May 24th, 2022 Insight on Plan Design & Investment Strategy Every Weekday awards 2022 Best in Class 401(k) Plans Meet PLANSPONSOR’s eighth “class” of companies being given the Best in Class 401(k) Plan designation. Compliance Pensions Will Recoup Losses From Allianz Structured Alpha Investments Following an SEC settlement, most of the U.S. business of Allianz Global Investors will transfer to Voya Investment Management. Most Read Deals and People LPL Terminates CEO Dan Arnold Administration IRS Provides Tax Relief for Those Impacted by Hurricane Helene Benefits Implementing Retirement Income Strategies Monday, the Dow increased 618.34 points (1.98%) to 31,880.24, the Nasdaq was up 180.66 points (1.59%) at 11,535.28, and the S&P 500 gained 72.39 points (1.86%) to finish at 3,973.75. The Russell 2000 gained 19.50 points (1.10%) to close at 1,792.76, and the Wilshire 5000 increased 664.75 points (1.71%) to 39,496.40. The price of the 10-year Treasury note decreased 7/32, bringing its yield up to 2.860%. The price of the 30-year Treasury bond fell 1 5/32, bringing its yield up to 3.069%.  Compliance New Retirement Bill Amending ERISA Introduced in Congress Fiduciary breach claims are likely to spike—and win—if the two-pronged legislation is passed. Data and Research Consultants’ Say Leading Clients Prioritize Evaluating Retirement Income Consultants report 76% of plan sponsors prefer to retain retiree assets in plan, up from less than half in 2015. SMALL TALK ON THIS DATE: In 1543, the Polish astronomer and father of modern astronomy, Nicolaus Copernicus, died in what is now Frombork, Poland. In 1844, Samuel F.B. Morse formally opened America’s first telegraph line. In 1878, the first American bicycle race was held in Boston, Massachusetts. In 1883, the Brooklyn Bridge, which took 14 years to build, was opened over the East River. In 1935, The Cincinnati Reds beat the Philadelphia Phillies 2-1 in Major League Baseball’s first-ever night game. In 1976, Great Britain and France opened trans-Atlantic Concorde service to Washington, D.C. In 1993, the Ethiopian province of Eritrea declared itself an independent nation. In 2001, Temba Tsheri, 15, became the youngest person to reach the summit of Mount Everest. 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