May 23rd, 2022 Insight on Plan Design & Investment Strategy Every Weekday Awards 2022 Plan Sponsors of the Year Finalists Get to know our 2022 Plan Sponsor of the Year finalists in the Total Retirement Offering (TRO) category. Profiles are now online. Deals and People EBSA Nominee Headed for Confirmation Vote A Senate vote is scheduled for next week on the appointment of Lisa Gomez as head of the Employee Benefits Security Administration.   Most Read Deals and People LPL Terminates CEO Dan Arnold Administration IRS Provides Tax Relief for Those Impacted by Hurricane Helene Benefits Implementing Retirement Income Strategies ECONOMIC EVENTS Tomorrow, the Census Bureau will report about new home sales for April, and Wednesday, it will report about durable goods orders for April. Thursday, the Labor Department will issue its initial claims report, and Freddie Mac will update average mortgage rates for the week.    MARKET MIRROR Friday, the Dow gained 8.77 points (0.03%) to close at 31,261.90, the Nasdaq was down 33.88 points (0.30%) to 11,354.62, and the S&P 500 increased 45.11 points (0.30%) to 3,901.36. The Russell 2000 fell 2.96 points (0.17%) to 1,773.27, and the Wilshire 5000 lost 9.07 points (0.02%) to close at 38,831.67. For the week ending May 20, the Dow fell 2.90%, the Nasdaq dropped 3.82%, and the S&P 500 was down 3.05%. The Russell 2000 decreased 1.08%, and the Wilshire 5000 fell 2.97%. The price of the 10-year Treasury note increased 5/32 bringing its yield down to 2.789%. The price of the 30-year Treasury bond was increased  1 1/32 bringing down the yield to 2.989%. Investing Plan Progress Webinar: Managing the DC Plan Investment Menu Providing retirement plan participants with access to a self-directed brokerage window demands the examination of plan demographics to determine if one is appropriate. DEALS AND PEOPLE Retirement Industry People Moves T. Rowe Price appoints senior ESG leader; Alerus names new retirement executive; Voya hires chief information security officer; and more. SMALL TALK ON THIS DATE: In 1701, at London’s Execution Dock, British privateer William Kidd, who was known as Captain Kidd, was hanged for piracy and murder. In 1788, South Carolina became the eighth state to ratify the U.S. Constitution. In 1911, at a ceremony presided over by President William Howard Taft, the New York Public Library, the largest marble structure ever constructed in the United States, was dedicated in New York City. In 1921, “Shuffle Along,” the first major African American hit musical, premiered on Broadway. In 1934, criminals Bonnie Parker and Clyde Barrow were shot to death by Texas and Louisiana police. In 1949, the Federal Republic of Germany—West Germany—was formally established as a separate and independent nation. In 1998, British Protestants and Irish Catholics of Northern Ireland approved a peace accord. 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