January 5th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Employers Have Enhanced Well-Being Programs, Not Added Annuities Employers have embraced 401(k) plan benefits changes for 2023 but have avoided certain enhancements provided by the original SECURE Act. Compliance California Food Processing Firm Sued for Alleged ERISA Violations Participants of a retirement plan sponsored by Ventura Foods allege that Ventura’s mismanagement cost their retirement savings significantly. 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 MARKET MIRROR Wednesday, the Dow increased 133.40 points (0.40%) to close at 33,269.77, the Nasdaq increased 71.78 points (0.69%) to close at 10,458.76 and the S&P 500 gained 28.83 points (0.75%) to close at 3,852.97. The Russell 2000 gained 21.81 points (1.25%) to end trading at 1,772.54 and the Wilshire 5000 gained 309.24 points (0.82%) to close at 38,209.49. The price of the 10-year Treasury note increased 5/32, bringing the yield to 3.686%. The price of the 30-year Treasury bond increased 30/32, bringing the yield to 3.800%.  Fiduciary Forum DB Plan Investments Fiduciaries may look to alternative financial assets vs. mutual funds Inside Angle Recordkeeper Sales Tactics A court interprets rollover practices and the use of plan data. Deals and People 2023 Plan Adviser of the Year Nominations Are Open Do you work with or know of a great plan adviser or plan adviser team? 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? 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 1643, in the first record of a legal divorce in the American colonies, Anne Clarke of the Massachusetts Bay Colony was granted a divorce from her absent and adulterous husband, Denis Clarke, by the Quarter Court of Boston, Massachusetts. In 1869, Matilda Sissieretta Joyner Jones (known as Sissieretta Jones), an opera singer, was born. At age 23, she became the first African American performer to appear at the venue that became known as Carnegie Hall. In 1920, the New York Yankees announced the team purchased Babe Ruth from the Boston Red Sox for $125,000. In 1925, Nellie Tayloe Ross was sworn in as governor of Wyoming. She was the first woman governor in the United States. In 1931, dancer and choreographer Alvin Ailey, Jr., was born in Rogers, Texas. In 1933, construction began on the Golden Gate Bridge. In 1980, the Sugarhill Gang’s “Rapper’s Delight” became hip-hop’s first Top 40 hit. 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