April 9th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Compliance EBSA Head Lisa Gomez Says DOL Continues Honing Retirement Security Rule Department is focused on several areas, including the need for clarity around when a participant educator is crossing the line into being a fiduciary and giving individual recommendations. Compliance PLESA Match Manipulation Not a Concern, Chamber of Commerce Says Other SECURE 2.0 implementation issues are a much bigger worry. Most Read Investing Empower to Offer Private Investments in 401(k) Plans Data and Research Employers, Workers Have Disconnect Between Employee Needs, Benefits Strategies  Benefits Benefits Council Proposes New Ways to Use Retirement Surpluses to Boost Benefits, Raise Revenue MARKET MIRROR Monday, the Dow fell 11.24 points (0.03%) to close at 38,892.80, the Nasdaq rose 5.44 points (0.03%) to close at 16,253.96 and the S&P 500 fell 1.95 points (0.04%) to close at 5,202.39. The Russell 2000 rose 10.24 points (0.50%) to close at 2,073.71, and the FT Wilshire 5000 Index rose 15.75 points (0.03%) to close at 52,353.91. The 10-year Treasury note rose 1/32, bringing the yield to 4.430%. The 30-year Treasury bond was unchanged, bringing the yield to 4.550% Data and Research MetLife Poll Shows Increased Demand for QLACs to be Offered In-Plan Plan sponsors are expressing interest in qualified longevity annuity contracts as a way help participants protect against longevity risk and inflation. Compliance After DOJ Criminal Sentence, DOL Sues Profit-Sharing Plan of Pennsylvania Mushroom Farmer Department of Labor brings a lawsuit against the profit-sharing plan of a criminally indicted Pennsylvania mushroom farm retirement plan. EVENTS PLANSPONSOR HSA Conference 2024 Health savings accounts offer an opportunity to meet employees’ health care coverage, financial wellness and retirement readiness needs. As employers are thinking about benefits changes for the next open enrollment, now is the time to consider the role HSAs can play in meeting plan sponsor and participant goals. Join the PLANSPONSOR Health Savings Account Livestream, April 10 to April 11, as sessions will help plan sponsors understand how HSAs work and create a list of considerations for benefit selection and implementation.  SMALL TALK ON THIS DATE: In 1682, French explorer René-Robert Cavelier claimed the Mississippi River basin for France, naming it Louisiana. In 1865, General Robert E. Lee, commander of the Army of Northern Virginia of the Confederate States of America, signed a treaty of surrender at Appomattox Court House, effectively ending the U.S. Civil War. In 1898, entertainer and political activist Paul Robeson was born. In 1939, African American contralto Marian Anderson sang to an Easter Sunday crowd of 75,000 at the Lincoln Memorial after the Daughters of the American Revolution refused to allow her to sing at Constitution Hall in Washington, D.C. In 1963, an act of Congress conferred honorary U.S. citizenship on Sir Winston Churchill. In 1965, the Astrodome opened in Houston, Texas, hosting the first indoor baseball game. In 2001, American Airlines officially completed its acquisition of Trans World Airlines and became the world’s largest airline. In 2003, Baghdad fell to U.S.-led forces, several weeks after the start of the Iraq War, a conflict begun to oust Iraqi President Saddam Hussein because of his supposed possession of weapons of mass destruction. In 2008, King Charles III, -then-prince of Wales, married Camilla Parker Bowles. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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