August 26th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Benefits Research Examines Why State Auto-IRA Policies May Drive Private-Plan Creation Private employers are often opting to start their own retirement plans, rather than utilize a state-run plan, in states with retirement mandates. Investing Mercer Wise 401(k) and PEP Hit Combined $3.6B AUM The Mercer Wise platform provides 401(k) benefits to more than 70,000 U.S. employees.  Most Read Benefits Social Security’s New Anti-Fraud Measures Begin Amid Mixed Messages from Agency Deals and People Financial Finesse Appoints New President Opinions Don’t Forget Decumulation: 3 Key Pillars for an Effective Retirement Income Solution ECONOMIC EVENTS On Tuesday, the Conference Board will report the Consumer Confidence Index for August. On Thursday, the Department of Labor will release its initial jobless claims report and Freddie Mac will update average mortgage rates for the week. MARKET MIRROR Friday, the Dow rose 462.30 points (1.14%) to close at 41,175.08, the Nasdaq rose 258.44 points (1.47%) to close at 17,877.79 and the S&P 500 rose 63.97 points (1.15%) to close at 5,634.61. The Russell 2000 rose 68.67 points (3.19%) to close at 2,218.70, and the FT Wilshire 5000 Index rose 733.71 points (1.32%) to close at 56,430.30. The 10-year Treasury note increased 4/32, bringing the yield to 3.804%. The 30-year Treasury bond increased 6/32, bringing the yield to 4.093%. In the week ending August 23, the Dow rose 1.27%, the Nasdaq climbed 1.40% and the S&P 500 rose 1.45%. The Russell 2000 rose 3.58%, and the FT Wilshire 5000 Index finished 1.64% higher. Products Vanguard Offers Emergency Savings Account, Health Cost Estimator The firm has launched features on its financial wellness platform to help participants with emergency expenses and planning for health care costs in retirement. Deals and People Retirement Industry People Moves Cetera appoints Mackay president of Cetera Solutions; OneDigital welcomes Grier as managing principal; Vanguard announces Robinson as general counsel; and more. ON THIS DATE ON THIS DATE: In 1821, the Treaty of Cordoba was signed, giving Mexico its independence from Spain. 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 1989, former Major League Baseball player and manager Pete Rose was banned from the sport after an investigation determined that he had bet on games, and he thereby became ineligible for the Baseball Hall of Fame; he later admitted to gambling on baseball. 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 rock bank 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 ©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