April 22nd, 2024 Insight on Plan Design & Investment Strategy Every Weekday Data and Research WNBA Pay Disparity Puts Spotlight on Retirement Gender Savings Gap The alarming pay gap between newly drafted basketball players in the WNBA and the NBA provides an opportunity to examine the negative impact of low compensation on building retirement savings. Compliance Kellogg Wins Pension Lawsuit Dismissal Federal court in Michigan dismisses a lawsuit brought against the Kellogg Company pension plan.    Most Read Compliance Lawsuit Against Lockheed Martin Criticizes Firm for Using In-House TDFs Investing Johns Hopkins Study: Private Equity, 401(k)s Do Not Mix Benefits Social Security Administration to Require Strict In-Person, or Online Identity Checks ECONOMIC EVENTS Tuesday, the census Bureau will report new home sales for March. Thursday, the Department of Labor will issue its initial jobless claims report and Freddie Mac will update average mortgage rates for the week. MARKET MIRROR Friday, the Dow rose 211.02 points (0.56%) to close at 37,986.40, the Nasdaq fell 319.49 points (2.05%) to close at 15,282.01 and the S&P 500 fell 43.89 points (0.88%) to close at 4,967.23. The Russell 2000 rose 4.70 points (0.24%) to close at 1,947.66, and the FT Wilshire 5000 Index rose 183.91 points (0.37%) to close at 50,451.31. The 10-year Treasury note was unchanged, bringing the yield to 4.626. The 30-year Treasury bond rose 3/32, bringing the yield to 4.716%. For the week ending April 19, the Dow rose 0.01%, the Nasdaq fell 5.52% and the S&P 500 fell 3.05%. The Russell 2000 fell 2.77%, and the FT Wilshire 5000 Index ended 1.96% lower. Fiduciary Forum When the Plan Is Amended Don’t forget to tell participants about changes to the plan! DEALS AND PEOPLE Retirement Industry People Moves SageView hires Sithens as retirement plan consultant; Ascensus names Torgerson to lead; New York Life hires Nixon as head of group benefit solutions claim operations; and more. SMALL TALK ON THIS DATE: In 1864, Congress passed the Coinage Act of 1864, which led to “In God We Trust,” being printed on U.S. coins; the phrase was eventually added to all U.S. currency. In 1870, Vladimir Ilich Lenin was born In Simbirsk, Russia. In 1904, theoretical physicist and science administrator J. Robert Oppenheimer, who served as director of the Los Alamos laboratory in New Mexico during development of the atomic bomb, was born in New York City. In 1915, during World War I, German forces introduced the systematized use of chemical weapons when they released chlorine gas along a four-mile front at the Second Battle of Ypres. In 1937, actor Jack Nicholson was born in Neptune, New Jersey. In 1970, the first U.S. Earth Day was celebrated. Founded by politician and conservationist Gaylord Anton Nelson,Earth Day helped spark the environmental movement and has grown into an international event. In 1994, President Richard M. Nixon, the only American president to resign from office, died at age 81. In 2016, more than 170 countries signed the Paris Agreement on climate change, a landmark treaty that sought to control and reduce greenhouse gas concentrations in the atmosphere; it took effect in November 2016. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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 300, Rockville, MD 20850