August 15th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Plan Sponsors Push Toward Retirement Income, Financial Wellness Over Last Decade Plan sponsors have increased their focus on delivering expanded benefits and employee financial wellness programs in defined contribution plans, according to JP Morgan Asset Management. Compliance Missouri Anti-ESG Rules Pre-empted by ERISA, Lawsuit Says To the extent that they apply to pensions and other ERISA plans, the state-level regulations are pre-empted by federal law, the complaint says. Most Read Compliance House Passes Legislative Package Allowing CITs in 403(b) Retirement Plans  Compliance Trump Signs Executive Order Targeting ‘Politically-Motivated’ Proxy Advisers  Compliance IRS Issues Guidance Expanding HSA Access MARKET MIRROR Monday, the Dow rose 26.23 points (0.07%) to close at 35,307.63 the Nasdaq rose 143.48 points (1.05%) to close at 13,788.33 and the S&P 500 rose 25.67 points (0.58%) to close at 4,489.72. The Russell 2000 fell 4.62 points (0.24%) to close at 1,920.49 and the FT Wilshire 5000 Index rose 224.21 points (0.50%) to close at 45,313.98. The price of the 10-year Treasury note fell 3/32, bringing the yield to 4.195%. The price of the 30-year Treasury bond fell 5/32, bringing the yield to 4.290%. Investing July Marks 4th Consecutive Month of Pension Funded Status Increases Because of a strong equity performance and a dip in liabilities in July, pension funded statuses increased once again, analyst firms found. Compliance EBSA Plans Fiduciary Responsibilities Seminar in Los Angeles The Department of Labor’s Employee Benefits Security Administration is bringing the regulator’s retirement plan compliance seminar to California. SMALL TALK ON THIS DATE: In 1914, following 10 years of work, the Panama Canal opened to ships. In 1947, after three decades, the Indian independence movement, led by Mahatma Gandhi, achieved its goal of a free and independent India, ending nearly 200 years of British rule. In 1948, Syngman Rhee, the first president of South Korea, announced the establishment of the Republic of Korea. In 1960, the Republic of the Congo gained independence from France. In 1961, two days after sealing off free passage between East and West Berlin with barbed wire, East German authorities begin building a wall to permanently close off access to the West. For the next 28 years, the heavily fortified Berlin Wall stood as a symbol of the Cold War—a literal “iron curtain” dividing Europe. In 1969, the Woodstock music festival opened on a patch of farmland in White Lake, in the upstate New York town of Bethel. In 1971, Bahrain proclaimed independence from the U.K. In 1998, a car bomb exploded in Omagh, Northern Ireland, killing 29 people and leaving more than 200 injured; the Real Irish Republican Army, an IRA splinter group, claimed responsibility for the bombing, which was the deadliest attack in Northern Ireland since the eruption of violence there in the late 1960s. In 2013, scientists at The Smithsonian Institution announced the discovery of the olinguito, “the first carnivore species to be discovered in the American continents in 35 years,” the small arboreal animal lives in the cloud forests of Colombia and Ecuador. In 2021, the Taliban regained control of Kabul, Afghanistan, as U.S. troops withdrew from the country. 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