December 28th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Deals and People 2023 Plan Sponsor of the Year Nominations Are Open Do you know of or work for a plan sponsor that goes above and beyond to make retirement security a reality for employees? AWARDS For Inspiration: 2022 Plan Sponsor of the Year Winners Crafting a retirement plan is an art, not a science. There is no single “right” strategy for designing a plan. The innovative approaches make it clear that various methods, along with thoughtful design decisions, can enable success. Read all about the plans that inspired us and were named 2022 Plan Sponsor of the Year Winners. Most Read Administration From Auto-IRAs to PEPs: How Small Employers Can Offer Retirement Savings Compliance Bristol-Myers Squibb, State Street Targeted in Lawsuit Over PRT Administration No Matter How Small, Businesses Have Retirement Plan Options MARKET MIRROR Tuesday, the Dow increased 37.63 points (0.11%) to close at 33,241.56, the Nasdaq lost 144.64 points (1.38%) to close at 10,353.23 and the S&P 500 decreased 15.57 points (0.41%) to close at 3,829.25. The Russell 2000 lost 11.42 points (0.65%) to close at 1,749.52 and the Wilshire 5000 lost 178.68 points (0.47%) to close at 37,931.74. The price of the 10-year Treasury note decreased 30/32, bringing the yield up to 3.851%. The price of the 30-year Treasury bond decreased 2 0/32, bringing the yield up to 3.935% Compliance, District Court Narrows $750,000 Retirement Theft Lawsuit Claims A federal judge granted the motion to dismiss one of three defendants in a retirement theft lawsuit.  Cybersecurity for Retirement Plans Cyberthreats are always growing and plan fiduciaries need to take myriad steps to mitigate the risks to participants and assets. Opinions Cybersecurity: Key Considerations and Resources for Plan Sponsors There is no hiding from attacks on your plan’s technology and data. What are the most important steps you can take to stay prepared? ON THIS DATE In 1065, Westminster Abbey was consecrated under Edward the Confessor. In 1732,  “The Pennsylvania Gazette,” owned by Benjamin Franklin, ran an ad for the first issue of “Poor Richard’s Almanack.” In 1832, John C. Calhoun became the first vice president of the U.S.  to resign, stepping down over differences with President Jackson. In 1836, Mexico’s independence was recognized by Spain. In 1846, Iowa became the 29th state to join the U.S. In 1902, The first professional indoor football game was played at Madison Square Garden in New York City. Syracuse defeated the Philadelphia Nationals 6-0. In 1954, actor Denzel Washington was born. In 1973,  Alexander Solzhenitsyn published “Gulag Archipelago,” an expose of the Soviet prison system. 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