August 6th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Investing How Should Plan Sponsors Communicate When the Market Plunges? Hits to the stock market mean participants will see retirement savings losses, so plan sponsors should have a communication plan in place to steady reactions.  Administration Understanding In-Plan Retirement Income Fees Plan sponsors have a number of factors to consider when comparing investment, insurance and drawdown options for their participants.  Most Read Compliance California District Court Dismisses Forfeitures Class Action Against Kaiser Foundation Benefits Bill Would Expand Definition of Federal Law Enforcement for Retirement Purposes Compliance IRS Eases Rules on Pension Plans’ Use of Custom Mortality Tables MARKET MIRROR Monday, the Dow fell 1,033.99 points (2.60%) to close at 38,703.27, the Nasdaq fell 576.08 points (3.43%) to close at 16,200.08 and the S&P 500 fell 160.23 points (3.00%) to close at 5,186.33. The Russell 2000 fell 70.15 points (3.33%) to close at 2,039.16, and the FT Wilshire 5000 Index fell 1,603.86 (3.00%) to close at 51,883.40. The 10-year Treasury note was unchanged, bringing the yield to 3.798%. The 30-year Treasury bond increased 27/32, bringing the yield to 4.078%. EVENTS 2024 Plan Sponsors in Conversation Register today for the Livestream event on September 25 – 26, 2024. You will hear from PLANSPONSOR’s Plan Sponsor of the Year finalists and winners sharing their stories of successes around engagement and communication with participants, along with increasing financial wellness and retirement readiness. VIDEO State of the Retirement Plan Industry Hear Lisa M. Gomez, assistant secretary of Labor for the DOL’s Employee Benefits Security Administration, speak to Alison Cooke Mintzer, publisher, ISS Media about recent developments in the industry, what’s in flux and what the future might hold. SMALL TALK ON THIS DATE: In 1940, Estonia lost its independence when the Soviet Union annexed the country. In 1945, the U.S. dropped an atomic bomb on Hiroshima, Japan—the blast killed more than 70,000 people and destroyed most of the city—in an effort to hasten the end of World War II. In 1962, after 300 years of British rule, Jamaica became an independent country within the Commonwealth of Nations. In 1965, President Lyndon B. Johnson signed the Voting Rights Act, which sought to overcome legal barriers at the state and local levels that prevented African Americans from exercising their right to vote; the legislation was weakened through several lawsuits in the 21st century. In 1990, the UN Security Council imposed economic sanctions on Iraq, ruled by Saddam Hussein, for its invasion of Kuwait four days earlier. In 1996, at the Palace in Los Angeles, the hugely influential punk rock band the Ramones played their last concert. In 2012, NASA’s robotic vehicle Curiosity (also called Mars Science Laboratory) landed on Mars and soon began transmitting images of the planet’s surface. In 2015, comedian Jon Stewart hosted his last episode of “The Daily Show,” a satiric news program that became a leading forum for current events, especially politics.  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