January 11th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Compliance DOL to Inquire If Regulatory Guidance Could Boost PEPs EBSA's agenda includes speaking with plan sponsors, service providers and plan participants; asking what regulators can do to help increase PEP growth. Compliance What Does SECURE 2.0 Do for RMDs and Catch-Up Contributions? The RMD change is straightforward, but the catch-up change, not as much. 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 186.45 points (0.56%) to close at 33,704.10, the Nasdaq gained 106.98 points (1.01%) to close at 10,742.63 and the S&P 500 gained 27.16 points (0.70%) to close at 3,919.25. The Russell 2000 increased 26.74 points (1.49%) to close at 1,822.65 and the Wilshire 5000 increased 302.17 points (0.78%) to close at 38,950.47. The price of the 10-year Treasury note increased 3/32, bringing the yield to 3.621%. The price of the 30-year Treasury bond increased 3/32, bringing the yield to 3.755%.  Administration USI Offers Employers Strategies for Addressing Impact of Rising Health-Care Costs The USI Insurance Services 2023 Employee Benefits Market Outlook Report outlined employer strategies to reduce the impact of rising health-care costs.   Deals and People MassMutual Promotes New CIO for General Investment Account Eric Partlan, MassMutual’s head of portfolio management, will replace retiring CIO Tim Corbett. ASK THE EXPERTS Does SECURE 2.0 Require Immediate Action by 403(b) Plan Sponsors? A little bird (actually, several little birds) informed me of the recent passage of major retirement plan legislation. Is there any immediate action I need to take as a 403(b) plan sponsor? Opinions Time for SECURE 3.0 America has a retirement crisis, and SECURE 2.0 takes some important steps to address it, but they are not enough.  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. 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? 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 1775, Francis Salvador, the first Jewish person to hold elected office in the Americas, joined the provincial congress of South Carolina. In 1861, Alabama seceded from the Union, the fourth state to do so in the run-up to the American Civil War. In 1908, Theodore Roosevelt declared the Grand Canyon a national monument. In 1964, U.S. Surgeon General Luther L. Terry announced that cigarette smoking was linked to lung cancer. In 1971, Major League Baseball’s American League adopted the designated hitter rule. In 2001, the U.S. Federal Communications Commission approved the merger of America Online and Time Warner, and AOL Time Warner (later shortened to Time Warner) stock began trading the next morning. 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 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