March 15th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Self-Directed Account Balances Rise in Q4 Average balances increased in the fourth quarter, according to the Charles Schwab report on employees invested in the Schwab Personal Choice Retirement Account.   Compliance What the SEC is Scrutinizing in Its Marketing Rule Exams Industry experts and SEC officials discuss what plan sponsors should know about how the regulator will consider investment performance claims.  Most Read Administration IRS Private Letter Ruling Allows Employer to Increase Plan Design Flexibility Benefits IBM Completes $6B Pension Risk Transfer with Prudential Compliance IRS Reminds Plan Sponsors of Plan Amendment Deadlines ECONOMIC EVENTS The Consumer Price Index rose 0.4% in February on a seasonally adjusted basis, after increasing 0.5 percent in January, the U.S. Bureau of Labor Statistics reported Tuesday. Over the last 12 months, the all–items index increased 6% before seasonal adjustment.  MARKET MIRROR Tuesday, the Dow gained 336.26 points (1.06%) to close at 32,155.40, the Nasdaq gained 239.31 points (2.14%) to close at 11,428.15 and the S&P 500 gained 64.80 points (1.68%) to close at 3,920.56. The Russell 2000 increased 32.59 points (1.87%) to close at 1,776.89 and the Wilshire 5000 increased 643.28 points (1.68%) to close at 38,908.02. The price of the 10-year Treasury note decreased 31/32, bringing the yield to 3.690%. The price of the 30-year Treasury bond fell 1 28/32, bringing the yield to 3.807%. ASK THE EXPERTS What Does SECURE 2.0 Say About Participants Replenishing an Emergency Savings Account? Q: For the new Emergency Savings Accounts, I realize that contributions are limited to $2,500 unless the plan sponsor elects a lower limit. But do distributions impact this limit? In other words: Could a participant replenish an ESA after taking a distribution? Investing 2023 DB Summit: Factors in DB Plan Decisionmaking To keep the defined benefit plans active or not? That is the question for many plan sponsors. 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. ON THIS DATE In 44 BC, Roman Emperor Julius Caesar was assassinated, remembered as the Ides of March. In 1493, Christopher Columbus returned to Spain after his first New World voyage. In 1820, Maine was admitted as the 23rd state of the Union. In 1892, New York State unveiled the new automatic ballot voting machine. In 1933, Supreme Court Justice Ruth Bader Ginsburg was born. In 1938, oil was discovered in Saudi Arabia. In 1968, the U.S. mint halted the practice of buying and selling gold. In 2019, more than 1.5 million students participated in climate change protests around the world as part of a movement started by Swedish environmental activist Greta Thunberg.   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