Plansponsor Logo
Insight on Plan Design & Investment Strategy Every Weekday
Retirement Contribution Limits, COLA Stay on Track With Continuing Resolution
Retirement Contribution Limits, COLA Stay on Track With Continuing Resolution
The DC contribution limit was projected to be $23,000 for 2024, and the IRS should stay on track in implementing the change.
Dueling Motions Filed in American Airlines ESG Lawsuit
Both parties brought motions as a former pilot asserts that fiduciaries for American Airlines’ defined contribution plans breached their duty by including investment managers and funds focused on environmental, social and governance factors.
Most Read
Data and Research
Student Loan Repayments Expected to Derail Employees’ Retirement Savings
Social Security Administration Cannot Calculate 2024 COLA if Government Shuts Down
Senate Committee Passes Bill Permitting Marijuana Industry Employers to Sponsor Retirement Plans
Total construction spending for August 2023, at $1,983.5 billion was 0.5% above the revised July 2023 total, at $1,973.7 billion, the Census Bureau reported. The August figure is 7.4% above the August 2022 estimate of $1,847.3 billion. During the first eight months of this year, construction spending amounted to $1,284.7 billion, 4.2% above the $1,233.4 billion for the same period in 2022.
Monday, the Dow fell 74.15 points (0.22%) to close at 33,433.35, the Nasdaq rose 88.45 points (0.67%) to close at 13,307.77 and the S&P 500 rose 0.34 points (0.01%) to close at 4,288.39. The Russell 2000 fell 28.28 points (1.58%) to close at 1,756.82, and the FT Wilshire 5000 Index fell 75.29 points (0.17%) to close at 43,174.00.

The 10-year Treasury note fell 30/32, bringing the yield to 4.687%. The 30-year Treasury bond fell 1 4/32, bringing the yield to 4.796%. 
House Ways and Means Approves Legislation to Expand Use of HSAs
The new bill would raise contribution limits for health savings accounts in order to make out-of-pocket health care expenses more affordable.
Guideline Launches Starter 401(k) Plan
The plan provider aims to gain greater market share of retirement 401(k) plans and has debuted a starter product for plan sponsors made possible by SECURE 2.0 legislation.
ON THIS DATE: In 1863, expressing gratitude for a pivotal Union victory at Gettysburg, President Abraham Lincoln announced that the nation would celebrate the official Thanksgiving holiday on November 26. In 1935, Italian forces led by Emilio De Bono, under orders from Benito Mussolini, invaded Abyssinia (Ethiopia). In 1936, collegiate football coach John Heisman, who was considered one of the greatest innovators of the game, died. In 1941, “The Maltese Falcon,” John Huston’s film adaptation of Dashiell Hammett’s famed 1930 novel, had its world premiere. In 1952, the first British atomic weapons test, called Hurricane, was successfully conducted aboard the frigate HMS Plym. In 1960, “The Andy Griffith Show” debuted on American television. In 1961, “The Dick Van Dyke Show,” a pioneer of the sitcom genre, began airing on CBS. In 1990, after four decades of Cold War division and with pressure from the German chancellor Helmut Kohl, Soviet leader Mikhail Gorbachev agreed to a unified Germany within NATO, leading to Germany’s reunification. In 1992, Irish musician Sinéad O’Connor stunned the audience and viewers when she tore up a photo of Pope John Paul II during a performance on “Saturday Night Live.” In 1995, a jury found O.J. Simpson not guilty of murdering his ex-wife, Nicole Brown Simpson, and her friend, Ronald Goldman. In 1997, 69-year-old National Hockey League Hall of Famer Gordie Howe skated the first shift with the Detroit Vipers in their International Hockey League opener, becoming the only professional in the sport to compete in six decades. In 2004, actor Janet Leigh—who was best remembered for her performance in Alfred Hitchcock’s “Psycho”, in which her character suffered one of cinema’s most memorable and shocking deaths—died at the age of 77.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2023 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850