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PLANSPONSOR NEWSDASH LOGO December 13th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Benefits
OK, but Seriously: Is SECURE 2.0 Going to Pass?
OK, but Seriously: Is SECURE 2.0 Going to Pass?
If a budget passes, SECURE 2.0 will be attached to that bill. If a budget passes.
Data and Research
Public-Sector Workers Face Retirement Income Shortfalls Without Supplemental Savings
National Institute on Retirement Security research finds pension plans alone often don’t provide retirement income adequacy for state and local government employees.
Most Read
Compliance
EBSA Head Lisa Gomez Says DOL Continues Honing Retirement Security Rule
Data and Research
Early Withdrawals Found to Exacerbate 401(k) Account Disparities Across Race, Gender
Ask the Experts
Are Roth Excess Deferrals Taxed Twice?
MARKET MIRROR
Monday, the Dow gained 528.58 points (1.58%) to close at 34,005.04, the Nasdaq gained 139.12 points (1.26%) to close at 11,143.74 and the S&P 500 increased 56.18 points (1.43%) to close at 3,990.56. The Russell 2000 increased 21.95 points (1.22%) to close at 1,818.61 and the Wilshire 5000 gained 556.98 points (1.43%) to close at 39,568.94.

The price of the 10-year Treasury note decreased 3/32, bringing the yield up to 3.614%. The price of the 30-year Treasury bond decreased 24/32, bringing the yield up to 3.575%
Compliance
Department of Labor Announces Form 5500 Changes
The changes to 5500 instructions are made annually.
DEALS AND PEOPLE
Retirement Industry People Moves
Northwestern Mutual names new CFO; Lockton has a new U.S. chief counsel; Hub keeps expanding with insurance and benefit buys; and more.
Deals and People
2023 Plan Adviser of the Year Nominations Are Open
Do you work with or know of a great plan adviser or plan adviser team?
SURVEYS
CIO’s Transition Management Survey
Are you a provider of transition management services and want to make your services known to institutional investors? If so, you are invited to respond to CIO’s Transition Management Survey.
EVENTS
Plan Progress Webinar: Student Loan Debt Benefits
Join PLANSPONSOR and a panel of experts on December 15 to learn what options are available for student loan debt benefits, their structure and cost; how student loan repayment help fits into an employer’s overall financial wellness benefits; what communications employees need about student loan debt and saving for retirement, and more. 
SMALL TALK
ON THIS DATE: In 1577, explorer Francis Drake set sail from England with five ships and 164 men on a mission to raid Spanish holdings on the Pacific coast of the New World and explore the Pacific Ocean. In 1636, the United States National Guard was created when militia regiments were organized by the General Court of the Massachusetts Bay Colony. In 1862, during the Civil War, an estimated 11,000 Union Army soldiers were killed or wounded by Confederates under General Robert E. Lee at the Battle of Fredericksburg. In 1937, the Japanese Imperial Army seized Nanjing, China, during the Sino-Japanese War, leading to the Nanjing Massacre, in which up to 300,000 Chinese may have been killed. 1989, singer/songwriter Taylor Swift was born. In 2000, Vice President Al Gore conceded defeat to George W. Bush in his bid for the presidency, following weeks of legal battles over the recounting of votes in Florida. In 2003, former Iraqi dictator Saddam Hussein was captured
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