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Plan Sponsors Still Aren’t Embracing ETFs
Plan Sponsors Still Aren’t Embracing ETFs
Many defined contribution plan sponsors are focusing on lower fees, which is a selling point for exchange-traded funds, but there are other ways sponsors can cut costs.
Nominations for Plan Adviser of the Year Open
PLANSPONSOR’s sister publication PLANADVISER is soliciting your help in identifying the best retirement plan advisers in the country. If you work with or for, or know of, a great plan adviser or plan adviser team, please help us recognize the best in the business. Nominations for the 2022 PLANADVISER Retirement Plan Adviser of the Year awards are now being accepted in six categories: Plan Sponsor Service; Plan Participant Service; Mentorship; Efforts in Diversity, Equity and Inclusion (DEI); Community Impact and Giving Back; and Closing the Coverage Gap. Advisers and adviser teams can be nominated by clicking on this link.
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Data and Research
Student Loan Repayments Expected to Derail Employees’ Retirement Savings
Social Security Administration Cannot Calculate 2024 COLA if Government Shuts Down
Data and Research
Defined Contribution Plans Climb for 4th Straight Quarter
Market Mirror
Yesterday, the Dow gained 406.39 points (1.17%) to finish at 35,131.86, the Nasdaq climbed 469.31 points (3.41%) to 14,239.88, and the S&P 500 closed 83.70 points (1.89%) higher at 4,515.55. The Russell 2000 increased 59.94 points (3.05%) to 2,028.45, and the Wilshire 5000 surged 1,016.05 points (2.29%) to 45,416.48.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.780%. The price of the 30-year Treasury bond decreased 29/32, bringing its yield up to 2.109%.
DOL Targets NYC Courier in ERISA Breach Lawsuit
The defendants are accused of failing to remit employee contributions to the company 401(k) profit sharing plan.
IRS Issues 2022 Cumulative List for 403(b) Plans
It identifies changes in the requirements of Section 403(b) of the Internal Revenue Code that the agency will take into account during the second remedial amendment cycle.
Small Talk
ON THIS DATE: In 1790, the U.S. Supreme Court convened for the first time in New York City. In 1862, “The Battle Hymn of the Republic,” by Julia Ward Howe was first published in the “Atlantic Monthly.” In 1884, the first portion, or fascicle, of the Oxford English Dictionary (OED), considered the most comprehensive and accurate dictionary of the English language, was published. In 1898, the Travelers Insurance Company of Hartford, Connecticut, issued the first automobile insurance policy. Dr. Truman Martin of Buffalo, New York, paid $11.25 for the policy, which gave him $5,000 in liability coverage. In 1913, Grand Central Terminal (also known as Grand Central Station) opened in New York City. It was the largest train station in the world. In 1919, the first Miss America was crowned in New York City. In 1930, The New York Times published its first crossword puzzle. In 1946, Norwegian statesman Trygve Lie was chosen to be the first secretary-general of the United Nations. In 1960, in Greensboro, North Carolina, four Black college students sparked a nationwide civil rights movement by refusing to leave a “whites-only” lunch counter at a popular retail store after they are denied service. In 1978, antislavery crusader and Civil War veteran Harriet Tubman became the first African American woman to appear on a U.S. postage stamp, the first in the Post Office’s Black Heritage Series. In 2003, NASA’s space shuttle Columbia exploded while re-entering the Earth’s atmosphere. All seven astronauts on board were killed.
TUESDAY TRIVIA: Who first wore high-heeled shoes?
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