January 3rd, 2023 Insight on Plan Design & Investment Strategy Every Weekday Compliance It’s Official: SECURE 2.0 Is the Law After many months of debate and concern that SECURE 2.0 might not pass, it has been signed into law by President Biden. Compliance 403(b) Plans Will Continue to Act More Like 401(k)s with SECURE 2.0 Changes Plan sponsors offering 403(b) plans may be able to operate them more like 401(k)s after SECURE 2.0, according to experts. Most Read Compliance 2025 Retirement Outlook Includes Tax Reforms, Cryptocurrency and Litigation Reform Compliance ERIC Files Lawsuit to Invalidate Final Rules on Mental Health Parity Ask the Experts Do New-Plan Auto-Enrollment Rules Apply to Existing Employees? ECONOMIC EVENTS Today, the Census Bureau will report construction spending for November. Thursday, the Department of Labor will issue its initial jobless claims report and Freddie Mac will update average mortgage rates for the week. Friday, the Department of Labor will report nonfarm payroll employment and the unemployment rate for December, and the Census Bureau will report factory orders for November. MARKET MIRROR Friday, the Dow lost 73.55 points (0.22%) to close at 33,147.25, the Nasdaq lost 11.61 points (0.11%) to close at 10,466.48 and the S&P 500 lost 9.78 points (0.25%) to close at 3,839.50. The Russell 2000 lost 5.00 points (0.28%) to close at 1,761.25 and the Wilshire 5000 decreased 85.40 points (0.22%) to end trading at 38,073.94. The price of the 10-year Treasury note decreased 27/32, bringing the yield up to 3.880%. The price of the 30-year Treasury bond decreased 1 2/32, bringing the yield up to 3.972%. For the week ending December 30, the Dow lost 0.17%, the Nasdaq decreased 0.30% and the S&P 500 lost 0.14%. The Russell 2000 gained 0.02% and the Wilshire 5000 finished 0.10% lower.    Administration Plan Design Features ‘Moving the Needle’ for Workers’ Retirement Re-enrollment and auto-sweeps can result in greater savings rates. Compliance What Is a Student Loan Match and How Can I Start One? In 2024, sponsors will be able to match their participants’ student loan payments. But how? Fiduciary 401(k) Breach Claims Against Milliman Will Proceed A federal judge ruled against a Milliman Inc. motion to dismiss fiduciary breach allegations that it failed to prudently choose and monitor 401(k) plan investments. The SEC Might Mandate Swing Pricing for Most Funds The comment period for the proposal is open until February 4 and would require a hard close, swing pricing and a 10% minimum in highly liquid assets. PRODUCTS Investment Service and Product Launches Fintech Save starts ESG-focused savings program; ConsumerTrack now officially GoBankingRates; Bitget launches new crypto trading platform; 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? 2023 Plan Adviser of the Year Nominations Are Open Do you work with or know of a great plan adviser or plan adviser team? 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 1521, Pope Leo X issued the papal bull ‘Decet Romanum Pontificem,’ which excommunicated Martin Luther from the Catholic Church. In 1777, the Battle of Princeton was fought during the American Revolution; the clash, following the famous crossing of the Delaware River and the Battle of Trenton, marked the first victory for U.S. general George Washington in the open field. In 1924, two years after British archaeologist Howard Carter and his workers discovered the tomb of the Pharaoh Tutankhamen near Luxor, Egypt, they uncovered the greatest treasure of the tomb—a stone sarcophagus containing  solid gold coffin that holds the mummy of Tutankhamen. In 1959, Alaska became the 49th U.S. state. In 1973, a 12-member group headed by George Steinbrenner purchased the New York Yankees for $10 million from the Columbia Broadcasting System, which had owned the team since 1964. In 1977, Apple was incorporated by Steve Jobs and Steve Wozniak. In 2001, Hillary Clinton was sworn in as a U.S. senator from New York, becoming the first presidential spouse in U.S. history to win elective office. In 2004, NASA’s Mars Exploration Rover-2, known as Spirit, landed on Mars to study the chemical and physical composition of the planet’s surface.  Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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