February 9th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Lower-Income Workers Benefit the Most From Auto-Portability Research suggests that keeping retirement plan savings in tax-advantaged accounts, using auto-portability, can help to close the wealth gap. Ask the Experts Maximum Deferral When a 401(a), 403(b) and 457(b) Are Offered “Our public university sponsors a 401(a) defined contribution plan, as well as 403(b) and 457(b) plans. The majority of our employees are eligible for all three. What is the maximum elective deferral that an employee eligible for all three plans can make for 2022?” Most Read Compliance Churchill Holdings ESOP Participants Sue Compliance Pilot Claims American Airlines Prioritized ‘Underperforming’ ESG Funds Ask the Experts When Does a New Plan Have to Meet SECURE 2.0 Mandates? Market Mirror Tuesday, the Dow gained 371.65 points (1.06%) to finish at 35,462.78, the Nasdaq closed 178.79 points (1.28%) higher at 14,194.46, and the S&P 500 increased 37.67 points (0.84%) to 4,521.54. The Russell 2000 was up 32.77 points (1.63%) at 2,045.37, and the Wilshire 5000 climbed 436.27 points (0.97%) to 45,572.02. The price of the 10-year Treasury note decreased 26/32, bringing its yield up to 1.963%. The price of the 30-year Treasury bond fell 30/32, increasing its yield to 2.260%. Data and Research HSA Enrollment Trends Expected to Reverse EBRI cites studies that show enrollment in HSA-eligible health plans has slowed and is now decreasing.   Having a Written Financial Plan Improves Savings and Asset Allocation Research suggests written plans might especially help low- to moderate-income employees save more. Small Talk Financial stability is important in a mate. Respondents to two surveys weigh in on how long it takes to be comfortable talking about finances and the worst type of money problems for relationships. ON THIS DATE: In 1773, future President William Henry Harrison was born on the Berkeley Plantation in Virginia. In 1825, as no presidential candidate received a majority of electoral votes in the election of 1824, the U.S. House of Representatives voted to elect John Quincy Adams, who won fewer votes than Andrew Jackson in the popular election, as president of the United States. In 1861, the Provisional Congress of the Confederate States of America elected Jefferson Davis as its president. In 1870, the United States Weather Bureau was authorized by Congress. The bureau is officially known as the National Weather Service (NWS). In 1942, daylight-saving “War Time” went into effect in the U.S. In 1960, the official groundbreaking ceremony was held for the Hollywood Walk of Fame. The first star to be dedicated on the historic walkway belonged to the actress Joanne Woodward, an Academy Award winner for The Three Faces of Eve (1957). In 1964, America met the Beatles on “The Ed Sullivan Show.” In 1971, pitcher Leroy “Satchel” Paige became the first Negro League veteran to be nominated for the Baseball Hall of Fame. In 1997, “The Simpsons” became the longest-running prime-time animated series. “The Flintstones” held the record previously. WEDNESDAY WISDOM: “Love implies anger. The [person] who is angered by nothing cares about nothing.”—Edward Abbey, American author and environmental activist Industry Intel Roundup—Thought Leadership PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise ©2023 Asset International Inc. All rights reserved. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850