November 5th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Benefits Plan Sponsors Weigh SECURE 2.0 Options Implementation is still gaining steam for 2024 provisions such as offering additional emergency savings options and a match for student loan repayments.  Administration What SECURE 2.0 Provisions Should Plan Sponsors Be Aware Of in 2025? Vanguard’s David Stinnett discusses the handful of changes going into effect that will impact retirement plan administration next year. Most Read Compliance IRS Sends Final Reminder for Retirees to Take 2024 RMDs Compliance IRS Issues 2024 Required Amendment List for Qualified and 403(b) Plans Data and Research Plan Sponsors Understand Need for Guaranteed Income, but Lack ‘Annuity Fluency’ MARKET MIRROR Monday, the Dow fell 257.59 points (0.61%) to close at 41,794.60, the Nasdaq fell 59.93 points (0.33%) to close at 18,179.98 and the S&P 500 fell 16.11 points (0.28%) to close at 5,712.69. The Russell 2000 rose 8.90 points (0.40%) to close at 2,219.03, and the FT Wilshire 5000 Index fell 132.48 points (0.23%) to close at 57,277.98. The 10-year Treasury note increased 30/32, bringing the yield to 4.289%. The 30-year Treasury bond increased 1 31/32, bringing the yield to 4.467%.  Benefits Four Distressed Pension Funds Approved for PBGC Grants Support is approved for Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund. Benefits Union Workers Approve Boeing’s Latest Contract Proposal Monday The International Association of Machinists and Aerospace Workers District 751 recommended that the union workers accept Boeing’s latest contract offer. SMALL TALK ON THIS DATE: In 1832, Honduras declared its absolute independence, seceding from the United Provinces of Central America. In 1872, Susan B. Anthony, a leader in the American women’s suffrage movement, cast a ballot in the presidential election, and she was later arrested for voting illegally and convicted in a trial she called “the greatest outrage history every witnessed.” In 1914, France and Britain declared war on the Ottoman Empire, widening the conflict of World War I. In 1930, social critic Sinclair Lewis won the Nobel Prize for Literature, the first American to receive the honor. In 1940, Franklin D. Roosevelt was elected to an unprecedented third term as president of the U.S. In 1998, the journal “Nature” published a report that DNA testing had confirmed (still disputed by some) that a member of Thomas Jefferson’s family had fathered a child with the slave Sally Hemings; the testing, however, was unable to definitively prove that Jefferson was the father. In 2013, India launched its first interplanetary spacecraft, the Mars Orbiter Mission, which was unmanned.  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