April 6th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Accelerated Retirement Plan Closings Put Pressure on Small Employers A Morningstar report reveals the pandemic caused defined contribution plan closings to spike and new plan creation to slow down.   Compliance Everything You Need to Know About Maryland Saves The state-managed auto-IRA program launched in September 2022 and should cross $1 million in AUM in the coming days. Most Read Compliance Judge Dismisses Pfizer 401(k) Plan Fee Lawsuit Products Agilis Launches Lifetime Income Tool PensionBuilder Benefits Retirement Benefits Remain a Sticking Point in Boeing Strike MARKET MIRROR Wednesday, the Dow gained 80.34 points (0.24%) to close at 33,482.72, the Nasdaq fell 129.47 points (1.07%) to close at 11,996.86 and the S&P 500 fell 10.22 points (0.25%) to close at 4,090.38. The Russell 2000 dropped 7.52 points (0.33%) to close at 2,238.36 and the Wilshire 5000 dropped 159.49 points (0.39%) to close at 40,363.43. The price of the 10-year Treasury note increased 3/32, bringing the yield to 3.313%. The price of the 30-year Treasury bond increased 5/32, bringing the yield to 3.572% Compliance Judge Denies Kimberly-Clark Corp.’s Motion to Dismiss A retirement plan lawsuit in federal court in Texas will advance against the manufacturer of paper products. Deals and People Financial Wellness Platforms FinFit, Salary Finance Announce Merger The two companies will operate under the FinFit brand to provide wellness benefits to a wider range of employers.  Compliance Brainstorming on Social Security The Social Security trustees say that the OASI fund will become insolvent in 2033.  SMALL TALK ON THIS DATE: In 1896, the first modern Olympic Games began in Athens, Greece. In 1909, American explorer Robert Edwin Peary led the first expedition to the North Pole. In 1917, the United States declared war on Germany, entering World War I three years after the conflict began. In 1924, four planes left Seattle on the first successful flight around the world. In 1947, the Tony Awards were presented for the first time; notable winners included actress Ingrid Bergman, playwright Arthur Miller and director Elia Kazan. In 1974, Swedish Europop group ABBA had their international breakthrough as they captured the top prize at the Eurovision Song Contest with “Waterloo.” In 2009, American basketball player Michael Jordan, widely considered the game’s greatest all-around player, was elected to the Naismith Memorial Basketball Hall of Fame.    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