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Weekday news and analysis for retirement plan advisers
Wednesday, March 30, 2022
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House Easily Passes the Securing a Strong Retirement Act
The U.S. House of Representatives voted Tuesday evening to pass the Securing a Strong Retirement Act, marking an important step forward for the ambitious retirement-focused legislation package. The final vote on the bill was 414 to 5.
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Report Offers Considerations for Using Retirement Plans to Help With Emergency Savings
Roth and after-tax accounts could be used to facilitate emergency savings, with certain considerations about the cost of accessing funds and the effect on nondiscrimination testing.
Today’s Most Read
1. It’s Time We Stopped Evaluating Managed Accounts from 2006
2. Hub Launches Retirement Select PEP
3. The Expansive Reach of the DOL’s Proposed Fiduciary Rule
2021 Was Another Banner Year for Retirement Savers
Employer-sponsored retirement plans and individual retirement accounts reached almost $40 trillion in total assets by the end of last year, even as a recovering economy faced some key pain points, according to new data released by the Investment Company Institute.
District Court Dismisses ERISA Lawsuit Against Principal
The litigation was originally focused on fiduciary breach allegations leveled against a hospital network—claims which have since been settled—but it also included separate accusations against Principal.
Notice of Proposed Rulemaking Updates MEP ‘One Bad Apple’ Rule
New regulations would apply to multiple employer plans that are either maintained by employers that have a ‘common interest’ or have a ‘pooled plan provider.’
Market Mirror Market Mirror Graph

Tuesday, the Dow gained 338.30 points (0.97%) to finish at 35,294.19, the Nasdaq closed 264.73 points (1.84%) higher at 14,619.64, and the S&P 500 added 56.08 points (1.23%) to close at 4,631.60. The Russell 2000 increased 55.04 points (2.65%) to 2,133.10, and the Wilshire 5000 climbed 694.78 points (1.51%) to 46,717.12.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 2.403%. The price of the 30-year Treasury bond climbed 31/32, decreasing its yield to 2.505%.

Product and Service Launches – 2/22/24

Voya launches new supplemental health benefit to help with out-of-pocket costs; LifeYield releases Annuity Income Layer; and NAGDCA offers enhanced SECURE 2.0 Resource.

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