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July 10th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
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Benefits
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Auto-IRA Programs Progress in Several States
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The Delaware EARNS plan officially opened for registration, Vermont Saves is on track to launch sooner than anticipated and Rhode Island Secure Choice was signed into law.
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2024 Recordkeeping Survey
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The Intensity of Implementation
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Recordkeepers are juggling competing priorities of new mandatory and optional plan features alongside demands for their platforms to support retirement income, personalization, financial wellness programs and more.
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MARKET MIRROR |
Tuesday, the Dow fell 52.82 points (0.13%) to close at 39,291.97, the Nasdaq rose 25.55 points (0.14%) to close at 18,429.29 and the S&P 500 rose 4.13 points (0.07%) to close at 5,576.98. The Russell 2000 fell 9.20 points (0.45%) to close at 2,029.47, and the FT Wilshire 5000 Index rose 3.43 points (0.01%) to close at 55,465.18.
The 10-year Treasury note decreased 1/32, bringing the yield to 4.301%. The 30-year Treasury bond decreased 4/32, bringing the yield to 4.493%.
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ON THIS DATE: In 1925, the Scopes Trial began in Dayton, Tennessee, with William Jennings Bryan arguing for the prosecution and Clarence Darrow for the defense. In 1962, Telstar 1, the first communications satellite to transmit live television signals and telephone conversations across the Atlantic Ocean, was launched, inaugurating a new age in electronic communications. In 1965, British rock bank The Rolling Stones topped U.S. charts for the first time with the single “(I Can’t Get No) Satisfaction.” In 1973, the Bahamas gained independence from Britain within the Commonwealth. In 1985, the Greenpeace ship Rainbow Warrior was sunk by two bomb explosions while berthed in Auckland Harbor, New Zealand; it was later revealed that French intelligence agents had planted the explosives. In 1991, Russian politician Boris Yeltsin was sworn into office as the country’s first elected president. In 2015, Egyptian actor Omar Sharif, who garnered international acclaim for his roles in “Lawrence of Arabia” and “Doctor Zhivago,” died at the age of 83. In 2019, German automaker Volkswagen ended production of the Beetle, the first model of which had been introduced in 1938.
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Industry Intel Roundup—Featured White Paper | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring white papers offering key insights and analysis about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. | | |
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