September 21st, 2023 Insight on Plan Design & Investment Strategy Every Weekday Participants Is the UAW’s Demand for Return of Pensions a Realistic Ask? In addition to wage increases and an end to wage tiers, the United Auto Workers are demanding the return of defined benefit pension plans, as well as retiree health care coverage. Benefits Conduent Sells HSA Assets for $425M in Leaving FSA Business The business process provider is transferring to HealthEquity more than $2 billion of assets held in its BenefitWallet Health Savings Account portfolio. Most Read Deals and People LPL Terminates CEO Dan Arnold Administration IRS Provides Tax Relief for Those Impacted by Hurricane Helene Benefits Implementing Retirement Income Strategies MARKET MIRROR Wednesday, the Dow fell 76.85 points (0.22%) to close at 34,440.88 the Nasdaq fell 209.06 points (1.53%) to close at 13,469.13 and the S&P 500 fell 41.75 points (0.94%) to close at 4,402.20. The Russell 2000 fell 16.43 points (0.90%) to close at 1,810.10, and the FT Wilshire 5000 Index fell 406.56 points (0.91%) to close at 44,335.54. The 10-year Treasury note rose 2/32, bringing the yield to 4.414%. The 30-year Treasury bond rose 1/32, bringing the yield to 4.45o.  SPECIAL COVERAGE Benefits Equity A review of what plans sponsors are doing to ensure they provide equitable benefits for participants across gender, racial and age groups.  EVENTS PLANSPONSOR Roadmap Livestream Prepare for the participant financial security journey! Get tips for creating and implementing your financial wellness benefits. Get ready for 2024 retirement plan administration with the latest SECURE 2.0 updates and more. Register to attend the Roadmap Livestream on October 10. SMALL TALK ON THIS DATE: In 1931, the Bank of England dropped the gold standard, and the pound sterling promptly lost 28% of its value. In 1937, English writer J.R.R. Tolkien’s “The Hobbit,” a coming-of-age fantasy that became a classic, was published. In 1957, the TV series “Perry Mason,” which was based on a mystery series by Erle Stanley Gardner, debuted and became hugely popular, especially noted for Raymond Burr’s portrayal of the title character. In 1972, Philippine President Ferdinand Marcos imposed martial law in the Philippines, beginning a period of harsh authoritarian rule. In 1981, Belize gained its independence from the U.K. In 2001, the Dow Jones industrial average posted its largest weekly loss of 14.3% since the Great Depression. In 2004, the band Green Day released its iconic American Idiot, which later won a Grammy Award for best rock album and was adapted into a rock opera. In 2013, Al-Shabaab militants launched a terrorist attack on the Westgate shopping center in Nairobi, which ended three days later and left more than 65 people dead, including Ghanian poet and novelist Kofi Awoonor. 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