July 25th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Administration DOL Advises Plan Sponsors to Extend Enrollment Period for Employees Losing Medicaid The unwinding of a COVID-19 policy that prohibited states from removing people from Medicaid and CHIP could leave hundreds of thousands without health coverage.   Benefits Employer-Sponsored Retirement Plans Continue to Be Valued by US Workers American workers are more likely to remain with their current employer if offered an employer-sponsored retirement savings plan and at a higher rate than revealed in October 2022, Voya research found. Most Read Deals and People Voya Announces Acquisition of OneAmerica's Retirement Plan Business Benefits ERISA Advisory Council Delves Into QDIA Retirement Income Offerings Benefits Social Security COLA for 2025 Projected at 2.5% MARKET MIRROR Monday, the Dow rose 183.55 points (0.52%) to close at 35,411.24, the Nasdaq rose 26.06 points (0.19%) to close at 14,058.87 and the S&P 500 rose 18.30 points (0.40%) to close at 4,554.64. The Russell 2000 rose 5.42 points (0.28%) to close at 1,965.68, and the FT Wilshire 5000 Index rose 158.79 points (0.35%) to close at 46,032.23. The price of the 10-year Treasury note fell 24/32, bringing the yield to 3.870%. The price of the 30-year Treasury bond fell 26/32, bringing the yield to 3.928%. Compliance Trustee GreatBanc Trust, Company Executives Sued for Disputed ESOP Sale, Valuation Former employees are suing GreatBanc Trust Co. and executives from Buckeye Corrugated Inc., a national packaging and display products manufacturer, over the latter’s 2018 sale. Compliance PBGC Issues FAQ on Acceptable SFA Investments Permissible return seeking assets are normally SEC-registered common stock, and investment grade fixed income includes investment-grade bonds and US treasuries. SMALL TALK ON THIS DATE: In 1814, near Niagara Falls, British troops commanded by General Phineas Riall thwarted an invasion of British Canada by a U.S. force under General Jacob Brown in the Battle of Lundy’s Lane during the War of 1812. In 1832, the first recorded railroad accident in U.S. history occurred when four people were thrown off a car on the Granite Railway near Quincy, Massachusetts. In 1868, Congress defined the Wyoming Territory. In 1898, U.S. forces under General Nelson A. Miles invaded Puerto Rico during the Spanish-American War. In 1952, Puerto Rico attained its own government as a commonwealth of the United States. In 1978, Louise Brown, the first human conceived using in vitro fertilization, was born in England. In 1984, Soviet cosmonaut Svetlana Yevgenyevna Savitskaya became the first woman to walk in space. In 2000, a Concorde supersonic airplane—Air France Flight 4590—crashed outside Paris, killing all 109 people on board and four others on the ground; the event was believed to have hastened the end of all Concorde operations three years later. In 2007, Indian lawyer and politician Pratibha Patil was sworn in as president of India, becoming the first woman to hold the office. 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