January 19th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Plan Sponsors Can Extend Retirement Benefits With Decoupling Arrangements Large and small employers might consider the potential to broaden retirement plan coverage through the benefits of new plan designs that share responsibility with third-party entities, according to a new issue brief.    Awards Plan Sponsor of the Year Award Nominations Close Friday Time is running out for you to nominate a plan sponsor to be recognized with our annual Plan Sponsor of the Year awards program. Nominees will be sent an entry form to complete, finalists will be announced at the beginning of March and profiles of finalists will be featured in the April/May PLANSPONSOR print magazine, so deadlines are tight. Please take the time to enter your nomination(s) by the January 21 deadline. 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 Yesterday, the Dow dropped 543.34 points (1.51%) to 35,368.47, the Nasdaq fell 386.86 points (2.60%) to 14,506.90, and the S&P 500 closed 85.74 points (1.84%) lower at 4,577.11. The Russell 2000 decreased 66.23 points (3.06%) to 2,096.23, and the Wilshire 5000 plunged 962.31 points (2.04%) to 46,141.13. The price of the 10-year Treasury note decreased 29/32, bringing its yield up to 1.877%. The price of the 30-year Treasury bond fell 1 5/32, increasing its yield to 2.196%. Compliance ERISA Litigation Continues in the New Year In court filings last week, fiduciaries of retirement plans at PPL Corp. and Mass Brigham General were accused of failing to ensure fees were reasonable. Data and Research CalSavers Reports Success in Boosting Retirement Savings for Employees Its 2021 year in review report says the state-run retirement program has a steady 70% participation rate, and 95% of savers opted into an automatic contribution increase. Small Talk With their nominations to Lake Superior State University (LSSU)’s annual tongue-in-cheek “Banished Words List,” people from around the world sent a message to be accurate and concise and avoid error in and exploitation of everyday language. More than 1,000 of the 1,250-plus nominations of words and terms people want to see banished for misuse, overuse and uselessness for 2022 were colloquial. The No. 1 offender was “Wait, what?” ON THIS DATE: In 1809, poet, author and literary critic Edgar Allan Poe was born in Boston. In 1840, during an exploring expedition, Captain Charles Wilkes sighted the coast of eastern Antarctica and claimed it for the United States. In 1861, Georgia seceded from the Union. In 1883, Thomas Edison’s first village electric lighting system using overhead wires began operation in Roselle, New Jersey. In 1915, George Claude, of Paris, France, patented the neon discharge tube for use in advertising signs. In 1949, the salary of the President of the United States was increased from $75,000 to $100,000 with an additional $50,000 expense allowance for each year in office. In 1952, Professional Golfers Association President Horton Smith announced that a seven-man committee “almost unanimously” voted to allow Black golfers to compete in PGA co-sponsored events. In 1972, 36-year-old Sandy Koufax, the former Los Angeles Dodgers star, became the youngest player elected to the Baseball Hall of Fame. In 1981, the U.S. and Iran signed an agreement paving the way for the release of 52 Americans held hostage for more than 14 months and for arrangements to unfreeze Iranian assets and to resolve all claims against Iran. In 2006, NASA’s New Horizons spacecraft was launched. The mission was the first to investigate Pluto. In 2013, in Scottsdale, Arizona, the original Batmobile for the TV series “Batman” sold at auction for $4.6 million. It was the first of six Batmobiles produced for the show. WEDNESDAY WISDOM: “There are lots of people who mistake their imagination for their memory.”—Josh Billings, the pen name of 19th-century American humorist Henry Wheeler Shaw 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