December 18th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Data and Research US Hospitals Boost Pay, Benefits to Combat Rampant Nurse Turnover More hospitals are implementing sign-on bonuses, increasing minimum wage scales and adding attractive benefits in order to retain health care professionals. Compliance Clorox Files for Dismissal of Complaint Over 401(k) Forfeitures The company's motion defends the plan's actions, stating that the committee followed IRS guidance and outlined its use of forfeitures in plan documents. Most Read Compliance Regulators Clarify Part-Time Eligibility Rules for ERISA 403(b) Plans Opinions Accumulating Differences: Why Personalization Matters More for Older Investors Products Apollo, Athene Working On Alts, Annuities in DC Investing ECONOMIC EVENTS Tuesday, the Census Bureau will announce housing starts for November. Wednesday, the National Association of Realtors will report existing home sales. Thursday, the Department of Labor will release its initial jobless report, and Freddie Mac will update average mortgage rates for the week. MARKET MIRROR Friday, the Dow rose 56.81 points (0.15%) to close at 37,305.16, the Nasdaq rose 52.36 points (0.35%) to close at 14,813.92 and the S&P 500 fell 0.36 points (0.01%) to close at 4,719.19. The Russell 2000 lost 15.39 points (0.77%) to close at 1,985.13, and the FT Wilshire 5000 Index lost 47.25 points (0.10%) to close at 47,743.36. The 10-year Treasury note increased 1/32, bringing the yield to 3.917%. The 30-year Treasury bond increased 5/32, bringing the yield to 4.014%. For the week ending December 15, the Dow rose 2.92%, the Nasdaq rose 2.85% and the S&P 500 rose 2.49%. The Russell 2000 rose 5.55%, and the FT Wilshire 5000 Index finished 2.85% higher. Plan Administration A Repair Guide for Errors Common administrative errors can be easy to miss—here’s how to fix some. DEALS AND PEOPLE Retirement Industry People Moves National Association of Investment Companies announces Abraham as vice president of development; Truist appoints Stengel as chief legal officer; Ameritas names new CFO; and more. SMALL TALK ON THIS DATE: In 1787, New Jersey became the third state admitted to the U.S. when it ratified the U.S. Constitution. In 1865, by proclamation of the U.S. secretary of state, the Thirteenth Amendment to the Constitution, outlawing slavery, was officially entered into force, having been ratified by requisite states on December 6. In 1943, British guitarist Keith Richards of the rock band the Rolling Stones was born. In 1946, film director Steven Spielberg—who enjoyed critical and commercial success with such movies as “Jaws,” “E.T.: The Extra-Terrestrial” and “Schindler’s List”—was born. In 1963, actor Brad Pitt, known for his portrayal of unconventional characters, was born. In 1966, the TV special “How the Grinch Stole Christmas!,” an adaptation of Dr. Seuss’s classic children’s book, aired for the first time and became a holiday staple. In 1997, Kim Dae-Jung was elected president of South Korea, the first opposition leader in that country’s history to win that position. In 2011, Czech playwright, poet and political dissident Vaclav Havel—who served as president of Czechoslovakia and of the Czech Republic and had been a prominent participant in the liberal reforms of 1968—died in Hradecek, Czech Republic. In 2019, President Donald Trump became the third U.S. president to be impeached by the House of Representatives, which charged him with abuse of power and obstruction of Congress. 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