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PLANSPONSOR NEWSDASH LOGO February 8th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
NHL Players’ Union Will Reportedly Hire DOL Secretary Marty Walsh
NHL Players’ Union Will Reportedly Hire DOL Secretary Marty Walsh
Walsh is expected to leave the DOL to lead the NHLPA.
Compliance
Nonprofit Nemours Foundation Faces 403(b) Lawsuit
Florida-based nonprofit operator of children’s hospital is alleged to have charged excessive fees to retirement plan participants.
Most Read
Compliance
Humana Inc. Defeats Class Action Claims of Excessive 401(k) Fees
Benefits
Rhode Island Becomes 20th State to Pass Retirement Savings Program
Compliance
Wells Fargo Targeted in New 401(k) Forfeiture Lawsuit
MARKET MIRROR
Tuesday, the Dow gained 265.67 points (0.78%) to close at 34,156.69, the Nasdaq gained 226.34 points (1.90%) to close at 12,113.79 and the S&P 500 gained 52.92 points (1.29%) to close at 4,164.00. The Russell 2000 gained 14.89 points (0.76%) to close at 1,972.61 and the Wilshire increased 496.58 points (1.21%) to close at 41,584.43.

The price of the 10-year Treasury note decreased 3/32, bringing the yield 3.677%. The price of the 30-year Treasury bond decreased 7/32, bringing the yield to 3.715%.  
ASK THE EXPERTS
Can Participants Elect to Designate Employer Contributions as Roth or Pretax?
I heard that SECURE 2.0 allows participants the ability to elect whether their EMPLOYER contributions are pretax or Roth. Is this true, and can we as a plan sponsor take action to do this right away?
PARTICIPANTS
Special Coverage: Communications
Effective retirement plan communications means finding the right message, the appropriate channels and the level of detail when sharing benefit information.
SMALL TALK
ON THIS DATE: In 1861, the Confederate States of America was formed by seven slave states—South Carolina, Mississippi, Florida, Alabama, Georgia, Louisiana and Texas—Kentucky and Missouri were also represented in the Confederate Congress. In 1887, President Grover Cleveland signed the Dawes Act, also known as the General Allotment Act, which ended tribal control of Native American reservations and divided land into individual holdings. In 1986, 5-foot-6 Spud Webb, who was one of the shortest players in the history of professional basketball, won the NBA Slam Dunk Contest, by beating his Atlanta Hawks teammate and the 1985 dunk champ, 6-foot-8 Dominique Wilkins.
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