November 7th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Administration CFA Institute-Led Group Publishes New Definitions for Responsible Investment The new definitions aim to provide language for investors that allows them to communicate their responsible investment practices accurately and consistently, according to the CFA.  BENEFITS What to Consider When Adding Retirement Income Options Plan sponsors looking to branch out need to evaluate carefully and communicate clearly. Most Read Compliance Regulators Clarify Part-Time Eligibility Rules for ERISA 403(b) Plans Opinions Accumulating Differences: Why Personalization Matters More for Older Investors Products Apollo, Athene Working On Alts, Annuities in DC Investing MARKET MIRROR Monday, the Dow rose 34.54 points (0.10%) to close at 34,095.86, the Nasdaq rose 40.50 points (0.30%) to close at 13,518.78 and the S&P 500 rose 7.64 points (0.18%) to close at 4,365.98. The Russell 2000 fell 22.77 points (1.29%) to close at 1,737.94, and the FT Wilshire 5000 Index rose 0.63 points (0.00%) to close at 43,792.74. The 10-year Treasury note decreased 32/32, bringing the yield to 4.654%. The 30-year Treasury bond decreased 1 7/32, bringing the yield to 4.814%. Compliance Cost, Complexity Main Obstacles to Plan Creation by Small Businesses, Survey Says The survey also found limited awareness of SECURE 2.0. RESEARCH 2023 PLANSPONSOR NQDC Market Survey Falling under different regulations, nonqualified deferred compensation plans (NQDC) plans require a different expertise than qualified retirement plans.   SMALL TALK ON THIS DATE: In 1962, after losing the governor’s election in California, Richard Nixon gave what he called his “last press conference,” telling reporters that “you won’t have Nixon to kick around anymore”; he was elected president six years later. In 1967, lawyer and politician Carl Stokes was elected mayor of Cleveland, Ohio, becoming the first African American to lead a major U.S. city. In 1989, politician Douglas Wilder was elected governor of Virginia, becoming the first African American to win a U.S. gubernatorial election. In 1991, professional basketball player Magic Johnson announced that he was HIV-positive and was immediately retiring from the sport; he later played part of the 1995-96 season. In 1996, NASA launched Mars Global Surveyor, a robotic spacecraft design to carry out a long-term study of the planet; contact with the spacecraft was lost in 2006. In 2000, the U.S. presidential election ended in statistical tie between Democrat Al Gore and Republican George W. Bush, only to be settled on December 12 by the Supreme Court after a bitter legal dispute. The same year, politician Hillary Clinton was elected to the Senate, becoming the first first lady to win elective office. In 2016, lawyer and public official Janet Reno, who was the first female attorney general of the U.S., died at age 78. The same year, Canadian musician Leonard Cohen, a hugely influential singer and songwriter, died at age 82.  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