November 11th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Plan Design, Flexibility Outpace Employer Contributions Among Plan Sponsors’ Priorities Only 12% of employers in a recent Willis Towers Watson survey reported looking to increase their contributions to defined contribution plans over the next two years. Deals and People Make Your 2025 Plan Sponsor of the Year Nominations by December 31 The award recognizes plan sponsors that go above and beyond in their efforts to help participants with financial wellness and retirement security. Most Read Benefits Rothification, AI Advancements Among Expected Retirement Plan Trends for 2025 Data and Research State Auto-IRA Challenges Demonstrate Need for Federal Retirement Program, per BPC Data and Research Cryptocurrency Assets Make Up Small Part of 401(k) Market, GAO Finds ECONOMIC EVENTS Wednesday, the Bureau of Labor Statistics will release the Consumer Price Index report for October.  Thursday, the Department of Labor will issue its initial jobless claims report and Freddie Mac will update average mortgage rates for the week. Market Mirror Friday, the Dow rose 259.65 points (0.59%) to close at 43,988.99, the Nasdaq rose 17.32 points (0.09%) to close at 19,286.78 and the S&P 500 rose 22.44 points (0.38%) to close at 5,995.54. The Russell 2000 rose 16.95 points (0.71%) to close at 2,399.64, and the FT Wilshire 5000 Index rose 251.61 points (0.42%) to close at 60,309.18. The 10-year Treasury note increased 3/32, bringing the yield to 4.310%. The 30-year Treasury bond increased 32/32, bringing the yield to 4.473%. In the week ending November 8, the Dow rose 4.61%, the Nadaq rose 5.74% and the S&P 500 rose 4.66%. The Russell 2000 rose 8.57%, and the FT Wilshire 5000 Index finished 5.05% higher. Benefits IRS Flexible Spending Information Available for Plan Sponsors to Alert Participants The IRS is encouraging taxpayers to take advantage of flexible spending arrangements in 2025, with contribution limits set at $3,300.  Deals and People Retirement Industry People Moves Jacques Chappius named president, CEO of PGIM; Schroders appoints Americas CEO from within; Wagner Law adds cybersecurity attorney; Cetera Financial’s CEO to retire; and more. SMALL TALK ON THIS DATE: In 1889, Washington was admitted to the union as the 42nd U.S. state. In 1918, the Allied powers and Germany signed an armistice document in the railway carriage of Ferdinand Foch, the commander of the Allied armies, and six hours later World War I came to an end. In 1920, Armistice Day, the anniversary of the end of World War I, was marked with the burial of unknown soldiers in tombs in Paris and London, and a similar ceremony was held at Arlington National Cemetery, Virginia, in 1921. In 1966, Gemini 12, the last spacecraft in the Gemini series and the first to make an automatically controlled reentry into Earth’s atmosphere, was launched. In 1975, Angola declared independence after the Portuguese withdrew. In 1992, the Church of England voted to ordain women as priests; the first ordination took place two years later. In 2004, Yasser Arafat—who was president of the Palestinian Authority, chairman of the Palestine Liberation Organization and leader of Fatah, the largest of the constituent PLO groups—died in Paris. 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