December 2nd, 2024 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Pension Risk Transfer Market Closes Strong at $14B in Q3 IBM’s $6 billion PRT with Prudential accounted for much of the market’s increase this quarter, according to Legal & General Retirement America. Compliance Republican AGs Allege Asset Managers Misled Investors in Coal Stock 11 states accused BlackRock of offering coal funds while undercutting the industry and both State Street and Vanguard of suppressing coal production. Most Read Benefits Health Care Cost Control to Take Center Stage in 2026 Compliance House Passes Legislative Package Allowing CITs in 403(b) Retirement Plans  Ask the Experts Can an Employer Match Catch-Up Contributions? ECONOMIC EVENTS In the week ending November 23, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 2,000 from the previous week’s revised level of 215,000, the Department of Labor reported. The four-week moving average was 217,000, a decrease of 1,250 from the previous week’s revised average of 218,250. 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 Wednesday, the Dow fell 138.25 points (0.31%) to close at 44,722.06, the Nasdaq fell 115.10 points (0.60%) to close at 19,060.48 and the S&P 500 fell 24.42 points (0.41%) to close at 5,997.21. The Russell 2000 rose 3.70 points (0.15%) to close at 2,428.01, and the FT Wilshire 5000 Index fell 212.11 points (0.35%) to close 60,570.89. The 10-year Treasury note increased 5/32, bringing to yield to 4.251%. The 30-year Treasury bond increased 31/31, bringing the yield to 4.430%. Data and Research Transamerica Survey Reveals Shifting Priorities for Retirees Retirees are prioritizing community and affordability of housing in a post-pandemic economy, according to the survey. PRODUCTS Product & Service Launches Alera Group deploys TIFIN @Work’s AI-powered platform; Strive Makes Direct Indexing available on Fidelity and Schwab platforms; Vanguard launches 2 ETFs. SMALL TALK ON THIS DATE: In 1823, the Monroe Doctrine, which declared that the U.S. would not interfere in European affairs but that its sphere of interest included the entire Western Hemisphere, was enunciated by President James Monroe. In 1981, singer Britney Spears—who helped spark the teen-pop phenomenon in the late 1990s and later endured intense public scrutiny for her personal life—was born in McComb, Mississippi. In 1982, William C. DeVries implanted the first artificial heart in Barney Clark; the aluminum and plastic device was called the Jarvik-7. In 1983, the music video for Michael Jackson’s song “Thriller” aired on MTV. In 1993, Colombian criminal Pablo Escobar—who, as head of the Medellin cartel, was arguably the world’s most powerful drug trafficker in the 1980s and early 90s—was killed during a shoot-out with authorities. In 2001, following revelations of massive accounting fraud, Enron filed for bankruptcy protection; the energy-trading company was once the seventh largest corporation in the U.S. In 2014, Canadian ice hockey player Jean Beliveau, considered one of the game’s greatest centers, noted for his prolific scoring, died at age 83. 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