August 24th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Lines Between Work and Retirement Are Blurring, Research Finds A new paper from Transamerica and MIT AgeLab shows how planning for retirement is linked to overall well-being. Data and Research Plan Sponsors in Higher Education, Health Care See Talent as Top Priority Recruiting and retaining employees challenges plan sponsors, as employees are increasingly demanding more benefits and sources of guaranteed income, according to a TIAA survey.  Most Read Administration From Auto-IRAs to PEPs: How Small Employers Can Offer Retirement Savings Compliance Bristol-Myers Squibb, State Street Targeted in Lawsuit Over PRT Administration No Matter How Small, Businesses Have Retirement Plan Options ECONOMIC EVENTS Sales of new single‐family houses in July 2023 were at a seasonally adjusted annual rate of 714,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.4% above the revised June rate of 684,000 and is 31.5% above the July 2022 estimate of 543,000. MARKET MIRROR Wednesday, the Dow rose 184.15 points (0.54%) to close at 34,472.98, the Nasdaq rose 215.16 points (1.59%) to close at 13,721.03 and the S&P 500 rose 48.46 points (1.10%) to close at 4,436.01. The Russell 2000 rose 19.20 points (1.04%) to close at 1,870.03, and the FT Wilshire 5000 Index rose 492.11 points (1.11%) to close at 44,709.30. The 10-year Treasury note rose 1 1/32, bringing the yield to 4.194%. The 30-year Treasury bond increased 2 2/32, bringing the yield to 4.270%. Benefits Iowa, Idaho, and Montana Rank Best For Access to Retirement Plans in the Workplace Florida, Georgia, and Rhode Island rank lowest, according to analysis from the Economic Innovation Group. RESEARCH 2023 Defined Benefit Administration Survey Like our Recordkeeping Survey for the defined contribution plan market, the DB Administration Survey showcases providers in the defined benefit  plan market—who the major players are, who they serve and what services they provide. Also included is information on overall market sizing. SMALL TALK ON THIS DATE: In 1814, during the War of 1812, British forces captured Washington, D.C., and burned various government buildings, notably the Capitol and the Executive Mansion, which is now known as the White House. In 1821, Mexico became an independent nation from Spain after the Treaty of Córdoba was signed. In 1875, Captain Matthew Webb of the U.K. became the first man to successfully swim the English Channel without assistance. In 1932, aviator Amelia Earhart took off from Los Angeles, and, when she landed in Newark, New Jersey, the following day, she became the first woman to complete a solo nonstop flight across the U.S. In 1949, the North Atlantic Treaty Organization entered into force, following the signing of its treaty four months earlier. In 2006, Pluto was demoted from planet to dwarf planet after the International Astronomical Union approved a reclassification of the solar system. In 2011, amid health issues, Steve Jobs resigned as CEO of Apple, and he died less than two months later. In 2021, English drummer Charlie Watts, an integral member of the band the Rolling Stones, died at age 80. 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 300, Rockville, MD 20850