August 22nd, 2024 Insight on Plan Design & Investment Strategy Every Weekday Data and Research 529 Tuition Savings Plans Reach $508B in Q2 From both an industry asset and account level perspective, 529 savings plans continue to expand to help families save for future education expenses. Deals and People Principal Elevates Strable to President, COO CEO and Board Chairman Dan Houston is passing the president title to the firm’s former CFO. Most Read Investing Empower to Offer Private Investments in 401(k) Plans Benefits Benefits Council Proposes New Ways to Use Retirement Surpluses to Boost Benefits, Raise Revenue Data and Research Employers, Workers Have Disconnect Between Employee Needs, Benefits Strategies  MARKET MIRROR Wednesday, the Dow rose 55.49 points (0.14%) to close at 40,890.49, the Nasdaq rose 102.05 points (0.57%) to close at 17,918.99 and the S&P 500 rose 23.73 points (0.42%) to close at 5,620.85. The Russell 2000 rose 28.37 points (1.32%) to close at 2,170.56, and the FT Wilshire 5000 Index rose 295.59 points (0.53%) to close at 56,196.96.  The 10-year Treasury note was unchanged, bringing the yield to 3.805%. The 30-year Treasury bond decreased 25/32, bringing the yield to 4.080%.   Ask the Experts Can a Plan Sponsor Waive Account Fees for Small Accounts? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations. EVENTS Helping Employees Understand, Embrace, and Maximize Their HSA Register today for the webinar on September 5 covering ways plan sponsors can help employees use HSAs to build a more robust, resilient strategy for financial wellness today, tomorrow, and long into the future. SMALL TALK ON THIS DATE: In 1776, during the American Revolution, British forces arrived at Long Island, between Gravesend and New Utrecht, with “near twenty-four thousand men ready to land in a moment,” according to one observer. In 1904, Chinese Communist leader Deng Xiaoping, who abandoned many orthodox communist doctrines and attempted to incorporate elements of the free enterprise system into the Chinese economy, was born. In 1973, President Richard M. Nixon named Henry A. Kissinger secretary of state. In 1978, rebel Sandinistas occupied the National Palace in Managua, Nicaragua, holding more than 1,000 hostages for two days in opposition to the government of Anastasio Somoza Debayle. In 1989, during a game against the Oakland Athletics, Nolan Ryan, then 42 of the Texas Rangers struck out Rickey Henderson to become the first Major League Baseball pitcher to register 5,000 strikeouts; he ended his career with a record-setting 5,714 total. In 2004, The Scream, a painting by Edvard Munch, was stolen from the Munch Museum in Oslo, Norway; it was recovered two years later.  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