May 21st, 2024 Insight on Plan Design & Investment Strategy Every Weekday Feature Mastering In-Plan Annuities The fiduciary guidance plan sponsors need to follow a prudent process. Compliance SEC Finalizes Data Breach Notification Rule Advisers and investment companies must now inform their customers of data breaches within 30 days. Most Read Benefits What Adding a Fidelity Student Loan Matching Program Means for a Large Plan Sponsor Feature Mastering In-Plan Annuities Compliance DOL Updates Abandoned Plan Program Rules MARKET MIRROR Monday, the Dow fell 196.82 points (0.49%) to close at 39,806.77, the Nasdaq rose 108.91 points (0.65%) to close at 16,794.87 and the S&P 500 rose 4.86 points (0.09%) to close at 5,308.13. The Russell 2000 rose 6.78 points (0.32%) to close at 2,102.50, and the FT Wilshire 5000 Index rose 67.32 points (0.13%) to close at 53,340.52. The 10-year Treasury note fell 2/32, bringing the yield to 4.450%. The 30-year Treasury bond fell 26/32, bringing the yield to 4.586%. Deals and People Acquisition from Ascensus Will Expand Principal’s ESOP Business Deal will bring Principal's market representation to more than 2,000 ESOP plans and about 765,000 participants. Compliance PBGC Sues to Recover Losses Caused by Trustee’s Asset Transfer The Pension Benefit Guaranty Corporation claims a shuttered California corporation’s CEO transferred plan assets to a business checking account. SMALL TALK ON THIS DATE: In 1542, Spanish explorer and conquistador Hernando de Soto, the first European to claim he discovered the Mississippi River, died and was buried in the river in present-day Louisiana. In 1844, French painter Henri Rousseau was born in Laval, France. In 1856, during the civil war during a dispute known as “Bleeding Kansas”— fought between proslavery and antislavery advocates in the new U.S. territory of Kansas—the town of Lawrence was terrorized by a pro-slavery mob. In 1871, during a revolt against the French national government of Adolphe Thiers, a period of violence known as “Bloody Week” began. In 1881, Clara Barton founded the American Association of the Red Cross (later the American Red Cross). In 1921, Soviet nuclear theoretical physicist and human rights advocate Andrey Sakharov, winner of the 1975 Nobel Prize for Peace, was born in Moscow. In 1932, aviator Amelia Earhart became the first woman to pilot an airplane solo across the Atlantic Ocean. In 1972, Michelangelo’s Pietà, a sculpture depicting the Virgin Mary supporting the body of the dead Christ, was attacked and badly damaged in St. Peter’s Basilica, Vatican City. In 1991, Indian politician Rajiv Gandhi, the country’s prime minister from 1984 to 1989, was assassinated in a suicide bombing attack. In 2000, British author Dame Barbara Cartland died at age 98 in England. In 2017, after years of declining attendance—in part due to animal rights protests—the Ringling Bros. and Barnum & Bailey Circus gave what it said would be its final performance. (In 2023 the circus returned with an animal-free show.) Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850