October 17th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Benefits Is It Time for an ERISA Reboot? Many industry experts believe there is a need for an ‘ERISA 2.0’ that includes a stronger framework for universal coverage, lifetime income, defaults and more. Data and Research Women Still Less Likely Than Men to Feel Ready for Retirement Generation X women are also the least likely to have a financial plan, according to a Northwestern Mutual study. 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 314.25 points (0.93%) to close at 33,984.54, the Nasdaq rose 160.75 points (1.20%) to close at 13,567.98 and the S&P 500 rose 45.85 points (1.06%) to close at 4,373.63. The Russell 2000 rose 27.35 points (1.59%) to close at 1,747.06, and the FT Wilshire 5000 Index rose 494.73 points (1.14%) to close at 43,938.21. The 10-year Treasury note fell 28/32, bringing the yield to 4.714%. The 30-year Treasury bond fell 1 3/32, bringing the yield to 4.856%.  Compliance American Airlines Motion Argues ESG Funds Theory is “Wrong” The argument about ESG funds by former pilot Bryan Spence ‘runs headlong into the Supreme Court's instruction,’ according to the defendants. Plan Design Upgraded NQDC Plans Sponsors get creative with how they use these supplemental benefits. EVENTS Navigating ESG What is the current status of ESG investing for asset owners, plan sponsors and plan advisers? Who are the experts and where can investors go for information? What questions should investors ask as part of their due diligence? These questions and more will be discussed at the 2023 Navigating ESG Livestream event on November 8.  SMALL TALK ON THIS DATE: In 1777, British General John Burgoyne surrendered his troops following defeat in the Second Battle of Saratoga during the American Revolution. In 1854, British and French troops began the Siege of Sevastopol during the Crimean War. In 1918, actor Rita Hayworth was born. In 1939, the film “Mr. Smith Goes to Washington,” starring James Stewart, had its world premiere. In 1968, the action film “Bullitt” was released. In 1972, rapper and actor Eminem was born. In 1979, Mother Teresa, founder of a Roman Catholic order of women dedicated to the poor and particularly to the destitute of India, was named the recipient of that year’s Nobel Prize for Peace. In 1989, a magnitude 6.9 earthquake rocked northern California during Game 3 of the Major League Baseball World Series between the San Francisco Giants and Oakland Athletics at Candlestick Park, forcing postponement of the matchup. The series resumed 10 days after the earthquake, which killed 67, injured more than 3,700 and caused an estimated $5 billion in property damage. In 2018, recreational marijuana became legal in Canada. 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