May 20th, 2024 Insight on Plan Design & Investment Strategy Every Weekday AWARDS Meet the 2024 Plan Sponsor of the Year Finalists PLANSPONSOR is pleased to publish profiles of all the 2024 Plan Sponsor of the Year finalists. Winners will be revealed on June 5 at the Plan Sponsor National Conference. Benefits What Adding a Fidelity Student Loan Matching Program Means for a Large Plan Sponsor In less than a year in the program, News Corp. reports strong uptake from participants enthusiastic about repaying loans while continuing to save for retirement.   Most Read Compliance IRS Announces 2026 HSA Limits Compliance Sweeping Republican Tax Bill Leaves Retirement Policy Mostly Untouched Compliance California District Court Dismisses Forfeitures Class Action Against Kaiser Foundation ECONOMIC EVENTS Wednesday, the National Association of Realtors will report existing home sales for April. Thursday, the Department of Labor will issue its initial jobless claims report, the Census bureau will report new home sales and Freddie Mac will update average mortgage rates for the week. MARKET MIRROR Friday, the Dow rose 134.21 points (0.34%) to close at 40,003.59, the Nasdaq fell 12.36 points (0.07%) to close at 16,685.97 and the S&P 500 rose 6.17 points (0.12%) to close at 5,303.27. The Russell 2000 fell 0.53 points (0.03%) to close at 2,095.72, and the FT Wilshire 5000 Index rose 56.68 points (0.11%) to close at 53,273.21. The 10-year Treasury note fell 4/32, bringing the yield to 4.426%. The 30-year Treasury bond fell 9/32, bringing the yield to 4.563%. For the week ending May 17, the Dow rose 1.24%, the Nasdaq rose 2.11% and the S&P 500 rose 1.54%. The Russell 2000 rose 1.74%, and the FT Wilshire 5000 Index finished 1.53% higher. Benefits Increased M&A of U.S. Hospitals Leads to Turnover, Benefits Confusion When a hospital goes through a merger or acquisition, health care workers must deal with salary and benefits changes, which can lead to stress and distrust in senior management. DEALS AND PEOPLE Retirement Industry People Moves Prudential names a new head of global investment strategy; Empower announces chief compliance officer; The Retirement Advantages hires a plan consultant; and more. SMALL TALK In 1784, the Netherlands yielded to the U.K. some of its holdings in India and Indonesia in a treaty signed as part of the Peace of Paris, a collection of treaties to conclude the American Revolution. In 1799, French author Honoré de Balzac was born in Tours, France. In 1806, economist and philosopher John Stuart Mill was born in London. In 1862, President Abraham Lincoln signed the Homestead Act. In 1873, Levi Strauss and Jacob Davis were granted a patent for using copper rivets to strengthen certain areas of trousers, notably pocket corners; the patent was credited with giving rise to blue jeans. In 1882, Germany, Austria-Hungary and Italy secretly formed the Triple Alliance, a treaty organization that provided for mutual protection against attacks by other European powers until Italy entered World War I. In 1902, Cuba gained independence from the U.S., which had taken control of the island in 1899 after defeating Spain in the Spanish-American War. In 1946, singer and actor Cher was born in El Centro, California. In 2002, the Democratic Republic of Timor-Leste officially became independent from Indonesia. In 2015, David Letterman stepped down as host of the “Late Show with David Letterman.” 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