June 8th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Retirement Racial Wealth Gap Disproportionately Impacts Black, Hispanic Americans Debt and lack of access to a pension plan can make it especially difficult for Black and Hispanic Americans to maintain steady income in retirement, researchers find.  Compliance Financial Services Company CoreLogic Targeted in ERISA Suit The lawsuit seeks to recover retirement plan losses due to alleged mismanagement of CoreLogic’s 401(k) retirement plan.   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 Wednesday, the Dow rose 91.74 points (0.27%) to close at 33,665.02, the Nasdaq fell 171.52 points (1.29%) to close at 13,104.90 and the S&P 500 fell 16.33 points (0.38%) to close at 4,267.52. The Russell 2000 rose 33.05 points (1.78%) to close at 1,888.45, and the FT Wilshire 5000 Index fell 97.75 points (0.23%) to close at 43,166.46. The price of the 10-year Treasury note fell 32/32, bringing the yield to 3.797%. The price of the 30-year Treasury bond fell 1 29/32, bringing the yield to 3.948%. Special Coverage Participant Retention Topics to consider when plan sponsors are thinking about how to manage their plan to retain retirees. PARTICIPANT EDUCATION A Personalized Approach Show participants the value of a range of financial benefits. SMALL TALK ON THIS DATE: In 1916, Biophysicist Francis Crick, who along with James Dewey Watson and Maurice Wilkins received the 1962 Nobel Prize for Physiology or Medicine for their determination of the molecular structure of deoxyribonucleic acid (DNA), was born in Northampton, England. In 1955, British computer scientist Tim Berners-Lee, who was generally credited as the inventor of the World Wide Web, was born. In 1966, the National Football League and the American Football League announced a merger, which became effective in 1970. In 1968, three days after his assassination in California, Senator Robert F. Kennedy was laid to rest at Arlington National Cemetery in Virginia. In 2002, Serena Williams defeated her sister Venus Williams to win her first French Open tennis title. In 2009, the United Nations hosted its first World Oceans Day, which sought to celebrate oceans while also raising awareness of the threats that they and their marine ecosystems faced. In 2018, chef and television personality Anthony Bourdain died by suicide at the age of 61. 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