February 23rd, 2023 Insight on Plan Design & Investment Strategy Every Weekday Compliance Church-Exemption Ruling Could Have Wide Implications A federal district court judge has widened the exemption to include an N.J. hospital in a lawsuit remanded back to the district court level by the Supreme Court. Compliance Overturned DOL Rollover Rule Likely to Be Appealed, Attorney Says The DOL is expected to appeal a district court’s decision, which could result in the rule being re-instated. 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 decreased 84.50 points (0.26%) to close at 33,045.09, the Nasdaq increased 14.77 points (0.13%) to close at 11,507.07 and the S&P 500 lost 6.29 points (0.16%) to close at 3,991.05. The Russell 2000 gained 6.46 points (0.34%) to close at 1,894.68 and the Wilshire 5000 lost 23.33 points (0.06%) to close at 39,926.15. The price of the 10-year Treasury note decreased 1/32, bringing the yield to 3.925%. The price of the 30-year Treasury bond decreased 2/32, bringing the yield to 3.916%. Compliance Construction Company Lawsuit Targets Its Retirement Plan Providers The lawsuit filed by Martone Construction claims its retirement plan providers ignored requested investment trades and claimed that trading was limited to only Wednesdays.   Products WTW Launches Its First Pooled Employer Plan Retirement advisory WTW launches LifeSight PEP with Transamerica as recordkeeper. SMALL TALK ON THIS DATE: In 1822, Boston was granted a charter to become a city. In 1836, during the Texas war for independence, Mexican General Antonio López de Santa Anna began a siege of the Alamo, which was captured after 13 days and has become for Texans a symbol of heroic resistance. In 1870, Mississippi was readmitted to the United States following the Civil War. In 1945, six U.S. servicemen raised the American flag over Mount Suribachi on the island of Iwo Jima during World War II. In 1954, a group of children from Arsenal Elementary School in Pittsburgh received the first injections of the new polio vaccine developed by Dr. Jonas Salk. In 1995, the Dow Jones Industrial Average closed above 4,000 for the first time at 4,003.33. In 2014, Brooklyn Nets center Jason Collins became the first openly gay athlete to play in a game in the National Basketball Association and in the United States’ four major professional leagues.   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