PLANADVISERdash – April 26, 2023

Weekday news and analysis for retirement plan advisers

Wednesday, April 26, 2023

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A Three-Step Plan for Employers to Encourage Financial Wellness

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For April’s National Financial Capability Month, the head of retirement services at Corebridge Financial suggests understanding, engaging and taking action to help improve financial wellness.

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Smart Retirement Launches PEP with Transamerica

The new pooled employer plan has gotten early interest from plan sponsors, according to Smart.

Today’s Most Read

1.	Republican Tax Bill Expands 529s and HSAs, Limits Changes to Retirement
2.	PLANADVISER'S 2025 Retirement Plan Adviser of the Year Winners
3.	Senate Bill Would Expand Retirement Plan Access to Younger Americans

Proposed Bill Would Allow CITs in 403(b) Plans

403(b) plan advisers may have their patience rewarded with a potential bill to allow CITs is on the table.

The Business Case for Offering HSAs

Panelists at the 2023 PLANADVISER/PLANSPONSOR HSA Conference discuss the business benefits of offering health savings accounts.

What Participants Need

3 industry experts weigh in on how employers can help participants meet their retirement goals.

Market Mirror

Tuesday, the Dow fell 344.57 points (1.02%) to close at 33,530.83, the Nasdaq fell 238.05 points (1.98%) to close at 11,799.16 and the S&P 500 fell 65.41 points (1.58%) to close at 4,071.63. The Russell 2000 fell 42.92 points (2.40%) to close at 1,745.95 and the Wilshire 5000 lost 698.40 points (1.71%) to close at 40,157.17.

The 10-year Treasury note rose 8/32, bringing the yield to 3.402%. The 30-year Treasury bond rose 31/32, bringing the yield to 3.661%.

Industry Intel Roundup Featured Webinars

PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by or featuring experts in the industry. The content was created to supply actionable insights to retirement plan advisers regarding client service and practice management.

Sponsored by Commonwealth | June 10, 2025

The 4-1-1(k): A SECURE 2.0 Provision’s “Grand” Impact on Emergency and Retirement Savings

How big of a difference can $1K make? For retirement plan engagement, the answer could depend on how well RPAs and recordkeepers understand and communicate the relationship between short-term and long-term savings to plan sponsors and their benefit-eligible employees. Under the SECURE 2.0 Act, employees can withdraw up to $1,000 once a year from their traditional 401(k) retirement accounts for self-identified emergencies, without paying the 10% early withdrawal tax. Research and thought leadership from Commonwealth, BlackRock’s Emergency Savings Initiative, Compass Financial Partners, a Marsh & McLennan Agency LLC Company, and Voya Financial sheds light on the wide-ranging needs of employees in a geographically diverse workforce, and how a suite of emergency savings and liquidity options can best serve workers, and where the new provision fits into those options. This webinar will: ● Dive into the impacts of SECURE 2.0’s $1K withdrawal provision on retirement plan engagement ● Share the RPA and recordkeeper's points of view on the implementation and impact of emergency savings benefits ● Provide tangible action steps for attendees to consider adopting a proactive provision promotion approach for their teams All views and opinions expressed by panelists are their own and are not intended to be those of sponsoring or partner organizations.