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PLANSPONSOR NEWSDASH LOGO November 8th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Crypto Advocate ForUsAll Would Drop DOL Suit if Guidance Not Enforced
Crypto Advocate ForUsAll Would Drop DOL Suit if Guidance Not Enforced
CEO David Ramirez says the firm will drop its lawsuit against the DOL so long as the agency confirms its warning on cryptocurrency does “not have the force of law.”
Investing
October Was Another Light Trading Month For 401(k) Investors
Traders favored stable value funds, with outflows coming from target-date funds and company stocks.
Most Read
Compliance
Senator Cardin Worried SECURE 2.0 Won’t Pass This Year
Investing
Morgan Stanley Expands Robo-Advising Tech with Blooom Purchase
Compliance
Republicans Move to Prevent SEC Climate Disclosure Requirements
MARKET MIRROR
Monday, the Dow gained 423.78 points (1.31%) to close at 32,827.00, the Nasdaq increased 89.26 points (0.85%) to end trading at 10,564.52 and the S&P 500 increased 36.25 points (0.96%) to close at 3,806.80. The Russell 2000 gained 9.94 points (0.55%) to close at 1,809.81 and the Wilshire 5000 was down 323.92 points (0.86%) to close at 37,959.37.

The price of the 10-year Treasury note increased 2/32, bringing the yield down to 4.216%. The price of the 30-year Treasury bond increased 2/32, bringing the yield down to 4.322%. 
Compliance
ERISA Industry Committee Asks Federal Court To Consider Motion
The ERISA Industry Committee has joined an amicus brief, with the U.S. Chamber of Commerce, asking a federal appeals court to uphold the dismissal of a 401(k) lawsuit. 
Data and Research
Women, Millennial and Gen Z Workers Struggle to Reach Personal Financial Goals
New Prudential Financial data shows a gender gap — in outlooks on work and money and gaps between generations — in the workforce 
EVENTS
Exploring ESG Investing Conference
Join us Thursday, November 10, for a virtual conference to learn about regulations for environmental, social and governance investing in retirement plans; the debate over whether ESG factors are financial/performance factors; and what allocators, plan sponsors and advisers should consider when deciding whether and how to use ESG investments. 
SMALL TALK
ON THIS DATE: In 1837, one of the first institutions of higher education for women in the United States, Mount Holyoke Female Seminary, now Mount Holyoke College, opened in Massachusetts. In 1864, President Abraham Lincoln was reelected to a second term in office. In 1889, Montana became the 41st U.S. state. In 1954, the American League approved the transfer of the M.L.B. Philadelphia Athletics baseball team to Kansas City. In 1960, politician John F. Kennedy was narrowly elected president of the U.S. In 1966, President Lyndon B. Johnson signed a bill allowing the N.F.L. to merge with the American Football League. In 1972, the cable television company HBO officially debuted as it aired the 1971 film Sometimes a Great Notion, which starred Paul Newman. In 1994, during the midterm elections, Republicans won control of the House of Representatives and the Senate for the first time in 40 years. In 2016, Republican Donald Trump was elected the 45th president of the United States, though his Democratic opponent, Hillary Clinton, won the popular vote by more than 2.8 million. In 2020, Canadian-born American television personality Alex Trebek, longtime host of the TV game show Jeopardy!, died at age 80.
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