September 9th, 2024 Insight on Plan Design & Investment Strategy Every Weekday Compliance Lumen Technologies Faces Lawsuit Over PRT, Following Similar Cases The telecommunications company conducted a $1.4 billion pension risk transfer with Athene Annuity and Life in 2021. Data and Research Millennials’ Retirement Outlook Shows Potential Improvement as Housing Wealth Rises While Millennials faced challenges at the start of their careers and continue to carry large amounts of student debt, new research shows significant improvements in the cohort’s wealth holdings. Most Read Research 2025 Recordkeeping Survey Data and Research Fewer Plan Sponsors Terminating DB Plans Amid Risk Management Shifts Compliance Single ERISA Claim Against Liberty Mutual Allowed to Proceed ECONOMIC EVENTS  Wednesday, the Bureau of Labor Statistics will release the Consumer Price Index for August. Thursday, the Department of Labor will issue its initial jobless claims report and Freddie Mac will update average mortgage rates for the week. MARKET MIRROR Friday, the Dow fell 410.34 points (1.01%) to close at 40,345.41, the Nasdaq fell 436.83 points (2.55%) to close at 16,690.83 and the S&P 500 fell 94.99 points (1.73%) to close at 5,408.42. The Russell 2000 fell 40.65 points (1.91%) to close at 2,091.41, and the FT Wilshire 5000 Index fell 952.04 points (1.73%) to close at 54,070.98. The 10-year Treasury note increased 1/32, bringing the yield to 3.722%. The 30-year Treasury bond decreased 1/32, bringing the yield to 4.027%. In the week ending September 6, the Dow fell 2.93%, the Nasdaq fell 5.77% and the S&P 500 fell 2.93%. The Russell 2000 fell 5.69%, and the FT Wilshire 5000 finished 4.39% lower. 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. Deals and People Retirement Industry People Moves Voya names Katz as CFO; Alera Group promotes Blue to CEO; ABA re-appoints chair of employee plans group; and more.  SMALL TALK ON THIS DATE: In 1919, the Boston Police Strike began after the city denied the police’s right to unionize. In 1948, the Democratic People’s Republic of Korea (North Korea) was proclaimed, setting the stage for the Korean War. In 1956, rock and roll star Elvis Presley made his first appearance on “The Ed Sullivan Show.” In 1976, Marxist revolutionary Mao Zedong, who emerged as the Chinese Communist Party leader following the Long March and dominated China in the period after the communist takeover in 1949, died at age 82. In 1998, Special Prosecutor Kenneth W. Starr sent to Congress the report on his investigation into the actions of President Bill Clinton in the Whitewater affair and subsequent matters, including Clinton’s affair with intern Monica Lewinsky. In 2015, Elizabeth II became the longest-reigning monarch in British history, surpassing Victoria’s record reign of 63 years and 216 days. 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