October 18th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Benefits PLANSPONSOR Webinar: Your HSA Questions Answered Experts caution that when plan sponsors consider adding health savings accounts, the employers must contemplate complex questions and examine the demographics of their workforce. Products Bitwage Partnership Brings Crypto to 401(k) Plans, Payroll Bitwage and ForUsAll have partnered on a new platform that will allow employees to automatically contribute a portion of their paycheck to crypto. Most Read Compliance IRS Reminds Plan Sponsors of Plan Amendment Deadlines Investing Morningstar to Change Medalist Rating Methodology for Managed Investments Compliance Express Scripts Sues FTC for ‘Defamatory’ Report ECONOMIC EVENTS Monday, the Dow gained 550.99 points (1.86%) to close at 30,185.82, the Nasdaq increased 354.41 points (3.43%) to end trading at 10,675.80 and the S&P 500 gained 94.88 points (2.65%) to close at 3,677.95. The Russell 2000 was up 53.35 points (3.17%) to close at 1,735.75 and the Wilshire 5000 gained 988.38 points (2.76%) to close at 36,767.01. The price of the 10-year Treasury note increased 1/32, bringing the yield down to 4.013%. The price of the 30-year Treasury note decreased 3/32, bringing the yield up to 4.021%. PROVIDER RELATIONSHIPS | FIDUCIARY INSURANCE The Cost of Protection Managing the growing expense of liability coverage. SURVEYS DC Survey Now Open For more than 20 years, PLANSPONSOR’s annual Defined Contribution Survey has provided benchmarking data for nearly 50 industries/business sectors and for 401(k), 403(b), and other DC plans, as well as nonqualified plans. Represent your industry and plan type by participating, and you’ll receive a free benchmarking report. SMALL TALK ON THIS DATE: In 1767, the Mason-Dixon line was agreed upon as the boundary between Maryland and Pennsylvania. In 1867, the U.S. formally acquired Alaska after purchasing the territory from Russia for $7.2 million, or less than two cents an acre. In 1898, one year after Puerto Rico won self-rule from Spain, U.S. troops raised the flag over the Caribbean nation to formalize U.S. authority over the island. In 1931, inventor Thomas Edison, died in West Orange, N.J. In 1950, Connie Mack announced that he was going to retire after 50 seasons as the manager of the Philadelphia Athletics. In 1977, during the sixth game of the World Series against the Los Angeles Dodgers, New York Yankees outfielder Reggie Jackson hit three home runs in a row off of three consecutive pitches from three different pitchers. In 2007, after eight years of self-imposed exile, Benazir Bhutto—who, as two-time prime minister (1988–90 and 1993–96) of Pakistan, was the first woman leader of a Muslim nation in modern history—returned to her home country, and hours later she was nearly killed when her motorcade was bombed in Karachi; she was assassinated in December. 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