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PLANSPONSOR NEWSDASH LOGO April 4th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
Benefits
Improving Financial Wellness Starts With Understanding Participants
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.
Benefits
How Plan Sponsors Can Offer Backdoor Roth Conversions
Is a strategy that allows high-earners to roll over some of their retirement money into a Roth account worth the administrative burden for plan sponsors? 
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
Construction spending during February was estimated at a seasonally adjusted annual rate of $1,844.1 billion, 0.1% below the revised January estimate of $1,845.4 billion, the Census Bureau reported. The February figure is 5.2% above the February 2022 estimate of $1,753.1 billion.
MARKET MIRROR
Monday, the Dow gained 327.00 points (0.98%) to close at 33,601.15, the Nasdaq fell 32.45 points (0.27%) to close at 12,189.45 points and the S&P 500 gained 15.20 points (0.37%) to close at 4,124.51. The Russell 2000 dropped 0.17 points (0.01%) to close at 1,802.31 and the Wilshire 5000 rose 108.98 points (0.27%) to close at 40,817.40.

The price of the 10-year Treasury note increased 5/32, bringing the yield to 3.418%. The price of the 30-year Treasury bond increased 3/32, bringing the yield to 3.636%. 
Compliance
Coca-Cola Bottlers’ Association Agrees to Settle ERISA Case for $3.3 Million
The lawsuit against the CCB multiple employer plan needs court approval to finalize settlement.
AWARDS
2022 DC Survey Standouts Named
13 firms received the highest marks when, nationwide, sponsors of defined contribution plans answered questions about their satisfaction with recordkeeping providers, in the 2022 PLANSPONSOR Defined Contribution Survey. Learn which service providers are being recognized.
SMALL TALK
ON THIS DATE: In 1841, after serving for only one month, William Henry Harrison became the first U.S. president to die in office; he was succeeded by Vice President John Tyler. In 1928, American poet Maya Angelou was born. In 1949, the North Atlantic Treaty Organization was formed. The founding member nations of the military alliance were Belgium, Canada, Denmark, France, Iceland, Luxembourg, the Netherlands, Norway, Portugal, the United Kingdom and the United States. In 1968, Martin Luther King Jr. was assassinated by James Earl Ray in Memphis, Tennessee, while supporting a strike by the city’s sanitation workers. In 1973, the original World Trade Center twin towers opened in New York. At the time, they were the tallest buildings in the world. In 1975, Bill Gates and Paul Allen founded Microsoft, which became the world’s largest personal-computer software company. In 2013, American film critic Roger Ebert, who was the first to receive a Pulitzer Price for film criticism, died at the age of 70.  
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