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PLANSPONSOR NEWSDASH LOGO May 29th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
Senate Takes Up Plan Startup Retirement Tax Credit Legislation
Senate Takes Up Plan Startup Retirement Tax Credit Legislation
The legislation mirrors another bill in the House, which increases credits for offering retirement plans for the smallest businesses.
Benefits
Entergy to Transfer $1.2B in Pension Liabilities
Transaction with MetLife is one of several billion-dollar buyouts completed so far in 2024.
Most Read
Administration
How Recordkeepers Are Supporting Participants Impacted by LA Fires
Compliance
FTC Issues 2nd Report Exposing Practices of Pharmacy Benefit Managers
Compliance
Bechtel Managed Account QDIA Lawsuit Dismissed
MARKET MIRROR
Tuesday, the Dow fell 216.73 points (0.55%) to close at 38,852.86, the Nasdaq rose 99.09 points (0.59%) to close at 17,019.88 and the S&P 500 rose 1.32 points (0.02%) to close at 5,306.04. The Russell 2000 fell 2.82 points (0.14%) to close at 2,066.85, and the FT Wilshire 5000 Index fell 35.23 points (0.07%) to close at 53,152.88. 

The 10-year Treasury note decreased 28/32, bringing the yield to 4.547%. The 30-year Treasury bond decreased 1 4/32, bringing the yield to 4.660%.  
Compliance
PBGC Issues $54.6M SFA Package to UFCW Plan
The regional plan, based in New Jersey, has more than 4,000 participants in food service.
Ask the Experts
How Should Readers Submit Questions to Ask the Experts?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
SMALL TALK
ON THIS DATE: In 1848, Wisconsin became the 30th state of the union. In 1905, the Russian navy was defeated in the Battle of Tsushima during the Russo-Japanese War. In 1917, President John F. Kennedy was born in Brookline, Massachusetts. In 1942, singer and actor Bing Crosby recorded the holiday classic “White Christmas,” which became one of the best-selling singles of all time. In 1953, following numerous failed attempts by others, Edmund Hillary and Tenzing Norgay became the first climbers to surmount Mount Everest, the highest mountain in the world. In 1999, “Discovery” became the first space shuttle to dock with the International Space Station. In 2017, Panamanian military leader Manuel Noriega—who ruled Panama until ousted by U.S. forced and who later served prison sentences in the U.S. and Panama—died at age 83 in Panama City.  
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