November 29th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Compliance New DOL Proposal Would Allow Fiduciaries to Self-Correct Certain Errors If certain conditions are met, the proposal would allow fiduciaries to correct mistakes themselves without incurring a civil penalty. Compliance Judge Grants Motion to Dismiss Ricoh Complaint The two counts brought by plaintiffs were bounced by the Chief Judge for the U.S. District Court for the Eastern District of Pennsylvania, but the motion to dismiss was granted with leave to amend. Most Read Compliance IRS Reminds Plan Sponsors of Plan Amendment Deadlines Investing Morningstar to Change Medalist Rating Methodology for Managed Investments Compliance Express Scripts Sues FTC for ‘Defamatory’ Report MARKET MIRROR Monday, the Dow decreased 497.57 points (1.45%) to close at 33,849.46, the Nasdaq decreased 176.86 points (1.58%) to end trading at 11,049.50 and the S&P 500 lost 62.18 points (1.54%) to close at 3,963.94. The Russell 2000 lost 38.23 points (2.05%) to close at 1,830.96 and the Wilshire 5000 decreased 631.27 points (1.58%) to close at 39,387.61. The price of the 10-year Treasury note was unchanged and the yield decreased to 3.685%. The price of the 30-year Treasury bond increased 3/32, bringing the yield down to 3.726%     Participants Most Americans Value Retirement Planning, Fewer Than Half Appear to Do It A new AARP study finds a wide gap between how people feel about retirement planning and how prepared they say they are for life after work. Research 2022 DC Plan Benchmarking Survey By studying trends in DC plan design and usage, sponsors can benchmark and improve their own plans. SURVEYS CIO’s Transition Management Survey Are you a provider of transition management services and want to make your services known to institutional investors? If so, you are invited to respond to CIO’s Transition Management Survey. EVENTS Plan Progress Webinar: Student Loan Debt Benefits Join PLANPSONSOR and a panel of experts on December 15 to learn what options are available for student loan debt benefits, their structure and cost; how student loan repayment help fits into an employer’s overall financial wellness benefits; what communications employees need about student loan debt and saving for retirement, and more.  SMALL TALK ON THIS DATE: In 1832, Louisa May Alcott, the author of children’s books including “Little Women,” was born. In 1890, Navy defeated Army 24-0 at West Point, N.Y. in the first Army-Navy football game. In 1929, the first airplane flight over the South Pole was made by Navy Lt. Comdr. Richard E. Byrd. In 1947, the United Nations General Assembly adopted a resolution that was never implemented, calling for the partition of Palestine into two separate states—an Arab and a Jewish one—that would retain an economic union. In 1986, Actor Cary Grant died at the age of 82. In 1990, the U.N. Security Council voted to authorize military action if Iraq did not withdraw its troops from Kuwait and release all foreign hostages by January 15, 1991. 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