March 19th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Millennials Define Retirement as Time of Greater Flexibility, Not Workforce Exit While Millennials are moderately confident they will have sufficient retirement savings, many suffer from ‘money dysmorphia,’ new research shows. Investing 2024 PS Webinar: The Evolution of QDIAs For plan sponsors, assessing their participants’ desire for both retirement income and customization are the next frontiers for target-date-fund offerings. Most Read Administration How Recordkeepers Are Supporting Participants Impacted by LA Fires Compliance FTC Issues 2nd Report Exposing Practices of Pharmacy Benefit Managers Compliance Bechtel Managed Account QDIA Lawsuit Dismissed MARKET MIRROR Monday, the Dow rose 75.66 points (0.20%) to close at 38,790.43, the Nasdaq rose 130.27 points (0.82%) to close at 16,103.45 and the S&P 500 rose 32.33 points (0.63%) to close at 5,149.42. The Russell 2000 fell 14.59 points (0.72%) to close at 2,024.74, and the FT Wilshire 5000 Index rose 273.79 points (0.53%) to close at 51,719.31. The 10-year Treasury note fell 1/32, bringing the yield to 4.334. The 30-year Treasury bond fell 25/32, bringing the yield to 4.450%. Compliance Appeals Court Pauses SEC’s Climate Disclosure Rule The U.S. 5th Circuit Court of Appeals issued a stay for a rule that included some standards set to take effect next year. Opinions Seeing Secure Income’s Benefits Feeds a Conviction It’s a must-have for defined contribution plans. EVENTS Why attend PSNC? The PLANSPONSOR National Conference, June 4-7 in Chicago, is the must-attend conference tailored for HR and finance professionals responsible for administering employer-sponsored retirement plans. Find out more about it here: SMALL TALK ON THIS DATE: In 1911, the first International Women’s Day was observed. In 1918, President Woodrow Wilson signed the Standard Time Act, which established Daylight Saving Time in the U.S.; the legislation also gave the federal government oversight of the country’s time zones. In 1931, Nevada legalized gambling, which paved the way for casinos in the state. In 1954, journalist Jill Abramson, who was the first woman to serve as executive editor of The New York Times from 2011 to 2014, was born. In 1962, musician Bob Dylan released his eponymous debut album. In 1982, Argentine forces mobilized after a dispute between Argentine workers and British scientists on British-controlled South Georgia island, leading to Argentina’s invasion of the Falklands two weeks later. In 1997, a fire in the Philippines swept through a Manila discotheque, killing 159 of the 400 people in the nightclub, which was intended to hold no more than 35. In 1997, Dutch American artist Willem de Kooning, a major exponent of Abstract Expressionism and Action painting, whose series Woman I–VI caused a stir with its violent images and impulsive technique, died at the age of 92. In 2003, President George W. Bush ordered air strikes on Baghdad, thus launching the Iraq War to oust dictator Saddam Hussein, who was believed (wrongly) to be manufacturing weapons of mass destruction. In 2008, writer Arthur C. Clarke—known for his science-fiction novels and for his work on Stanley Kubrick’s motion picture “2001: A Space Odyssey”—died at age 90. 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