May 10th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Administration How Social Media Influences Plan Sponsors’ Participant Communications The critical mission of educating younger employees about retirement investing requires different engagement tactics than in the past. Products New Firm Seeks to Advise Plan Sponsors on How to Incorporate Annuities The fiduciary consultant is offering consulting and education for plan sponsors and participants on integrating annuities into 401(k) plans. Most Read Compliance California District Court Dismisses Forfeitures Class Action Against Kaiser Foundation Benefits Bill Would Expand Definition of Federal Law Enforcement for Retirement Purposes Compliance IRS Eases Rules on Pension Plans’ Use of Custom Mortality Tables MARKET MIRROR Tuesday, the Dow fell 56.88 points (0.17%) to close at 33,561.81, the Nasdaq fell 77.36 points (0.63%) to close at 12,179.55 and the S&P 500 fell 18.95 points (0.46%) to close at 4,119.17. The Russell 2000 lost 4.79 points (0.27%) to close at 1,749.68, and the Wilshire 5000 lost 172.34 points (0.42%) to close at 40,627.95. The price of the 10-year Treasury note was unchanged, bringing the yield to 3.520%. The price of the 30-year Treasury bond was unchanged, bringing the yield to 3.842%. Ask the Experts How and When Will SECURE 2.0 Roth Provisions Affect RMDs? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations. Compliance Aon, Schneider Electric Agree to $200,000 Settlement Many claims from 2020 complaint were dismissed, leaving settlement subject to final approval at a September fairness hearing.    Deals and People TIAA Goes Outside the Firm to Fill New Role New EVP Melissa Kivett arrives from Prudential to help TIAA increase focus on the corporate retirement market. SURVEYS 2023 DB Plan Administration Survey Do you provide defined benefit plan administration services? Make your brand and capabilities known to plan sponsors by completing the 2023 DB Plan Administration Survey by the FINAL deadline of May 23. SMALL TALK ON THIS DATE: In 1924, public official J. Edgar Hoover was made acting director of the FBI and later in the year became director; he built the agency into a highly effective, if occasionally controversial, arm of federal law enforcement. In 1940, Germany invaded Belgium, Luxembourg and the Netherlands during World War II. In 1960, Irish musician and human rights activist Bono, who is the lead singer of the rock band U2, was born. In 1962, Marvel Comics released the first issue of The Incredible Hulk; the towering, muscle-bound antihero was created by writer Stan Lee and artist Jack Kirby. In 1994, Nelson Mandela, whose efforts to end apartheid led to his imprisonment and earned him a share of the 1992 Nobel Peace Prize, became president of South Africa. In 1999, cartoonist, children’s author, poet and playwright Shel Silverstein died at age 68. In 2002, FBI agent Robert Hanssen was sentenced to life in prison after pleading guilty to spying for the Soviet Union and later for Russia; he was one of the Moscow’s most valuable double agents and the most damaging spy ever to penetrate the FBI. Industry Intel Roundup—Featured White Paper PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring white papers offering key insights and analysis about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. SPONSORED BY: PLANSPONSOR Resources: PLANSPONSOR Roadmap 2025 Livestream Series: Health Plan Fiduciary Duties Education and resources from experts about duties required of sponsors of health benefits for employees and how to create a fiduciary process. SPONSORED BY: PLANSPONSOR Resources: PLANSPONSOR Roadmap 2025 Livestream Series: SECURE 2.0 Education and resources from experts about SECURE 2.0 provisions and optimal ways to implement them. SPONSORED BY: Humana Elevate Your Benefits Offering with Medicare Advantage Learn how offering retiree benefits can help your organization be an employer of choice for skilled candidates. 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