March 28th, 2024 Insight on Plan Design & Investment Strategy Every Weekday AWARDS Plan Sponsor of the Year Finalists Announced PLANSPONSOR is pleased to announce the finalists for the 2024 Plan Sponsor of the Year awards in the Corporate DC >$1B and Total Retirement Offering categories.  NOTE FROM THE EDITOR In observance of the Good Friday holiday on Friday, March 29, PLANSPONSOR is closed and there will not be an issue of the NEWSDASH. The newsletter will resume on Monday, April 1. Most Read Benefits SECURE 2.0: What’s Effective This Year and What Plan Sponsors Need for 2026 Benefits Plan Sponsors Move Forward (Slowly) With SECURE 2.0 Provisions Compliance Trader Joe’s 401(k) Plan Accused of Overinvesting in Single Fund, Mismanaging Forfeitures MARKET MIRROR Wednesday, the Dow rose 477.75 points (1.22%) to close at39,760.08, the Nasdaq rose 83.82 points (0.51%) to close at 16,399.52and the S&P 500 rose 44.91 points (0.86%) to close at 5,248.49. The Russell 2000 rose 44.19 points (2.13%) to close at 2,114.35, and the FT Wilshire 5000 Index rose 489.28points (0.93%) to close at 52,845.22. The 10-year Treasury note rose 4/32, bringing the yield to 4.192%. The 30-year Treasury rose 29/32, bringing the yield to 4.353%. Benefits Empower Sets Small-Plan Push as Plan-Creation Wave Predicted Research from Cerulli Associates forecasts nearly 40% growth in the number of 401(k) plans by 2030, based on federal and state efforts.  Feature Out of the Fog Many sponsors must get clearer on their fiduciary role, our survey finds. SMALL TALK ON THIS DATE: In 1854, France and England declared war on Russia, joining forces with the Ottoman Turks in the Crimean War. In 1890, bandleader Paul Whiteman was born. In 1920, motion-picture actors Mary Pickford and Douglas Fairbanks wed. In 1930, the Turkish city of Istanbul officially received its present name. It was built as Byzantium in about 657 B.C, then renamed Constantinople in the 4th century after Constantine the Great made the city his capital. In 1936, Peruvian author Mario Vargas Llosa, winner of the Nobel Prize for Literature, was born in Arequipa, Peru. 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 U.S., died at age 78. In 1979, at 4:00 a.m. an automatic valve mistakenly closed at the Three Mile Island nuclear power plant near Harrisburg, Pennsylvania, culminating in radioactive leakage. In 1985, Belorussian-born French painter, printmaker and designer Marc Chagall died at age 97. In 2004, English filmmaker, writer and humanitarian Sir Peter Ustinov died at age 82. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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