NewsDash – October 9, 2024

October 9th, 2024
Insight on Plan Design & Investment Strategy Every Weekday

Investing

Participants Show Interest in Alternative Investments, but Knowledge Gaps Remain

In a new Schroders survey, workers expressed interest in private market investments, but many do not understand the benefits of these assets and consider them ‘risky.’

Compliance

Public Sector Increasingly Relies on CISOs Amid Continued Digital Threats

According to a Deloitte-NASCIO survey, these executives are leading state and local governments’ responses to the constant threat of cyberattack.

Most Read

Products
OneDigital Expands DC Plan Portfolios With Alternative Investments

Data and Research
Younger Generations’ Top Worry? Building Emergency Savings

Compliance
Supreme Court Signals Openness to Letting Actuaries Set Assumptions After Valuation Date

MARKET MIRROR

Tuesday, the Dow rose 126.13 points (0.30%) to close at 42,080.37, the Nasdaq rose 259.01 points (1.45%) to close at 18,182.92 and the S&P 500 rose 55.19 points (0.97%) to close at 5,751.13. The Russell 2000 gained 1.89 points (0.09%) to close at 2,194.98, and the FT Wilshire 5000 Index gained 491.83 points (0.86%) to close at 57,489.89.

The 10-year Treasury note increased 1/32, bringing the yield to 4.017%. The 30-year Treasury bond increased 1/32, bringing the yield to 4.304%.

Data and Research

Deadline Extended for Participating in the 2024 PLANSPONSOR DC Survey

Plan sponsors have until November 8 to complete the survey that can help them learn how their retirement plan stacks up against others in the same industry.

Ask the Experts

What are the IRS Deadlines for 403(b) Plan Restatement and Amendment?

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

SMALL TALK

ON THIS DATE: In 1635, Roger Williams was banished from the Massachusetts Bay Colony; as a result, he later founded the colony of Rhode Island. In 1888, the Washington Monument—a marble-faced granite obelisk that honors the first U.S. President, George Washington—opened to the public in Washington, D.C. In 1936, the Boulder Dam (later called Hoover Dam), on the Arizona-Nevada border, began generating electricity for such areas as Los Angeles, which celebrated with a parade. In 1965, Jamaican sprinter Deon Hemmings was born in St. Anns, Jamaica. She was the first Jamaican woman to win an Olympic gold medal and once held the Olympic record for the women’s 400-meter hurdles. In 1990, David Souter took his seat as a U.S. Supreme Court associate justice. In 2004, for the first time in Afghanistan’s history, voters went to the polls to choose a president, selecting Hamid Karzai, who had served as the interim president after the fall of the Taliban regime in 2001. In 2012, a Taliban shooter shot 15-year-old Pakistani activist Malala Yousafzai, a vocal opponent of the ultraconservative group’s prohibition on the education of girls; despite being struck in the head, she survived the assassination attempt.

Industry Intel Roundup—Featured White Paper

PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring white papers offering key insights and analysis about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.