Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO January 26th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
SECURE 2.0 Accidentally Dropped Catch-Ups, But Industry is On the Case
SECURE 2.0 Accidentally Dropped Catch-Ups, But Industry is On the Case
Legislators seem to have dropped a section from the final version of SECURE 2.0 that nullifies catch-up contributions in retirement plans, but an industry advocate has already called for a fix.
Benefits
Delta Pilots Emergency Savings Program
The airline has partnered with Fidelity Investments to run a program in which enrolled workers can earn up to $1,000 to seed an emergency savings account.
Most Read
Compliance
EBSA Head Lisa Gomez Says DOL Continues Honing Retirement Security Rule
Data and Research
Early Withdrawals Found to Exacerbate 401(k) Account Disparities Across Race, Gender
Ask the Experts
Are Roth Excess Deferrals Taxed Twice?
MARKET MIRROR
Wednesday, the Dow gained 9.88 points (0.03%) to close at 33,743.84, the Nasdaq lost 20.92 points (0.18%) to close at 11,313.36 and the S&P 500 lost 0.73 points (0.02%) to close at 4,016.22. The Russell 2000 gained 4.71 points (0.25%) to close at 1,890.32 and the Wilshire 5000 gained 6.65 points (0.02%) to close at 40,046.19.

The price of the 10-year Treasury note increased 1/32, bringing the yield to 3.448%. The price of the 30-year Treasury bond decreased 1/32, bringing the yield to 3.596%. 
Deals and People
MFS Investment Management Hires SECURE 2.0 Expert as Retirement Strategist
Industry research veteran Jeri Savage, previously at Goldman Sachs, joins to lead defined contribution plan efforts.
ONLINE SPECIAL COVERAGE
Cybersecurity for Retirement Plans
Cyberthreats are always growing and plan fiduciaries need to take myriad steps to mitigate the risks to participants and assets.
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 1837, Michigan became the 26th U.S. state admitted to the union. In 1892, Bessie Coleman, an aviator and the first African American woman to earn a pilot’s license, was born. In 1922, she became the first African American woman to stage a public flight in America. In 1944, Angela Davis, an American civil rights activist, was born. In 1950, India became a republic when it achieved full independence from the United Kingdom. In 1988, Andrew Lloyd Webber’s “The Phantom of the Opera,” a musical version of Gaston Leroux’s melodramatic novel, opened in New York City and went on to become the longest-running show in Broadway history. In 2005, President George W. Bush appointed Condoleezza Rice to the post of secretary of state, which made her the highest ranking African American woman ever to serve in a presidential cabinet. In 2020, retired basketball player Kobe Bryant—considered one of the sport’s greats after winning five National Basketball Association championships with the Los Angeles Lakers—died, along with daughter Gianna and seven others, in a helicopter crash at the age of 41.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon linkedin-in icon
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 400, Rockville, MD 20850