September 10th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Compliance Biden Administration Releases Final Rules on Mental Health Parity The updates are meant to ensure that ERISA health plans provide the same amount of coverage for mental health and substance abuse care as for physical health care benefits. Benefits The Case for State Auto-IRAs: ‘Simplest Avenue’ to Facilitate Retirement Savings For the smallest of employers, offering a state auto-IRA program provides minimal administrative and fiduciary burdens. Most Read Compliance National Rural Electric Cooperative Hit With ERISA Complaint; UnitedHealth Finalizes $69M Settlement Compliance What’s in, What’s Out of Senate’s GOP Tax Plan Data and Research Corporate Pension Funding Continues Rebound in May MARKET MIRROR Monday, the Dow rose 484.18 points (1.20%) to close at 40,829.59, the Nasdaq rose 193.77 points (1.16%) to close at 16,884.60 and the S&P 500 rose 62.63 points (1.16%) to close at 5,471.05. The Russell 2000 rose 6.37 points (0.30%) to close at 2,097.78, and the FT Wilshire 5000 Index rose 585.14 points (1.08%) to close at 54,656.12. The 10-year Treasury note increased 1/32, bringing the yield to 3.704%. The 30-year Treasury bond increased 25/32, bringing the yield to 4.003%.  Compliance Judge Sides With BAE in Plan Forfeiture Suit BAE beat a proposed class action over its use of 401(k) forfeited contributions; the ruling is one among a handful of similar cases.  Administration DOL Clarifies Scope of Cybersecurity Guidance Updated cybersecurity guidance from EBSA extends to all employee retirement benefit plans and health and welfare plans.  SMALL TALK ON THIS DATE: In 1919, Austria and the Allied powers signed the Treaty of Saint-Germain, concluding World War I. In 1955, the TV show “Gunsmoke” began airing on CBS, and by the time it ended, in 1975, the series was the longest-running western on American television. In 1974, Guinea-Bissau gained independence from Portugal. In 1984, Alex Trebek debuted as host of the TV game show “Jeopardy!” In 1988, by winning the U.S. Open, Steffi Graf completed the Grand Slam of tennis; she was the first woman to accomplish the feat since Margaret Court in 1970. In 1993, the TV series “The X-Files,” starring David Duchovny and Gillian Anderson, debuted on Fox. In 2000, Andrew Lloyd Webber’s musical “Cats” closed after 7,485 performances; it was the longest-running show on Broadway until it was surpassed by Lloyd Webber’s “Phantom of the Opera” in 2006. In 2008, the Large Hadron Collider, the world’s most powerful particle accelerator, conducted its first test operation.  Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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