NewsDash – January 8, 2025

January 8th, 2025
Insight on Plan Design & Investment Strategy Every Weekday

Compliance

Industry Groups Urge Supreme Court to Uphold Decision to Prevent Frivolous Lawsuits

The Supreme Court will hear a case against Cornell University to resolve a split among circuit courts on whether a plaintiff must argue that more than a ‘prohibited transaction’ has occurred to survive a motion to dismiss.

Administration

The Why, What and How of Plan Benchmarking

A review of some of the methods and mechanisms retirement plan sponsors can use to determine how their plan’s costs measure up.

Most Read

Compliance
DOL Makes Improvements to Voluntary Fiduciary Correction Program

Compliance
IRS Provides Relief for Participants Impacted by California Wildfires

Compliance
Sentara Healthcare Sued Over ‘Underperforming’ Stable Value Investment Option

MARKET MIRROR

Tuesday, the Dow fell 178.20 points (0.42%) to close at 42,528.36, the Nasdaq fell 375.30 points (1.89%) to close at 19,489.68 and the S&P 500 fell 66.35 points (1.11%) to close at 5,909.03. The Russell 2000 fell 16.84 points (0.74%) to close at 2,249.80, and the FT Wilshire 5000 Index fell 659.83 points (1.10%) to close at 59,317.18.

The 10-year Treasury note decreased 4/32, bringing the yield to 4.686%. The 30-year Treasury bond decreased 30/32, bringing the yield to 4.913%.

Compliance

PBGC Names Anne Henderson as New Participant and Plan Sponsor Advocate

Henderson, on January 12, will succeed Constance Donovan, who retired in August after 11 years.

Ask the Experts

Has Anything Changed for Completing Plan Participants’ W-2 Forms?

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

SMALL TALK

ON THIS DATE: In 1918, President Woodrow Wilson announced his Fourteen Points, an outline for peace following World War I. In 1935, singer and actor Elvis Presley was born in Tupelo, Mississippi. In 1942, English theoretical physicist Stephen Hawking, who developed a theory of exploding black holes that drew upon both relativity theory and quantum mechanics, was born. In 1997, the principality of Monaco began a yearlong celebration in honor of the 700th anniversary of the rule of the Grimaldi family, who seized power in 1297 and gained firm possession of Monaco in 1419. In 1998, Ramzi Ahmed Yousef, convicted of plotting the 1993 terrorist bombing of the World Trade Center in New York, was sentenced to life in prison. In 2011, U.S. Representative Gabby Giffords, D-Arizona, was shot during an assassination attempt; although she survived, six others were killed. In 2016, Mexican criminal Joaquín “El Chapo” Guzmán, head of the Sinaloa drug cartel, was captured in Los Mochis after escaping prison, via tunnel that was almost a mile long, some six months earlier; he was extradited to the U.S., where he was convicted of various crimes.

Industry Intel Roundup—Thought Leadership

PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.