June 4th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Benefits Now It Is About Protecting Healthy Funded Levels Higher interest rates since 2022 have put corporate pension funds at their highest funding levels in many years, prompting plan sponsors to consider options to hold onto the gains and limit their risk. Deals and People Heidi Walsh Joins Goldman Sachs to Lead DC Large Market Institutional Sales Walsh will focus on delivering Goldman Sachs investment solutions, advisory services and more to the largest defined contribution plan sponsors in the industry. Most Read Compliance FTC Issues 2nd Report Exposing Practices of Pharmacy Benefit Managers Compliance 2025 Retirement Outlook Includes Tax Reforms, Cryptocurrency and Litigation Reform Compliance EBSA Offers Proposed ESOP Appraisal Regulations ECONOMIC EVENTS Total construction activity for April 2024 ($2,099.0 billion) was 0.1% below the revised March 2024 ($2,101.5 billion), the Census Bureau reported. MARKET MIRROR Monday, the Dow fell 115.29 points (0.30%) to close at 38,571.03, the Nasdaq rose 93.66 points (0.56%) to close at 16,828.67 and the S&P 500 rose 5.89 points (0.11%) to close at 5,283.40. The Russell 2000 fell 10.44 points (0.50%) to close at 2,059.68, and the FT Wilshire 5000 Index rose 15.93 points (0.03%) to close at 52,891.45. The 10-year Treasury note rose 30/32, bringing the yield to 4.397%. The 30-year Treasury bond rose 1 29/32, bringing the yield to 4.541%. Deals and People Marta Norton Named Chief Investment Strategist of Empower Norton is leaving Morningstar, where she held a similar position, for the newly created role at the recordkeeper and wealth manager.  Benefits Social Security’s Funding Issues are not Common Knowledge The majority of savers don’t know about Social Security’s solvency issues; though once aware, the vast majority want the government to act, according to a new Peterson Foundation survey. SMALL TALK In 1913, British suffragette Emily Davison entered the racetrack during the Epsom Derby and moved in front of King George V’s horse, which struck her; she died four days later and became a martyr to the cause of women’s suffrage. In 1919, nearly 130 years after the Declaration of Independence declared, “All Men Are Declared Equal” the Nineteenth Amendment to the U.S. Constitution, granting women the right to vote, was passed by the Senate, two weeks after being approved by the House of Representatives and the amendment was ratified the following year. In 1920, the Treaty of Trianon was signed by representatives of Hungary on one side and the Allied powers on the other, concluding World War I. In 1937, the world’s first shopping carts were introduced at Humpty Dumpty grocery stores in Oklahoma City, Oklahoma. In 1940, following a rescue effort that included civilian boats, the withdrawal of Allied troops trapped at Dunkirk, France, was completed during World War II; more than 300,000 soldiers were saved. In 1942, Japan was repulsed by the U.S. at the Battle of Midway in World War II. In 1970, the Kingdom of Tonga, in the southwest Pacific Ocean, achieved independence within the British Commonwealth. In 1975, actor Angelina Jolie was born in Los Angeles. In 1984, musician Bruce Springsteen released the album “Born in the U.S.A.”. In 2010,  basketball coach John Wooden—who directed teams of the University of California at Los Angeles to 10 NCAA championships in 12 seasons—died at age 99. 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