February 13th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Compliance DOL Official Makes Case for Retirement Security Proposal Tim Hauser sat down with PLANSPONSOR to discuss the merits of the proposal. Benefits 20 Years in, EFE Has Grown to $210B in Managed Account Assets The provider says the pace of asset growth is speeding up, nearly tripling from $88 billion a decade ago. Most Read Compliance American Airlines Failed to Protect Workers’ 401(k)s in ESG Case, Federal Court Finds Compliance Treasury, IRS Issue Proposed Regulations on SECURE 2.0 Provisions Compliance IRS Provides Relief for Participants Impacted by California Wildfires MARKET MIRROR Monday, the Dow rose 125.69 points (0.33%) to close at 38,797.38, the Nasdaq fell 48.12 points (0.30%) to close at 15,942.55 and the S&P 500 fell 4.77 points (0.09%) to close at 5,021.84. The Russell 2000 rose 35.27 points (1.75%) to close at 2,045.26, and the FT Wilshire 5000 Index rose 22.14 points (0.044%) to close at 50,600.06. The 10-year Treasury note fell 2/32, bringing the yield to 4.186%. The 30-year Treasury bond fell 2/32, bringing the yield to 4.386%. Data and Research Education Savings Benefits Gain Momentum as Employees Struggle With Student Debt As loan repayments are an obstacle limiting employees’ retirement savings, education savings benefits are an opportunity for employers to relieve participants’ financial stress and help them save. Investing Insurance Broker’s PEP Launches for Private Equity, Venture Portfolio Firms San Francisco-based Woodruff Sawyer enters the pooled employer plan market, seeking to attract startup plans through the firm’s private equity and venture capital resources. SMALL TALK ON THIS DATE: In 1883, German composer Richard Wagner, whose operas and music had a revolutionary influence on the course of Western classical music, died in Venice at age 69. In 1935, Bruno Hauptmann was convicted of kidnapping and murdering the 20-month-old son of Charles and Anne Morrow Lindbergh; he received the death penalty. In 1950, British musician Peter Gabriel, the lead singer of the progressive rock band Genesis before launching a successful solo career, was born. In 1960, France detonated its first atomic bomb in the Sahara desert. In 1997, The Dow Jones Industrial Average first eclipsed the 7,000 mark, then closed at 7,022.44. In 2000, The last Peanuts comic strip was published in newspapers, just hours after the death of creator Charles Schulz. In 2002, Scottish Parliament passed the Protection of Wild Mammals Bill, which made it illegal to hunt wild mammals with dogs, effectively outlawing foxhunting in Scotland. In 2008, Australian Prime Minister Kevin Rudd apologized to the Australian Aboriginal peoples for abuses they had suffered under earlier administrations. In 2016, jurist Antonin Scalia—who served as an associate justice of the Supreme Court of the United States, becoming well known for his strong legal conservatism—died in Shafter, Texas. 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