September 12th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Benefits Social Security COLA for 2025 Projected at 2.5% This projection for next year’s cost-of-living adjustment comes as the Consumer Price Index rose 2.5% over the last year, according to the Bureau of Labor Statistics. Deals and People Voya Announces Acquisition of OneAmerica’s Retirement Plan Business Deal will bring Voya more than $60 billion in AUA and new capabilities including employee stock ownership plans. Most Read Compliance Retirement Industry Mostly Applauds ‘Big Beautiful Bill’ Compliance DOL Backs Companies on 401(k) Plan Forfeiture Complaints Investing Empower Responds to Warren, Urging Private Markets Inclusion in 401(k)s ECONOMIC EVENTS In August, the Consumer Price Index for All Urban Consumers rose 0.2%, seasonally adjusted, and rose 2.5% over the last 12 months, not seasonally adjusted, the Bureau of Labor Statistics announced. The index for all items less food and energy increased 0.3% in August; up 3.2% over the year. MARKET MIRROR Wednesday, the Dow rose 124.75 points (‎0.31%) to close at 40,861.71, the Nasdaq rose 369.65 points (‎2.17%) to close at 17,395.53 and the S&P 500 rose 58.61 points (1.07%) to close at 5,554.13. The Russell 2000 rose 6.41 points (0.31%) to close at 2,103.85, and the FT Wilshire 5000 Index rose 561.27 points (1.02%) to close at 55,429.91. The 10-year Treasury note decreased 1/32, bringing the yield to 3.658%. The 30-year Treasury bond was unchanged, bringing the yield to 3.969%. Benefits IBM Completes $6B Pension Risk Transfer With Prudential Latest deal comes after the multinational technology company in 2023 closed its defined contribution plan in favor of a cash-balance plan and in 2022 completed a $16B PRT.  Administration ERISA Advisory Council Continues to Investigate Retirement Income in QDIAs Testimonies from experts on embedding retirement income solutions in qualified default investment alternatives continued at Wednesday's meeting. Data and Research Accenture Offers Insights Into Recordkeeper Competitiveness Scale and specialization are cited as keys to success, says the research and consulting firm that just partnered with TIAA. SMALL TALK ON THIS DATE: In 1724, French composer of the late-Baroque period Jean-Philippe Rameau died. In 1966, the sitcom “The Monkees,” featuring a pop-rock group fashioned after the Beatles, debuted on television; although canceled after two seasons, the show enjoyed enduring popularity in syndication, backed by such hit songs as “I’m a Believer.” In 1974, Emperor Haile Selassie I of Ethiopia was deposed by the Derg, a committee of revolutionary soldiers. In 1977, South African activist Steve Biko died from injuries suffered while in police custody; he subsequently became an international martyr for South African Black nationalism. In 1992, astronaut Mae Jemison became the first African American woman to fly in space, part of the STS-37 Spacelab J mission. In 2003, country music legend Johnny Cash died at age 71. In 2014, politician Ian Paisley—who was a militant Protestant leader in the factional conflict that divided Northern Ireland from the 1960s until the early 21st century—died at age 88. 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