May 9th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Products AllianceBernstein Expands Access to Secure Income Portfolio Plan sponsors can access the AllianceBernstein Secure Income Portfolio. Participants Industry Leaders Address ‘Revolutionizing America’s Retirement Landscape’ Speakers at the Milken Institute’s 2024 Global Conference discussed ways the industry can address longevity issues, access to retirement savings, economic inequality and more. Most Read Benefits JPMorgan Sued Over Cost of Generic Drugs in Health Plan 2025 Service Stars Administration How FinTech, AI Tools Can Improve Administration, Access to Financial Planning MARKET MIRROR Wednesday, the Dow rose 172.13 points (0.44%) to close at 39,056.39, the Nasdaq fell 29.80 points (0.18%) to close at 16,302.76 and the S&P 500 fell 0.03 points (0%) to close at 5,187.67. The Russell 2000 fell 9.51 points (0.46%) to close at 2,055.13, and the FT Wilshire 5000 Index fell 34.30 points (0.07%) to close at 52,125.96.  The 10-year Treasury note decreased 3/32, bringing the yield to 4.502%. The 30-year Treasure note decreased 29/32, bringing the yield to 4.645%.   Compliance DOL May Not Have the Authority Over IRAs It Thinks It Has Critics of the Retirement Security Rule argue that at a minimum, DOL cannot regulate IRA to IRA rollovers. SPECIAL COVERAGE Recruiting, Hiring and Training Plan Sponsors What companies are doing to hire for their benefits teams, especially for the teams that run their retirement plans. SMALL TALK ON THIS DATE: In 1918, television interviewer and report Mike Wallace—who, while on the show “60 Minutes,” became known for his aggressive and bruising style—was born; he died in 2012. In 1939, track-and-field athlete Ralph Boston, the first man to jump more than 27 feet, was born in Laurel, Mississippi. In 1958, Alfred Hitchcock’s psychological thriller “Vertigo,” starring James Stewart and Kim Novak, premiered in San Francisco and became widely regarded as one of the greatest movies ever. In 1960, the U.S. Food and Drug Administration approved the first birth control pill. In 1974, the U.S. House Judiciary Committee began formal hearings in the impeachment investigation of President Richard Nixon. In 1980, the horror film classic “Friday the 13th,” about summer camp counselors being hunted by a masked killer, was released in theaters, and its huge success led to a popular franchise. In 2020, singer and pianist Little Richard, whose hit songs of the mid-1950s were defining moments in the development of rock and roll, died at age 87.  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