November 23rd, 2024 Insight on Plan Design & Investment Strategy Every Weekday Compliance EBSA Criticized for Sharing Retirement Plan Information With Plaintiff Law Firm House Republicans are seeking to uncover whether the Department of Labor has shared confidential plan information with other law firms while calling on the regulator to stop the practice. Data and Research Market Research Firm Dalbar Releases Top 10 DC Websites TIAA, Fidelity and Principal’s participant websites took the top spots based on five categories. Most Read Benefits Behind the 401(k) Match: Why Employers Offer It and How to Best Design It Benefits How SECURE 2.0 Provisions Can Alter Employer Strategies for 2025, 2026 Benefits The Mechanics of Matching ECONOMIC EVENTS Tuesday, the Census Bureau will report new home sales for October. Wednesday, the Department of Labor will announce initial jobless claims. MARKET MIRROR Friday, the Dow rose 426.16 points (0.97%) to close at 44,296.51, the Nasdaq rose 31.23 points (0.16%) to close at 19,003.65 and the S&P 500 rose 20.63 points (0.35%) to close at 5,969.34. The Russell 2000 rose 42.65 points (1.80%) to close at 2,406.67, and the FT Wilshire 5000 Index rose 319.28 points (0.53%) to close at 60,269.90. The 10-year Treasury note increased 1/32, bringing the yield to 4.411%. The 30-year Treasury bond increased 3/32, bringing the yield to 4.584%. In the week ending November 22, the Dow rose 1.96%, the Nasdaq rose 1.73% and the S&P 500 rose 1.68%. The Russell 2000 rose 4.46%, and the FT Wilshire 5000 Index finished 2.15% higher. DEALS AND PEOPLE Retirement Industry People Moves Hartford Funds names Mackay as head of distribution; Mercer appoints Penner as U.S., Canada career leader; The Standard hires Tucci as national accounts sales manager; and more. 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. SMALL TALK ON THIS DATE: In 1914, baseball player Joe DiMaggio, who played his entire 13-year career in the Major Baseball League for the New York Yankees, was born. In 1936, Germany and Japan formed the Anti-Comintern Pact against the Soviet Union. In 1942, Leslie Groves and J. Robert Oppenheimer chose Los Alamos, New Mexico, as the site of Project Y, which developed the first atomic bomb. In 1975, Suriname gained its independence from the Netherlands. In 2005, Irish-born soccer player George Best, one of the premier forward’s in the game’s history, died in London. In 2016, Cuban political leader Fidel Castro, who transformed this country into the first communist state in the Western Hemisphere and became a symbol of the communist revolution in Latin America, died at age 90. In 2020, Argentine soccer star Diego Maradona, who was considered one of the greatest soccer players of all time, died at age 60. 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