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PLANSPONSOR NEWSDASH LOGO March 14th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
Investing
DB Summit: Long-Term Investing
DB Summit: Long-Term Investing
Liability-driven investment, lump-sum distribution and de-risking options are all on the table, experts say.
Compliance
Ohio Judge Dismisses ERISA Lawsuit Against Grocery Chain
A retirement plan lawsuit that alleged excessive fees for recordkeeping against the Kroger grocery store chain was dismissed.
Most Read

2023 DC Survey Standouts
Administration
Understanding Investments and Fees: A Key Part of Plan Committee Education
Products
TIAA In-Plan Retirement Income Option Reaches $30B
MARKET MIRROR
Monday, the Dow lost 90.50 points (0.28%) to close at 31,819.14, the Nasdaq gained 49.96 points (0.45%) to close at 11,188.84 and the S&P 500 lost 5.83 points (0.15%) to close at 3,855.76. The Russell 2000 decreased 28.40 points (1.60%) to close at 1,744.30 and the Wilshire 5000 decreased 114.45 points (0.30%) to close at 38,264.73.

The price of the 10-year Treasury note increased 11/32, bringing the yield to 3.577%. The price of the 30-year Treasury bond decreased 1/32, bringing the yield to 3.716%.
Investing
Lower Liabilities Somewhat Offset by Equity Volatility in February
Overall, U.S. corporate pension funding levels experienced a slight increase last month.
EVENTS
SECURE 2.0 Webinar Series
Join PLANSPONSOR, PLANADVISER and a panel of industry experts on March 15, as they review SECURE 2.0 provisions related to employee financial wellness; ways plan sponsors can implement new benefits, and how advisers can help them; and how to determine the best benefits for a plan sponsor’s unique employee group.
Plan Progress Webinar: Retirement Income
Join PLANSPONSOR on March 16 for the first Plan Progress webinar of 2023 for a conversation with researchers from DCIIA to learn more about the characteristics of different retiree segments, how they spend in retirement, their preferences for retirement income and how plan sponsors can use the information as they search for the right plan provider.
SMALL TALK
In 1794, inventor Eli Whitney received a patent for the cotton gin. In 1826, the first Pan-American conference was convened in Panama with representatives from Mexico, Colombia, Peru and Central America in attendance. In 1879, German American physicist Albert Einstein, known for his groundbreaking theories of relativity, was born in Ulm, Germany. In 1883, historian and revolutionary Karl Marx, who wrote (with Friedrich Engels) The Communist Manifesto, died at age 64. In 1951, United Nations forces recaptured Seoul during the Korean War. In 1964, during the first courtroom verdict to be televised in the United States, Jack Ruby was found guilty of the murder of Lee Harvey Oswald, the purported assassin of U.S. President John F. Kennedy. In 1997, Simone Arianne Biles, an artistic gymnast, was born. Biles is the 2016 Olympic individual all-around, vault and floor gold medalist, balance beam bronze medalist and was part of the gold medal-winning team dubbed the “Final Five” at the 2016 Summer Olympics in Rio de Janeiro, Brazil. In 2018, English theoretical physicist Stephen Hawking, known for his work on the physics of black holes and for the book A Brief History of Time: From the Big Bang to Black Holes, died at age 76.
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