raising their hands for help. Can you help more employees become more successful retirees? In this session, our guest speaker will cover 7 practical steps employers can take to help prepare employees at every age to construct a paycheck in retirement.
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