January 31st, 2023 Insight on Plan Design & Investment Strategy Every Weekday Compliance 25 States Bring Suit Against ESG Regulation The DOL’s new rule on ESG, which takes effect today, is being challenged by a range of actors in a lawsuit filed last week. Compliance What Can Annuities Gain From Secure 2.0 Act? The law offers some minor changes, but some sections do result in increased availability and flexibility for annuities. 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 ECONOMIC EVENTS Monday, the Dow decreased 260.99 points ((0.77%) to close at 33,717.09, the Nasdaq decreased 227.90 points (1.96%) to close at 11,393.82 and the S&P 500 fell 52.79 points (1.30%) to close at 4,017.77. The Russell 2000 fell 25.74 points (1.35%) to close at 1,885.72 and the Wilshire 5000 lost 553.58 points  (1.36%) to close at  40,084.66. The price of the 10-year Treasury note was unchanged, bringing the yield to 3.538%. The price of the 30-year Treasury bond increased 1/32, bringing the yield to 3.651% TOTAL BENEFITS In Case of Emergency Should ‘ESAs’ become a core employee benefit? DEALS AND PEOPLE Enter Now for PLANADVISER’s 2023 Top Retirement Plan Advisers List PLANADVISER is accepting entry forms for its listing of top retirement plan advisers.  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 1865, the 13th Amendment to the U.S. Constitution abolishing slavery was passed by the House of Representatives. In 1958, Explorer 1 was the first artificial space satellite orbited by the U.S., marking the country’s entry into the space race. In 1966, the Soviet Union launched Luna 9, the first spacecraft to make a soft landing on the Moon. In 1988, Doug Williams of the Washington Football Team became the first African-American quarterback to play in a Super Bowl. He scored four of Washington’s five touchdowns in an upset 42-10 victory over the Denver Broncos in Super Bowl XXII. In 1990, the Soviet Union’s first McDonald’s fast-food restaurant opened in Moscow. Throngs of people lined up to pay the equivalent of several days’ wages for Big Macs, shakes and French fries. In 2020, the United Kingdom formally left the European Union, more than three years after the country voted for “Brexit.” 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