January 25th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Compliance TIAA Class Action Reversal May Impose Significant Procedural Hurdle for Future Cases The 2nd Circuit Court of Appeals’ reversal of class certification will likely make it more difficult for ERISA class action lawsuits. Compliance Fluor ERISA Lawsuit Dismissed District Judge allowed one plaintiff 28 days to submit an amended complaint. 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 Tuesday, the Dow gained 104.4 points (0.31%) to close at 33,733.96, the Nasdaq fell 30.14 points (0.27%) to close at 11,334.27 and the S&P 500 fell 2.86 points (0.07%) to close at 4,016.95. The Russell 2000 fell 5.16 points (0.27%) to close at 1,885.61 and the Wilshire 5000 dropped 48.84 points (0.12%) to close at 40,039.54. The price of the 10-year Treasury note decreased 2/32, bringing the yield to 3.460%. The price of the 30-year Treasury bond fell 3/32, bringing the yield to 3.608%.  UpFront Words Worth 1,000 Pictures Images are fine, but to get the retirement-saving message across, use words, a study says. ASK THE EXPERTS How Does SECURE 2.0 Affect The Due Date for SECURE and CARES Act Plan Amendments? I read your recent Ask the Experts column on the due date for SECURE and CARES Act plan amendments. Has any of this changed, now that the SECURE 2.0 Act has become law? 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 1776, the Continental Congress authorized the first national Revolutionary War memorial in honor of Brigadier General Richard Montgomery, who died during an assault on Quebec in 1775. In 1905, at the Premier Mine in Pretoria, South Africa, a 3,106-carat diamond was discovered during a routine inspection by the mine’s superintendent. Weighing 1.33 pounds, and christened the “Cullinan,” it is the largest diamond ever found. In 1949, the first Emmy Awards were presented; there were only six categories, and nominated shows were limited to those that aired in the Los Angeles area. In 1961, President John F. Kennedy became the first president to hold a live televised news conference. In 1971, criminal and cult leader Charles Manson and three of his followers were convicted of a series of notorious murders; their crimes inspired the best-selling book “Helter Skelter.” In 1972, Congresswoman Shirley Chisholm announced her presidential bid: she was the first major-party African American candidate for president and the first woman to run for the Democratic nomination. In 2017, actress Mary Tyler Moore, who helped redefine the portrayal of women on TV with her roles in the comedies “The Dick Van Dyke Show”  and “The Mary Tyler Moore Show,” died in Greenwich, Connecticut. 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