March 8th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Administration Understanding PRT: A Checklist for Implementing a Pension Risk Transfer Experts discuss the various elements to consider before implementing a pension risk transfer to help ensure its success. Compliance Bill Would Bar U.S. Institutional Investors From Russia The bill cites vulnerable pension and participant retirement fund exposure to Russia assets. Most Read Administration From Auto-IRAs to PEPs: How Small Employers Can Offer Retirement Savings Compliance Bristol-Myers Squibb, State Street Targeted in Lawsuit Over PRT Administration No Matter How Small, Businesses Have Retirement Plan Options Market Mirror Yesterday, the Dow dropped 797.42 points (2.37%) to 32,817.38, the Nasdaq fell 482.48 points (3.62%) to 12,830.96 and the S&P 500 lost 127.78 points (2.95%) to finish at 4,201.09. The Russell 2000 closed 49.57 points (2.48%) lower at 1,951.33, and the Wilshire 5000 plunged 1,347.53 points (3.10%) to 42,188.23. The price of the 10-year Treasury note decreased 26/32, bringing its yield up to 1.777%. The price of the 30-year Treasury bond was down 9/32, increasing its yield to 2.201%. Compliance Yale Agrees to Settle Lawsuit Over Wellness Program Incentive The university has agreed to cease collecting what the lawsuit calls the ‘penalty’ for nonparticipation for a period of four years. Court Dismisses ERISA Actuarial Equivalence Lawsuit The ruling, issued in favor of Partners Healthcare System, offers a substantial legal analysis of ERISA’s requirements as they pertain to the actuarial equivalence of different types of defined benefit pension annuities. Small Talk ON THIS DATE: In 1910, in France, Baroness de Laroche became the first woman to obtain a pilot’s license. In 1911, in Europe, International Women’s Day was celebrated for the first time. In 1945, Phyllis Mae Daley received a commission in the U.S. Navy Nurse Corps. She later became the first African American nurse to serve duty in World War II. In 1948, the U.S. Supreme Court ruled that religious instruction in public schools was unconstitutional. In 2014, Malaysia Airlines Flight 370, carrying 227 passengers and 12 crew members, lost contact with air traffic control less than an hour after taking off from Kuala Lumpur then veered off course and disappeared. Most of the plane, and everyone on board, were never seen again. TUESDAY TRIVIA: Which freezes faster, hot or cold water? 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