February 6th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Administration How to Teach Fiduciary Responsibility to Plan Committees Where to find education and training, how often to meet and how to confirm members are prepared to serve participants well. Products Vanguard Targets ‘Max Savers’ With New Financial Wellness Tool The firm’s Retirement Savings Maximizer provides recommendations for how participants can save to the IRS 402(g) limit in their defined contribution plans and beyond. 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 MARKET MIRROR Monday, the Dow fell 274.30 points (0.71%) to close at 38,380.12, the Nasdaq fell 31.28 points (0.20%) to close at 15,597.68 and the S&P 500 fell 15.80 points (0.32%) to close at 4,942.81. The Russell 2000 fell 25.49 points (1.30%) to close at 1,937.24, and the FT Wilshire 5000 Index fell 222.50 points (0.45%) to close at 49,614.57. The 10-year Treasury note fell 1 1/32, bringing the yield to 4.162%. The 30-year Treasury bond fell 2 1/32, bringing the yield to 4.339%. Benefits 529, ABLE Qualified Tuition Plans Reach $470B After Big Q4 Inflows In 2023’s fourth quarter, the number of tax-preferred education savings and prepaid accounts rose to 16.4 million. Compliance PBGC Files Petition Seeking Documents California DB Plan Failed to Deliver The Pension Benefit Guaranty Corporation has escalated legal proceedings against a pension plan sponsor that allegedly stopped paying insurance premiums, filing Form 5500s and paying beneficiaries.   SMALL TALK ON THIS DATE: In 1840, Maori tribes of New Zealand signed the Treaty of Waitangi with the U.K., a historic agreement purported to protect Maori rights that was the immediate basis of the British annexation of New Zealand. In 1862, Union naval commodore Andrew Foote, leading a flotilla of ironclads, captured Fort Henry, Tennessee, a strategic Confederate position during the Civil War. In 1895, baseball player Babe Ruth, whose home run hitting helped make him one of the most celebrated athletes in American sports, was born. In 1932, French film director François Truffaut, whose attacks on established filmmaking techniques paved the way for the movement known as New Wave, was born. In 1945, singer-songwriter Bob Marley—who achieved stardom by blending early ska, rock steady and reggae forms into an electrifying rock-influenced hybrid—was born. In 1993, tennis player Arthur Ashe, the first Black man to win a Grand Slam championship, died of AIDS-related pneumonia; he had likely contracted the virus through a tainted blood transfusion received during coronary bypass surgeries. In 2014, comedian Jay Leno hosted his last episode of “The Tonight Show;” he had previously retired in 2009 but returned the following year. In 2018, SpaceX’s Falcon Heavy rocket had its first test flight; on board was a Tesla automobile owned by SpaceX’s founder, Elon Musk.  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