PLANADVISERdash – March 2, 2022

Weekday news and analysis for retirement plan advisers

Wednesday, March 02, 2022

Exclusives

Awards

Research

Events

ERISA VISTA

An Objectivity Lesson

The starting place for distinguishing between investment advice and education is the DOL’s Interpretive Bulletin 96-1. While that guidance applies to defined contribution plans, it is informative for the IRA rollover scenario.

News Feed Quick Links

Deals & People

Practice Management

Products

Client Service

Data & Research

Investing

Compliance

Supreme Court Won’t Consider CalSavers ERISA Preemption Lawsuit

The move by the high court stops an advocacy organization’s effort to halt the program, which provides workplace retirement savings for private sector workers whose employers do not offer a retirement plan.

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

Life Happens

When participants have no choice but to draw from their retirement plan.

Record Diversity Additions and Scholarship Awards for CFP Board

The increase in gender and racial diversity among CFP professionals supports the board’s goal of increasing public access to competent and ethical financial planning.

High Hopes for Legislative Progress in Late 2022

Taking a cue from the process that led to the adoption of the SECURE Act in late 2019, one retirement industry policy advocate says the odds are good for passage of retirement-focused legislation by the end of the year.

Market Mirror

Tuesday, the Dow dropped 597.65 points (1.76%) to 33,294.95, the Nasdaq lost 218.94 points (1.59%) to finish at 13,532.46, and the S&P 500 closed 67.68 points (1.55%) lower at 4,306.26. The Russell 2000 decreased 39.58 points (1.93%) to 2,008.51, and the Wilshire 5000 fell 678.40 points (1.53%) to 43,580.81.

The price of the 10-year Treasury note increased 32/32, bringing its yield down to 1.720%. The price of the 30-year Treasury bond climbed 1 25/32, decreasing its yield to 2.108%.

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.