September 27th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Compliance 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 Compliance IRS Proposes Regulations for Changes to SECURE 2.0 RMDs Opinions Encouraging Trends in 401(k) Plan Design Compliance What Increased Health Plan-Related Scrutiny Means for Plan Sponsors 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. 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