June 27th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Administration PSNC 2023: Unique Issues for 403(b) Plan Sponsors Experts at the PLANSPONSOR National Conference addressed the ebb and flow of employer efforts to align in-plan investments with organizational values. Administration BlackRock Reorganizes Public Policy Unit Samantha DeZur was promoted to head of U.S. public policy as part of the changes. Most Read Benefits Social Security COLA Increase to Add About $50 per Month in 2025 Administration Many Taxpayers Dodged Penalty Tax for Early Retirement Withdrawals Administration Bills to Ban Arbitration Clauses Reappear in House, Senate MARKET MIRROR Monday, the Dow fell 12.72 points (0.04%) to close at 33,714.71, the Nasdaq fell 156.74 points (‎1.16%) to close at 13,335.78, and the S&P 500 fell 19.51 points (0.45%) to close at 4,328.82. The Russell 2000 rose 1.63 (0.09%) to close at 1,823.26 and the FT Wilshire 5000 Total Market Index fell 154.20 points (0.35%) to close at 43,611.61. The price of the 10-year Treasury note fell 1/32, bringing the yield to 3.724%. The price of the 30-year Treasury bond was unchanged, bringing the yield to 3.817%. PSNC 2023: EBSA Head Lisa Gomez On Missing Participants Lisa Gomez told the PLANSPONSOR National Conference how SECURE 2.0 is adding another layer to the Department of Labor's ongoing efforts to reunite participants and their benefits. Deals and People Voya Financial Chief Client Officer Exits The recordkeeper is navigating the loss of its’ client-facing distribution division’s leader. DEALS AND PEOPLE Retirement Industry People Moves Salas O’Brien names director of benefits; Burke joins Cetera Advisors; Hub International Mountain Welcomes Executive VP; and more. Compliance EBSA to Host Health Benefits Seminar in Las Vegas Small and midsize employers have an opportunity to learn more about complying with federal and state health care laws next month. SMALL TALK ON THIS DATE: In 1829, English scientist James Smithson established the Smithsonian Institution. In 1862, during the first Battle of Gaines’ Mill in the Civil War, Confederate forces under General Robert E. Lee attacked Union troops, driving them back in disorder and forcing them to withdraw to the south side of the Chickahominy River. In 1871, although the yen was first minted in 1869, the currency was adopted as Japan’s official monetary unit two years later, when the government suspended the exchange of clan notes, money issued by feudal lords that had circulated since the 16th century. In 1950, President Harry S. Truman ordered U.S. air and naval forces to South Korea to aid the democratic nation in repulsing an invasion by communist North Korea. In 1977, Djibouti gained its independence from France. In 1985, after 59 years, Route 66 entered the realm of history when the American Association of State Highway and Transportation Officials decertified the road and voted to remove all its highway signs. 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