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PLANSPONSOR NEWSDASH LOGO September 27th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
Plan Sponsors Consider PBGC Premium Strategies
Plan Sponsors Consider PBGC Premium Strategies
As plan sponsors near the deadline for changing how they calculate PBGC premiums, some are considering a change in light of market moves.
Compliance
Judge Dismisses ERISA Suit for Not Stating a Claim
A judge dismisses a suit against utility company Exelon, but leaves the door open for future proceedings.
Most Read
Investing
Morgan Stanley Expands Robo-Advising Tech with Blooom Purchase
Compliance
Why Cybersecurity for Retirement Plans is More Important Than Ever
Ask the Experts
Are There Annual or Lifetime Limitations on Roth Conversions?
MARKET MIRROR
Monday, the Dow sagged 329.60 points (1.11%) to close at 29,260.81, the Nasdaq dwindled 65.00 points (0.60%) to reach 10,802.922 and the S&P 500 was down 39.19 points (1.03%) to close at 3,655.04. The Russell 2000 slipped 23.71 points (1.41%) to end trading at 1,655.88 and the Wilshire 5000 lost 378.92 points (1.03%) to close at 36,408.29.

The price of the 10-year Treasury note decreased 1 30/32, bringing the yield up to 3.923%. The price of the 30-year Treasury bond decreased 2 2/32, bringing the yield up to 3.745%.
Products
Partnership Expands Retirement Plan Coverage to Underserved Markets
The service from Transamerica, Smart, and Finhabits is meant to be an affordable alternative to state-mandated retirement plans.
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 1779, John Adams was elected to negotiate with the British over the American Revolutionary War’s peace terms. In 1825, George Stephenson operated the first locomotive that hauled a passenger train. In 1894, the Aqueduct Race Track opened in New York City. In 1939, 140,000 Polish troops were taken prisoner by the Germans as Warsaw surrendered to Hitler’s army. In 1954, the “Tonight!” show made its debut on NBC-TV, with Steve Allen as host. In 1989, Columbia Pictures Entertainment agreed to buy out Sony Corporation for $3.4 billion. In 1996, the Taliban, led by Mohammad Omar, seized Afghanistan’s capital city of Kabul, declaring the entire nation an Islamic state. In 1998, Mark McGwire, first baseman for the St. Louis Cardinals, set a Major League Baseball record when he hit his 70th home run of the season. In 2008, Chinese astronaut Zhai Zhigang performed China’s first spacewalk.
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