NewsDash – December 18, 2024

December 18th, 2024
Insight on Plan Design & Investment Strategy Every Weekday

Data and Research

Pooled Employer Plan Assets Reach $10B, Cerulli Reports

PEPs are gaining traction among 401(k) sponsors across different plan sizes.

AWARDS

Looking for the Exceptional 403(b) Plan Advisers!

Are you a 403(b)-plan sponsor who loves your adviser? Help us recognize the best in the business by nominating them today for the 2025 PLANADVISER Retirement Plan Adviser of the Year awards. The form is short, and the deadline is January 10.

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

Tuesday, the Dow fell 267.58 points (0.61%) to close at 43,449.90, the Nasdaq dropped 64.83 points (0.32%) to close at 20,109.06 and the S&P 500 was off 23.47 points (0.39%) to close at 6,050.61. The Russell 2000 dropped 27.91 points (1.18%) to close at 2,334.08, and the FT Wilshire 5000 Index fell 298.00 points (0.49%) to close at 60,824.85.

The 10-year Treasury note was unchanged, bringing the yield to 4.405%. The 30-year Treasury bond rose 1/32, bringing the yield to 4.593%.

Benefits

BlackRock Employees Among Early LifePath Paycheck Users

The asset manager has made its TDF with an annuity option the QDIA for its roughly 8,500 employees.

Ask the Experts

How Can Sponsors Recover Overpayments to 403(b) Plans?

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

SMALL TALK

ON THIS DATE: In 1787, New Jersey became the third state admitted to the United States when it ratified the U.S. Constitution. In 1865, by proclamation of the U.S. secretary of state, the Thirteenth Amendment to the Constitution, outlawing slavery, officially entered into force, having been ratified by the requisite states on December 6. In 1886, American baseball player Ty Cobb, an excellent hitter and base runner, was born in Narrows, Georgia. In 1892, Pyotr Ilyich Tchaikovsky’s ballet The Nutcracker was first presented at the Mariinsky Theatre in St. Petersburg. In 1943, British guitarist Keith Richards of the Rolling Stones was born. In 1946, American film director Steven Spielberg was born. In 1966, The TV special How the Grinch Stole Christmas!, an adaptation of Dr. Seuss’s classic children’s book, aired for the first time. In 2011, Czech playwright, poet, and political dissident Václav Havel—who served as president of Czechoslovakia (1989–92) and of the Czech Republic (1993–2003) died.

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.