February 2nd, 2022 Insight on Plan Design & Investment Strategy Every Weekday Investing New Developments in Managed Accounts Lower fees, more services and new distribution methods might make managed accounts worth a new look for DC plan sponsors. Ask the Experts Special Grandfathered Compensation Limit for Rehires “I recently read your Ask the Experts column on the special/grandfathered 401(a)(17) compensation limit. My question is, if a qualified governmental plan participant was participating prior to 1/1/1996 but later retired and returned to participating employment in the same qualified plan, would that individual still be able to take advantage of the special/grandfathered limit?” 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 Economic Events Construction spending during December was estimated at a seasonally adjusted annual rate of $1,639.9 billion, 0.2% above the revised November estimate of $1,636.5 billion, the Census Bureau reported. The December figure is 9.0% above the December 2020 estimate of $1,504.2 billion. Market Mirror Tuesday, the Dow gained 273.38 points (0.78%) to finish at 35,405.24, the Nasdaq closed 106.12 points (0.75%) higher at 14,346.00, and the S&P 500 increased 30.99 points (0.69%) to 4546.54. The Russell 2000 was up 22.29 points (1.10%) at 2,050.74, and the Wilshire 5000 climbed 391.19 points (0.86%) to 45,807.66. The prices of the 10-year Treasury note and 30-year Treasury bond were each up 1/32, decreasing their yields to 1.795% and 2.113%, respectively. UpFront Older Participants Up Their Exposure to TDFs Participants in their 40s, 50s and 60s are increasingly saving in these investment vehicles. Equity ­Benefits Can Help Workers Meet Goals Company stock plans are proving themselves valuable to employees at all levels and their employer, too, research shows. Small Talk ON THIS DATE: In 1848, the Mexican War was ended with the signing of the Treaty of Guadalupe Hidalgo. The treaty turned over portions of land to the U.S., including Texas, New Mexico, Nevada, Utah, Arizona, California and parts of Colorado and Wyoming. The U.S. gave Mexico $15,000,000 and assumed responsibility of all claims against Mexico by American citizens. In 1887, Groundhog Day, featuring a rodent meteorologist, was celebrated for the first time at Gobbler’s Knob in Punxsutawney, Pennsylvania. In 1913, New York City’s Grand Central Terminal opened for the first time. In 1967, the American Basketball Association was formed by representatives of the NBA. In 1998, President Bill Clinton introduced the first balanced budget in 30 years. In 2014, Philip Seymour Hoffman, considered one of the most talented and versatile actors of his generation, died of an accidental drug overdose at age 46 in New York City. WEDNESDAY WISDOM: “If you aren’t fired with enthusiasm, you will be fired with enthusiasm.”—Vince Lombardi, former NFL football coach and executive 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