November 1st, 2022 Insight on Plan Design & Investment Strategy Every Weekday Compliance Washington Insiders Offer Timeline Update on SECURE 2.0 Comprehensive retirement reform is expected to pass this year and is intended to increase access to retirement accounts. Data and Research Workers’ Financial and Retirement Concerns Have Shifted New data shows significant shifts in workers’ needs from last year.    Most Read Benefits Behind the 401(k) Match: Why Employers Offer It and How to Best Design It Benefits How SECURE 2.0 Provisions Can Alter Employer Strategies for 2025, 2026 Ask the Experts What Are the W-2 Reporting Requirements for 457(b) Private Tax-Exempt Plans? MARKET MIRROR Monday, the Dow decreased 128.85 points (0.39%) to close at 32,732.95, the Nasdaq lost 114.31 points (1.03%) to finish trading at 10,988.15 and the S&P 500 was down 29.08 points (0.75%) to close at 3,871.98. The Russell 2000 decreased 0.0577 points (0.00%) to close at 1,846.86 and the Wilshire 5000 was down 250.21 points (0.64%) to close at 38,702.50. The price of the 10-year Treasury note decreased 3/32 bringing the yield up to 4.057%. The price of the 30-year Treasury bond decreased 30/32 bringing the yield up to 4.201%. Compliance Yale 403(b) Fiduciary Breach Counts Withstand Motions A federal judge has granted in part and denied in part, the Yale University motion for summary judgement. Fiduciary Forum A Time to Amend Committee members may want to get ahead of some plan changes. EVENTS Exploring ESG Investing Conference Join us Thursday, November 10, for a virtual conference to learn about regulations for environmental, social and governance investing in retirement plans; the debate over whether ESG factors are financial/performance factors; and what allocators, plan sponsors and advisers should consider when deciding whether and how to use ESG investments.  SURVEYS DC Survey Now Open For more than 20 years, PLANSPONSOR’s annual Defined Contribution Survey has provided benchmarking data for nearly 50 industries/business sectors and for 401(k), 403(b), and other DC plans, as well as nonqualified plans. Represent your industry and plan type by participating, and you’ll receive a free benchmarking report. SMALL TALK ON THIS DATE: In 1765, British Parliament enacted The Stamp Act in the American colonies. In 1800, President John Adams, in the last year of his only term as president, moved into the newly constructed President’s House, the original name for the White House. In 1861, General George B. McClellan was made the general-in-chief of the Union armies. In 1946, the New York Knickerbockers defeated the Toronto Huskies 68-66 in the first National Basketball Association In 1950, two Puerto Rican Nationalists attempted to assassinate President Harry S. Truman at Blair House in Washington, D.C. In 1993, the Maastricht Treaty went into effect, formally establishing the European Union. In 1994, the Amazon.com domain name was registered. In 1997, director James Cameron’s “Titanic,” a drama about the doomed ocean liner, had its first public screening at the Tokyo International Film Festival. The movie became one of the highest grossing of all time, and it made Leonardo DiCaprio and Kate Winslet international stars. 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