November 30th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Benefits Which Matters More When Recruiting, Wages or Benefits? Employers often have to choose between competitive wages and a robust retirement package, according to panelists at a DCIIA conference. Their choice may influence what kind of workers they attract. Benefits JP Morgan Retirement Plan Sued for Restoration of Future Pension Payments A pension participant in Florida is suing after his benefits were allegedly reduced. Most Read Compliance House Passes Legislative Package Allowing CITs in 403(b) Retirement Plans  Compliance Trump Signs Executive Order Targeting ‘Politically-Motivated’ Proxy Advisers  Compliance IRS Issues Guidance Expanding HSA Access MARKET MIRROR Wednesday, the Dow rose 13.44 points (0.04%) to close at 35,430.42, the Nasdaq fell 23.27 points (0.16%) to close at 14,258.49 and the S&P 500 fell 4.31 points (0.09%) to close at 4,550.58. The Russell 2000 rose 11.00 points (0.61%) to close at 1,803.81, and the FT Wilshire 5000 Index rose 17.13 points (0.037%) to close at 45,725.57. The 10-year Treasury note rose 5/32, bringing the yield to 4.265%. The 30-year Treasury bond rose 1 23/32, bringing the yield to 4.442%. Compliance Enforcement Actions Continue to Spotlight Crypto Risks for Plan Fiduciaries The Treasury Department issued a record-breaking multi-billion dollar fine against crypto exchange Binance as part of a broad settlement with federal officials. UPFRONT How to Prepare for a Breach The question of how plan sponsors can most effectively respond to and communicate news of a data leak to their participants has been a central topic for years. DEALS AND PEOPLE  Nomination Period Open for 2024 Plan Sponsor of the Year Awards Finalists will be recognized and winners announced at PLANSPONSOR’s annual Excellence in Retirement Awards dinner in June. AWARDS Help Your Plan Adviser Get Recognized Don’t miss your chance to nominate your plan adviser for the 2024 Retirement Plan Adviser of the Year awards. Nominations for the Plan Sponsor Service, Plan Participant Service and 403(b) Plan Service categories can only come from plan sponsor clients, so we need your help in identifying the best in the business. The nomination deadline has been extended to December 8. Nominate your adviser today! SMALL TALK ON THIS DATE: In 1874, British statesman, orator and author Sir Winston Churchill, who as prime minister rallied the British people during World War II and led his country from the brink of defeat to victory, was born in Oxfordshire, England. In 1924, politician Shirley Chisholm, the first African American woman to be elected to the U.S. Congress, was born in Brooklyn, New York. In 1936, a fire virtually destroyed the Crystal Palace building in London, the glass and iron exhibition hall that housed the Great Exhibition of 1851. In 1939, after Finland refused to grant the Soviet Union a naval base and other concessions in the fall of 1939, Soviet troops attacked Finland on several fronts, initiating the Russo-Finnish War. In 1966, Barbados achieved full independence from the U.K. In 1982, singer and songwriter Michael Jackson released “Thriller,” which became the best-selling album in the world and won a record-setting eight Grammy Awards. In 1999, Exxon and Mobil formally merged, becoming ExxonMobil, one of the world’s leading oil and energy businesses. In 2004, after winning 74 straight games and more than $2.5 million—a record for U.S. game shows—Jeopardy! contestant Ken Jennings’ winning streak ended. In 2007, motorcycle daredevil Evel Knievel—who was known for his death-defying stunts, which included a spectacular jump over the fountains at Caesars Palace Hotel in Las Vegas—died at the age of 69. In 2018, George H.W. Bush, 41st president of the U.S., died at the age of 94. 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