December 13th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Benefits 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 American Airlines Failed to Protect Workers’ 401(k)s in ESG Case, Federal Court Finds Compliance Treasury, IRS Issue Proposed Regulations on SECURE 2.0 Provisions Compliance IRS Provides Relief for Participants Impacted by California Wildfires 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 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