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PLANSPONSOR NEWSDASH LOGO October 4th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Insider Threats: Are Disgruntled Employees a Cybersecurity Risk?
Insider Threats: Are Disgruntled Employees a Cybersecurity Risk?
Limiting access, creating protocols aimed at keeping data safe can mitigate sabotage.
Opinions
Accumulating Differences: Why Personalization Matters More for Older Investors
Research shows how advice and recommendation needs are likely to be increasingly varied among investors as they age. 
Most Read
Administration
IRS Increases 401(k) Limit to $23,500 for 2025, IRA Limit Stays $7,000
Administration
What SECURE 2.0 Provisions Should Plan Sponsors Be Aware of in 2025?
Benefits
Plan Sponsors Weigh SECURE 2.0 Options
ECONOMIC EVENTS
In the week ending September 28, the advance figure for seasonally adjusted initial claims was 225,000, an increase of 6,000 from the previous week’s revised level of 219,000, the Department of Labor reported. The four-week moving average moving average was 224,250, a decrease of 750 from the previous week’s revised average of o 225,000.

Interest on a 30-year fixed-rate mortgage averaged 6.12% for the week ending October 3, up from last week when it averaged 6.08%, Freddie Mac reported. A year ago at this time, the 30-year FRM averaged 7.49%. Interest on a 15-year fixed-rate mortgage averaged 5.25%, up from last week when it averaged 5.16%. A year ago at this time, the 15-year FRM averaged 6.78%.
MARKET MIRROR
Thursday, the Dow fell 184.93 points (0.44%) to close at 42,011,59, the Nasdaq dropped 6.65 points (0.04%) to close at 17,918.48 and the S&P 500 fell 9.60 points (0.17%) to close at 5,699.94. The Russell 2000 fell 14.86 points (0.68%) to close at 2,180.15, and the FT Wilshire 5000 Index lost 117.34 points (0.21%) to close at 56,983.18.

The 10-year Treasury note decreased 1/32, bringing the yield to 3.864%. The 30-year Treasury bond decreased 1/32, bringing the yield to 4.186%.
Products
Apollo, Athene Working On Alts, Annuities in DC Investing
The asset manager and insurer have teams working on a product to compete among in-plan annuities.
Products
Product & Service Launches
Federated Hermes launches MDT mid cap growth CIT; PGIM partners with iJoin to expand access to PGIM RetireWell Managed Accounts; Security Benefit introduces TopRidge Bonus fixed-index annuity; and more.
SMALL TALK
In 1822, Rutherford B. Hayes, the 19th president of the United States (1877–81), who brought post-Civil War Reconstruction to an end in the South, was born. In 1853, the Crimean War began as Ottoman Turks (later joined by England and France) declared war on Russia; the fighting lasted more than two years and ended with Russia’s defeat. In 1895, American film comedian and director Buster Keaton, who was known for his deadpan expression and his imaginative and often elaborate visual comedy, was born. In 1970, American singer Janis Joplin, who was known for her fierce and uninhibited musical style, died of an accidental overdose. In 2014, Haitian politician Jean-Claude “Baby Doc” Duvalier, who was president of Haiti from 1971 to 1986, died in Port-au-Prince while he was on trial for alleged human rights abuses.
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