March 28th, 2023 Insight on Plan Design & Investment Strategy Every Weekday AWARDS More Plan Sponsor of the Year Finalists Announced! PLANSPONSOR is pleased to announce the 2023 Plan Sponsor of the Year finalists in the Nonprofit DC <$300MM and Nonprofit DC $300MM and Greater categories. Stay tuned for more announcements this week. Data and Research What Will Retirement Plan Access, and Employer Benefits Look Like in 2026? Industry experts polled for Transamerica research expect a wide range of financial well-being benefits will be common by 2026. 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 Monday, the Dow gained 194.55 points (0.60%) to close at 32,432.08, the Nasdaq lost 55.12 (0.47%) to close at 11,768.87 and the S&P 500 gained 6.54 points (0.16%) to close at 3,977.53. The Russell 2000 gained 18.75 points (1.08%) to close at 1,753.67 and the Wilshire 5000 gained 116.10 points (0.30%) to close at 39,375.45. The price of the 10-year Treasury note decreased 1 25/32, bringing the yield to 3.536%. The price of the 30-year Treasury bond decreased 2 0/32, bringing the yield to 3.762%. Compliance NAGDCA Says Government Plans Need More Time to Comply With SECURE 2.0 Age-60 catch-ups and Roth provisions will be especially difficult for government plans to implement. Deals and People John Hancock Names Park to Head US Retirement Business The new CEO arrives from American Century Investments to replace Sue Reibel, who retired at the end of 2022. Mercer’s Barb Marder Will Replace Lori Lucas as EBRI CEO EBRI announced its new CEO and president, Barb Marder, and emphasized the importance of data usability. Benefits Rising Health Care Costs Should Set Off Alarm Bells for Plan Sponsors, Study Shows While employers are being challenged to absorb high health benefit costs, inflation is placing a burden on employees’ ability to afford health care, a new Mercer study reveals.  SMALL TALK ON THIS DATE: In 1774, upset by the Boston Tea Party and other acts of destruction of British property by American colonists, British Parliament enacted the Coercive Acts, better known in the American colonies as the Intolerable Acts. In 1834, President Andrew Jackson was censured by Congress for refusing to turn over documents. Jackson was the first president to be censured by Congress. In 1939, Francisco Franco, leader of the Nationalist forces during the Spanish Civil War, captured the capital city of Madrid en route to his overthrow of the democratic Spanish republic. In 1969, Dwight D. Eisenhower, the 34th president of the United States, died at age 78. In 1979, an automatic valve mistakenly closed at the Three Mile Island nuclear power plant near Harrisburg, Pennsylvania, resulting in radioactive leakage. In 1984, Bob Irsay, owner of the Baltimore Colts, moved the team to Indianapolis, Indiana, without any public announcement. Irsay hired movers to pack up the team’s offices in Owings Mills, Maryland, in the middle of the night. In 1990, Jesse Owens was posthumously awarded the Congressional Gold Medal by President George H. W. Bush. Owens won four gold medals at the 1936 Olympics in Berlin, Germany.   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