May 22nd, 2024 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Financial Wellness Gap Between Men, Women Continues to Widen While overall employee financial wellness showed improvement this year, the wellness and retirement confidence gap between men and women remains an issue, according to Bank of America.  Deals and People Kevin Crain Appointed as Executive Director of Institutional Retirement Income Council Formerly the head of retirement research at Bank of America, Crain succeeds Michelle Richter-Gordon in the role. Most Read 2025 Best in Class 401(k) Plans Compliance Will Supreme Court’s Cornell Decision Cause ‘Avalanche’ of Litigation? Compliance Jury’s Decision in Pentegra MEP Case Raises Questions About Service Provider Selection MARKET MIRROR Tuesday, the Dow rose 66.22 points (0.17%) to close at 39,872.99, the Nasdaq rose 37.75 points (0.22%) to close at 16,832.62 and the S&P 500 rose 13.28 points (0.25%) to close at 5,321.41. The Russell 2000 fell 4.14 points (0.20%) to close at 2,098.36, and the FT Wilshire 5000 Index rose 94.13 points (0.18%) to close at 53,434.65.  The 10-year Treasury note increased 2/32, bringing the yield to 4.421%. The 30-year Treasury bond increased 28/32, bringing the yield to 4.549%.  Cover Story The Proactive Adviser Advance thinking and attention to detail help position plans for greatness. Ask the Experts How Much of a 403(b) Balance Can a Retired Participant Roll Over to an IRA? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations. SMALL TALK ON THIS DATE: In 1885, French poet, novelist and dramatist Victor Hugo, who was the most important of the French Romantic writers, died at age 83. In 1939, Adolf Hitler of Germany and Benito Mussolini of Italy signed the Pact of Steel, a full military and political alliance between their countries. In 1942, Mexico entered World War II by declaring war on Germany, Italy and Japan. In 1960, one of the largest earthquakes on record struck the southern coast of Chile, killing about 5,700 people and creating tsunamis that caused death and destruction in distant Pacific coastal areas, notably Japan and Hawaii. In 1972, Richard Nixon arrived in Moscow, the first visit by a U.S. president to the Soviet Union. In 1992, comedian Johnny Carson, considered by many to be the king of late-night television, made his final appearance as host of “The Tonight Show.” In 2011, one of the deadliest tornadoes in U.S. history struck Joplin, Missouri, causing massive damage and killing some 160 people.   Industry Intel Roundup—Thought Leadership PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. 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