December 3rd, 2024 Insight on Plan Design & Investment Strategy Every Weekday Benefits Behind the 401(k) Match: Why Employers Offer It and How to Best Design It Implementing an effective employer contribution strategy requires plan sponsors to consider timing, costs and the workforce’s specific financial needs. AWARDS Make Your Plan Sponsor of the Year Nominations by December 31! PLANSPONSOR is asking for your help identifying plan sponsors that go above and beyond to make retirement security a reality for employees. The Plan Sponsor of the Year award recognizes plan sponsors that make exceptional efforts to help participants with financial wellness and retirement security and/or improve plan governance. Make your nominations for the 2025 awards by December 31! Most Read Compliance DOL Makes Improvements to Voluntary Fiduciary Correction Program Compliance IRS Provides Relief for Participants Impacted by California Wildfires Compliance Sentara Healthcare Sued Over ‘Underperforming’ Stable Value Investment Option MARKET MIRROR Monday, the Dow fell 128.65 points (0.29%) to close at 44,782.00, the Nasdaq rose 185.78 points (0.97%) to close at 19,403.95 and the S&P 500 rose 14.77 points (0.24%) to close at 6,047.15. The Russell 2000 fell 0.59 points (0.02%) to close at 2,434.14, and the FT Wilshire 5000 Index rose 120.56 points (0.20%) to close at 61,001.30. The 10-year Treasury note decreased 2/32, bringing the yield to 4.198%. The 30-year Treasury bond decreased 2/32, bringing the yield to 4.369%. Compliance Washington Teachers’ Suit Remanded for Relief Calculations The 9th Circuit ruled in favor of public school teachers who did not receive proper interest on their accounts when the Washington State Department of Retirement Systems moved their funds to a new plan in 1996. Investments Build and Equip Both company and public plan committees need diversity, good education. SMALL TALK ON THIS DATE: In 1818, Illinois was admitted as the 21st state of the U.S. In 1895, Anna Freud, a found of child psychoanalysis and one of its foremost practitioners, was born in Vienna. In 1947, Tennessee Williams’s “A Streetcar Named Desire” premiered on Broadway, starring Jessica Tandy, Kim Hunter and Marlon Brando. In 1967, Christiaan Barnard of South Africa performed the first human heart transplant, at Groote Schuur Hospital in Cape Town. In 1984, a gas leak from a Union Carbide plant in Bhopal, India, spread over a populated area, resulting ultimately in 15,000 to 20,000 deaths and leaving some half million survivors with chronic medical ailments. In 1989, Soviet President Mikhail Gorbachev and U.S. President George H.W. Bush declared the Cold War over. In 2000, Gwendolyn Brooks, a Pulitzer Prize-winning poet who spoke of and to the everyday struggles of African Americans, died in Chicago.  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