May 23rd, 2024 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Many Employers Seek Help Navigating ‘Uncharted Waters’ of SECURE 2.0 Plan sponsors are searching for advisers and consultants who are highly knowledgeable about SECURE 2.0 provisions, according to a new UBS survey. Compliance Bill Creating Crypto Regulatory Structure Moves Through House Critics say the bill significantly weakens the regulatory structure on crypto assets. Most Read Investing Empower to Offer Private Investments in 401(k) Plans Data and Research Employers, Workers Have Disconnect Between Employee Needs, Benefits Strategies  Benefits Benefits Council Proposes New Ways to Use Retirement Surpluses to Boost Benefits, Raise Revenue ECONOMIC EVENTS Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—decreased 1.9% from March to a seasonally adjusted annual rate of 4.14 million in April, the National Association of Realtors reported. Year-over-year, sales fell 1.9% (down from 4.22 million in April 2023). MARKET MIRROR Wednesday, the Dow fell 201.95 points (0.51%) to close at 39,671.04 the Nasdaq fell 31.08 points (1.08%) to close at 16,801.54 and the S&P 500 fell 14.40 points (0.27%) to close at 5,307.01. The Russell 2000 fell 16.65 points (0.79%) to close at 2,081.71, and the FT Wilshire 5000 Index fell 176.22 points (0.33%) to close at 53,258.43. The 10-year Treasury note was flat, bringing the yield to 4.428%. The 30-year Treasury bond was flat, bringing the yield to 4.542%. Data and Research Market Performance Drove up 401(k) Account Balances in 2023 ICI data shows 15% growth year-over-year to $7.4 trillion, the second highest mark in history. Financial Wellness Savings Need to Last An overlooked factor in financial wellness is participant withdrawal rates. SMALL TALK ON THIS DATE: In 1707, Swedish botanist and explorer Carolus Linnaeus was born in Råshult. In 1915, Italy declared war on Austria-Hungary, entering World War I on the side of the Allies. In 1934, outlaws Bonnie and Clyde were killed in a police shoot-out near Gibsland, Louisiana. In 1951, China formally annexed Tibet as an autonomous region, giving rise to a Tibetan independence movement—led by the Dalai Lama, winner of the 1989 Nobel Peace Prize—which has continued into the 21st century. In 1980, the horror film “The Shining,” directed by Stanley Kubrick, which adapted Stephen King’s 1977 novel, was released in theatres, starring Jack Nicholson and Shelley Duvall. In 2000, entertainer Eminem released “The Marshall Mathers LP,” which became the fastest-selling album in the history of Hip-Hop. In 2015, mathematician John Nash, winner of the 1994 Nobel Prize for Economics for his landmark work on game theory died at age 86. 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