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PLANSPONSOR NEWSDASH LOGO August 10th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Investing
GOP Attorneys General Raise Fiduciary, Antitrust Concerns in Letter to BlackRock
GOP Attorneys General Raise Fiduciary, Antitrust Concerns in Letter to BlackRock
August 4 letter to CEO Larry Fink seeks ‘clarification on actions that appear to have been motivated by interests other than maximizing financial return.’
Benefits
Defined Benefit Plans May Have New Life
Don’t call it a comeback: Plan sponsors could thaw frozen defined benefit plans to return them as a retirement benefit for workers.   
Most Read

2023 DC Survey Standouts
Administration
Understanding Investments and Fees: A Key Part of Plan Committee Education
Products
TIAA In-Plan Retirement Income Option Reaches $30B
MARKET MIRROR
Tuesday, the Dow slipped 58.13 points (0.18%) to close at 32,774.41, the Nasdaq dropped 150.53 points (1.19%) to 12,493.93 and the S&P 500 sagged 17.59 points (0.42%) to close at 4,122.47. The Russell 2000 lost 28.31 points (1.46%) to 1,912.89  and the Wilshire 5000 was down 267.18 points (0.64%) to close at 41,195.61.

The price of the 10-year Treasury note decreased 2/32 bringing the yield up to 2.783%. The price of the 30-year Treasury bond decreased 1/32 bringing the yield up to 2.994%.
Benefits
PBGC to Provide Nearly $800 Million to Rescue 2 Pension Plans
The agency has so far approved $7.4 billion under the Special Financial Assistance Program to pension funds covering more than 149,000 participants.
ASK THE EXPERTS
Can an Alternate Payee Designate a Beneficiary?
Can an alternate payee in our retirement plan designate a beneficiary?”
Compliance
DOL to Host Compliance Assistance Seminar in Dallas
The free event will increase awareness about the fiduciary responsibilities of operating a retirement plan.
Investing
401(k) Trading Light in July Despite Market Gains
Stable value funds topped inflows, while most outflows were from target-date funds, according to Alight Solutions data.
SMALL TALK
ON THIS DATE: In 1776, news reached London that the Americans had drafted the Declaration of Independence. Until the Declaration of Independence formally transformed the 13 British colonies into states, both Americans and the British saw the conflict centered in Massachusetts as a local uprising within the British empire. In 1793, the Louvre opened in Paris, and it has become the most-visited museum in the world. In 1821, Missouri became the 24th state to join the Union. In 1846, the Smithsonian Institution was founded in Washington, D.C., by Congress with funds bequeathed by English scientist James Smithson. In 1945, one day after the bombing of Nagasaki, Japan submitted its acquiescence to the Potsdam Conference terms of unconditional surrender, as President Harry S. Truman ordered a halt to atomic bombing. In 1977, 24-year-old postal employee named David Berkowitz was arrested and charged with being the “Son of Sam,” the serial killer who terrorized New York City for more than a year, killing six young people and wounding seven. In 1993, Ruth Bader Ginsburg was sworn in as the second woman and 107th Justice to serve on the US Supreme Court. In 2003, temperatures in U.K. top 100 Fahrenheit for first time.
Industry Intel Roundup—Thought Leadership
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
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Stay ahead of industry news and trends by checking this page regularly for the latest sponsored thought leadership.
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