September 7th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Products Car Maker Stellantis to Offer Hueler Lifetime Income Products to Employees, Retirees The Think Income program will allow Stellantis participants to browse annuity products, compare insurance providers and use educational resources. Benefits Plan Sponsors Increasingly Add Focus on Post-Retirement Strategy Modern support for participants should be ‘about much more than just managing the investment portfolio.’ Most Read Administration From Auto-IRAs to PEPs: How Small Employers Can Offer Retirement Savings Compliance Bristol-Myers Squibb, State Street Targeted in Lawsuit Over PRT Administration No Matter How Small, Businesses Have Retirement Plan Options MARKET MIRROR Tuesday, the Dow lost 198.78 points (0.57%) to close at 34,443.19, the Nasdaq lost 148.48 points (1.06%) to close at 13,872.47 and the S&P 500 lost 31.35 points (0.70%) to close at 4,465.48. The Russell 2000 lost 6.17 points (0.33%) to close at 1,874.28, and the FT Wilshire 5000 Index lost 289.66 points (0.64%) to close at 45,056.88. The 10-year Treasury note fell 2/32, bringing the yield to 4.284%. The 30-year Treasury bond rose 25/32, bringing the yield to 4.355%. Compliance DOL Sues Firm for Pocketing Participants’ 401(k) Assets The Department of Labor sued Minnesota technology consultant Virtual Matrix after an investigation found fiduciaries of the profit-sharing plan permitted the employer to benefit from plan assets. EVENTS Cybersecurity Livestream 2023 Cybersecurity is a huge concern in all areas of life, critically in the institutional investing and retirement plan industries. Plan sponsors, asset owners and their advisers want to ensure their data, assets and systems, as well as those of their providers, are safe. Learn what risks exist; optimal practices for protecting assets and data; and what regulations say, including how best to comply with them, at the 2023 Cybersecurity Livestream on October 12. SMALL TALK ON THIS DATE: In 1822, Dom Pedro I declared the independence of Brazil from Portugal. In 1860, folk painter Grandma Moses, who was internationally popular for her documentation of rural life in the U.S., was born. In 1901, with the signing of the Boxer Protocol, the Boxer Rebellion; a violent peasant uprising, that had unsuccessfully sought to drive all foreigners out of China, officially ended. In 1963, the Pro Football Hall of Fame opened in Canton, Ohio, and its first inductees included Jim Thorpe and George Halas. In 1977, President Jimmy Carter and Panamanian dictator Omar Torrijos signed a treaty agreeing to transfer control of the Panama Canal from the U.S. to Panama at the end of the 20th century. In 1979, ESPN, a cable network dedicated to sports, debuted on television. In 1996, rapper Tupac Shakur was shot by an unknown assailant and died six days later. Shakur’s killer remains unidentified. In 2005, amid low voter turnout and allegations of irregularities, Hosni Mubarak won Egypt’s first multicandidate presidential election to remain in office. 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