NewsDash – June 21, 2023

June 21st, 2023
Insight on Plan Design & Investment Strategy Every Weekday

Compliance

Plan Progress Webinar Series: Provider Due Diligence

The dos and don’ts of selecting new service providers, from conducting RFPs to avoiding ‘mission creep,’ according to a panel of experts.

AWARDS

Read About All the Plan Sponsor of the Year Finalists

The 2023 awards recognize 34 plan sponsors across nine categories. We will name the winners and celebrate them along with all the finalists on Wednesday night.

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

Tuesday, the Dow fell 245.25 points (0.72%) to close at 34,053.87, the Nasdaq fell 22.28 points (0.16%) to close at 13,667.29 and the S&P 500 fell 20.88 points (0.47%) to close at 4,388.71. The Russell 2000 fell 8.77 points (0.47%) to close at 1,866.70, and the FT Wilshire 5000 Total Market Index fell 220.30 points (0.50%) to close at 44,253.06.

Fiduciary Forum, BENEFITS

Time for the SOCs

Systems and organization control reports can confirm cybersecurity.

Special Coverage: Participant Retention

Topics to consider when plan sponsors are thinking about how to manage their plan to retain retirees.

ON THIS DATE: In 1893, the first Ferris wheel (invented by George Washington Gale Ferris, Jr., a Pittsburgh-based engineer) made its debut at the World’s Columbian Exposition in Chicago. In 1905, Jean-Paul Sartre, a French novelist, playwright and exponent of existentialism who was awarded but declined the Novel Prize for Literature in 1964, was born. In 1919, Italian architect Paolo Soleri, one of the best-known city planners of the 20th century, was born in Turin, Italy. In 1945, Japanese resistance on Okinawa was finally crushed, less than three months after U.S. troops landed there, as the last stepping stone before the planned assault on Japan’s main islands in World War II. In 1963, Paul VI was elected pope of the Roman Catholic Church. In 1982, Prince William of Wales (later Prince William, duke of Cambridge) was born to Prince Charles (now King Charles III) and Diana, princess of Wales. In 1997, the Women’s National Basketball Associated debuted with the league’s first game, in which the New York Liberty defeated the Los Angeles Sparks. In 2009, Greenland became self-governing as an expanded home-rule agreement with Denmark took effect.

Industry Intel Roundup—Thought Leadership

PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.