June 6th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Interest Grows Among Employers in Retaining Retiree Assets In-Plan Cost, administrative work and fiduciary duties are all considerations when contemplating changing from traditional retirement plan structures. Compliance Pilot Claims American Airlines Prioritized ‘Underperforming’ ESG Funds A class action complaint brought against American, Fidelity and Edelman Financial Engines targets ESG 401(k) investments. Most Read Benefits Health Care Cost Control to Take Center Stage in 2026 Compliance House Passes Legislative Package Allowing CITs in 403(b) Retirement Plans  Ask the Experts Can an Employer Match Catch-Up Contributions? ECONOMIC EVENTS New orders for manufactured goods in April, up four of the last five months, increased $2.6 billion or 0.4% to $577.5 billion, the Census Bureau reported. This followed a 0.6% March increase. Shipments, down five of the last six months, decreased $2.5 billion or 0.4% to $572.3 billion. This followed a 0.6% March decrease. Unfilled orders, up four of the last five months, increased $10.4 billion or 0.8% to $1,291.3 billion. This followed a 0.4% March increase.  MARKET MIRROR Monday, the Dow lost 199.90 points (0.59%) to close at 33,562.86, the Nasdaq lost 11.34 points (0.09%) to close at 13,229.43 and the S&P 500 lost 8.58 points (0.20%) to close at 4,273.79. The Russell 2000 fell 24.19 points (1.32%) to close at 1,806.71 and the FT Wilshire 5000 Index fell 122.51 points (0.28%) to close at 43,059.03. The price of the 10-year Treasury note was unchanged, bringing the yield to 3.688%. The price of the 30-year Treasury bond was unchanged, bringing the yield to 3.889%. Administration Use of RFPs Versus RFIs Contrast For Plan Sponsors Employers in disparate principal businesses approach RFPs versus RFIs differently, as plan sponsors perform searches for employee benefit providers News Biden Signs Debt Ceiling Bill, Averting Government Default President Joe Biden signed the bill into law on Saturday, suspending the debt ceiling until 2025.   SMALL TALK ON THIS DATE: In 1844, the Young Men’s Christian Association began in London. In 1892, Chicago’s elevated Loop train line began operating, and it became one of the longest and busiest mass transit systems in the United States. In 1925, the Chrysler Corporation was incorporated, with Walter P. Chrysler as president. In 1934, the Securities and Exchange Commission was established. In 1944, led by General Dwight D. Eisenhower, an Allied armada of ships, planes, and landing craft and some 156,000 troops began the invasion of northern France from England—the “D-Day” of World War II. In 1998, TV show “Sex and the City,” starring Sarah Jessica Parker, aired on HBO. In 2004, for her performance in “A Raisin in the Sun,” Phylicia Rashad became the first African American to win a Tony Award for best actress. In 2015, American Pharoah won the Belmont Stakes, becoming the first Thoroughbred in more than 35 years to capture horse racing’s Triple Crown. 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