NWCM’s Fiduciary Focus Edition 4

Our team is pleased to present the fourth edition of NWCM’s Fiduciary Focus, a summary of key fiduciary and regulatory topics tailored especially for plan sponsors. This edition includes the following: An overview on student loan debt, emergency funds, and retirement savings An update from the DOL on ESG investments and action items to consider […]

Feel SECURE with SECURE 2.0

On December 29, 2022, the SECURE Act 2.0 was officially signed into law. The sweeping legislation builds on the 2019 SECURE Act and includes a wide range of provisions that impact retirement plans and participants. To assist plan sponsors in reviewing this major legislation, NWCM has created the following guide that covers the background and […]

2022 Market Review and Looking Forward to 2023

For most of us, the holidays are a time to reflect on the year – the accomplishments and memories made, the challenges endured, and the triumphs achieved. For investors, in contrast, the holidays mean we are that much closer to leaving a difficult 2022 behind for good. During 2022, the economic environment was dominated by […]

Plan Legislative and Regulatory Update 4Q22

On December 23rd, Congress officially passed the SECURE 2.0 Act of 2022 as part of the $1.7 trillion Consolidated Appropriations Act (“CAA”) of 2023. SECURE 2.0 was comprised of three previously proposed bipartisan retirement bills, including the EARN Act and the RISE & SHINE Act. (Click the image below to download a PDF copy and […]

Market Summary 4Q22

Return of the Old Normal The year 2022 was singularly difficult for both bonds and stocks. As the graph indicates, there were a number of key events that could be called out as the catalysts for this strain on the markets. (Click the image below to download a PDF copy and for clickable links.)

Market Summary 3Q22

The Fed: Eye of the Storm While the Ukraine crisis continues to complicate energy supplies and prices, especially in Europe, and milder coronavirus variants cause deaths in the U.S., the primary driver of short-term economic events has been the Federal Reserve (“The Fed”). (Click the image below to download a PDF copy and for clickable […]

Plan Legislative and Regulatory Update 3Q22

On August 3rd, the IRS released Notice 2022-33. The Notice extends plan amendment deadlines which required plan documents to comply with the Setting Every Community Up for Retirement Act of 2019 (“SECURE Act”) and the relief for 2020 required minimum distributions (RMDs) under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). (Click the […]

What’s in the New 401(k) Retirement Bills

As the end of the year approaches, the focus on retirement legislation is likely to heat up in Congress. There are three pieces of bipartisan retirement legislation currently making their way through Congress. The House’s SECURE Act 2.0 is expected to be reconciled with a merged version of two current Senate bills, known as the […]

Plan Legislative and Regulatory Update 2Q22

The Department of Labor’s new cryptocurrency guidance, released on March 10th, may have broader implications on the fiduciary obligations of plans that offer self-directed brokerage windows. (Click the image below to download a PDF copy and for clickable links.)