January 10th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Compliance Plan Creation in a Post-SECURE 2.0 World SECURE 2.0 creates new tax credits and requires automatic features that will shape plan creation going forward. Compliance National Bank Parent Company Hit with ERISA Complaint Plaintiffs have alleged excessive fees for recordkeeping and administrative services and for an available managed account in a retirement plan lawsuit against U.S. Bancorp. 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 MARKET MIRROR Monday, the Dow lost 112.96 points (0.34%) to close at 33,517.65, the Nasdaq gained 66.36 points (0.63%) to close at 10,635.65 and the S&P 500 lost 2.99 points (0.08%) to close at 3,892.09 The Russell 2000 gained 3.11 points (0.17%) to close at 1,795.91 and the Wilshire 5000 gained 17.61 points (0.05%) to close at 38,648.30. The price of the 10-year Treasury note fell 1/32, bringing the yield to 3.538%. The price of the 30-year Treasury bond fell 1/32, bringing the yield to 3.659%. DEALS AND PEOPLE Investment Service and Product Launches RightCapital adds SECURE 2.0 update to financial adviser planning platform; NFP Starts Human Capital Solutions Practice; and more. Deals and People 2023 Plan Sponsor of the Year Nominations Are Open Do you know of or work for a plan sponsor that goes above and beyond to make retirement security a reality for employees? AWARDS Last Week for Retirement Plan Adviser of the Year Nominations We need your help in identifying the best retirement plan advisers in the country. If you work with a great plan adviser or plan adviser team, nominate them to be recognized in the 2023 PLANADVISER Retirement Plan Adviser of the Year awards program. Nominations for the Plan Sponsor Service and Plan Adviser Service categories can only come from plan sponsor clients, so it is up to you to make their excellence known. SURVEYS CIO’s Transition Management Survey Are you a provider of transition management services and want to make your services known to institutional investors? If so, you are invited to respond to CIO’s Transition Management Survey. SMALL TALK ON THIS DATE: In 1861, Florida seceded from the Union and in February 1861 joined the Confederacy. In 1946, the first United Nations General Assembly met in London. In 1984, the United States and the Vatican established diplomatic relations after a 117-year break. In 1999, the first episode of The Sopranos aired on HBO. In 2000, America Online Inc. announced plans to acquire Time Warner Inc. for $182 billion in stock and debt. In 2001, American Airlines agreed to acquire most of Trans World Airlines’ assets for about $500 million. In 2016, British singer, songwriter, and actor David Bowie died in New York City. 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