December 16th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Compliance 3 New QDIA Recommendations Approved by ERISA Advisory Council The council aims to establish a safe harbor for IRA investment rollovers and to enhance participant education on retirement plan income options. Compliance UnitedHealth Group Settles 401(k) Fund Complaint For $69 Million If approved, participants will get payment for allegations that the company did not replace underperforming Wells Fargo funds. Most Read 2026 PLANSPONSOR Best in Class DC Plan Provider Standouts Compliance Complaint Alleges Cushman & Wakefield Failed to Protect Workers’ 401(k) From Climate Risks Data and Research Nearly Two-Thirds of HSA Holders Reported Using Accounts for Immediate Costs ECONOMIC EVENTS Wednesday, the Federal Reserve’s Federal Open Market Committee will announced the results of its last regularly scheduled meeting of 2024. Thursday, the Department of Labor will issue its initial jobless claims report, and Freddie Mac will update average mortgage rates for the week. MARKET MIRROR Friday, the Dow lost 86.06 points (0.20%) to close at 43,828.06, the Nasdaq rose 23.88 points (0.12%) to close at 19,926.72 and the S&P 500 fell 0.16 points (0%) to close at 6,051.09. The Russell 2000 fell 14.19 points (0.60%) to close at 2,346.90, and the FT Wilshire 5000 Index fell 38.30 points (0.06%) to close at 60,877.49.  The 10-year Treasury note decreased 27/32, bringing the yield to 4.396%. The 30-year Treasury bond decreased 30/32, bringing the yield to 4.600%.  In the week ending December 13, the Dow fell 1.82%, the Nasdaq gained 0.34% and the S&P 500 fell 0.57%. The Russell 2000 fell 2.58%, and the FT Wilshire 5000 Index finished 0.81% lower. Data and Research Women in Public Service Express Heightened Concerns About Retirement Savings A new MissionSquare report found that women working in state and local government roles were less likely than their male counterparts to report having personal savings, pensions or defined contribution plans. Benefits NJ-Based Teamsters Pension to Get $29.3M in SFA Funds PBGC to provide assistance to the transportation workers' pension fund. DEALS AND PEOPLE Retirement Industry People Moves Borzi, Iwry, Kasiarz win EBRI’s lifetime achievement award; Franklin creates division, gives new roles to retirement leads; WTW promotes Loop to U.S. wealth head; and more. SMALL TALK ON THIS DATE: In 1773, in what is known as the Boston Tea Party, American colonists disguised as Mohawk Indians threw 342 chests of tea belonging to the British East India Company into Boston Harbor to protest a tax on tea. In 1775, English novelist Jane Austen was born in Steventon, England. In 1944, in World War II, German forces attempted to push through Allied lines in the Ardennes, beginning the Battle of the Bulge. In 1985, organized crime figure Paul Castellano, reportedly the “boss of bosses” of the Five Families of the Mafia, was fatally shot in New York City; John Gotti was later convicted of arranging the murder. In 2014, members of Tehrik-e-Taliban Pakistan, the Pakistani branch of the Taliban, attacked a school in Peshawar, killing 150 people, at least 134 of whom were children.  Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2026 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