December 15th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Compliance Democrat Support for SEC’s Scope 3 Climate Disclosure Weakens Compliance costs for Scope 3 climate disclosures could be high, but they don’t apply to everyone. Data and Research Corporate Pension Plan Funding Remains Up in 2022, Despite November Drop The funding status of corporate pensions in the U.S. was down narrowly in November, as liability growth outweighed investment gains. Most Read Compliance IRS Proposes Regulations for Changes to SECURE 2.0 RMDs Opinions Encouraging Trends in 401(k) Plan Design Compliance What Increased Health Plan-Related Scrutiny Means for Plan Sponsors MARKET MIRROR Wednesday, the Dow decreased 142.29 points (0.42%) to close at 33,966.35, the Nasdaq decreased 85.93 points (0.76%) to close at 11,170.89 and the S&P 500 lost 24.33 points (0.61%) to close at 3,995.32. The Russell 2000 lost 11.91 points (0.65%) to end trading at 1,820.45 and the Wilshire 5000 decreased 232.85 points (0.58%) to close at 39,619.02. The price of the 10-year Treasury note increased 2/32, bringing the yield down to 3.479%. The price of the 30-year Treasury bond was unchanged and the yield was unchanged at 3.536%. Deals and People The Standard Hires VP for Retirement Plans Business Insurance industry veteran Jessica Krpan was hired to the new role to grow the Standard’s retirement offerings in the U.S. Opinions Retirement Trends to Watch in 2023 As larger numbers of Americans near retirement age, a renewed focus on retirement income is expected.  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 1791, following ratification by the state of Virginia, the first 10 amendments to the U.S. Constitution, known collectively as the Bill of Rights, became the law of the land. In 1840, Napoleon Bonaparte’s remains were interred in Les Invalides in Paris, having been brought from St. Helena, where he died in exile. In 1877, Thomas Edison applied for a patent for the phonograph. In 1890, the Hunkpapa Lakota chief Sitting Bull and 11 other tribe members were killed in Grand River, S.D., during an incident with Native American police officers who, with others, were attempting to arrest him. In 1961, Former Nazi official Adolf Eichmann was sentenced to death in Jerusalem by an Israeli court. In 1964, the Canada House of Commons approved a newly designed flag featuring a maple leaf, thereby dropping the Canadian “Red Ensign” flag. In 1996, Boeing Co. announced plans to pay $13.3 billion to acquire rival aircraft manufacturer McDonnell Douglas Corp. In 2001, the Leaning Tower of Pisa reopened in Pisa, Italy, after more than 10 years of work to stabilize the structure.  Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 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