February 8th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Compliance 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 IRS Proposes Regulations for Changes to SECURE 2.0 RMDs Opinions Encouraging Trends in 401(k) Plan Design Compliance What Increased Health Plan-Related Scrutiny Means for Plan Sponsors 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. 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