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April 26th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
Sales of new single‐family houses in March were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.6% above the revised February rate of 623,000, but is 3.4% below the March 2022 estimate of 707,000.
The Conference Board Consumer Confidence Index fell in April to 101.3, down from 104.0 in March. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased to 151.1 from 148.9 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—fell to 68.1 from 74.0.
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| MARKET MIRROR |
Tuesday, the Dow fell 344.57 points (1.02%) to close at 33,530.83, the Nasdaq fell 238.05 points (1.98%) to close at 11,799.16 and the S&P 500 fell 65.41 points (1.58%) to close at 4,071.63. The Russell 2000 fell 42.92 points (2.40%) to close at 1,745.95 and the Wilshire 5000 lost 698.40 points (1.71%) to close at 40,157.17.
The 10-year Treasury note increased 8/32, bringing the yield to 3.402%. The 30-year Treasury bond increased 31/32, bringing the yield to 3.661%.
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ON THIS DATE: In 1865, 12 days after assassinating U.S. President Abraham Lincoln, John Wilkes Booth was killed at a Virginia farm either by a U.S. solider or by his own hand. In 1886, American blues singer Ma Rainey was born. In 1933, Hermann Göring formed the Gestapo, the political police of Nazi Germany that eliminated opposition and was involved in the roundup of Jews throughout Europe for deportation to extermination camps. In 1964, with the merger of Tanganyika and Zanzibar, the United Republic of Tanzania was founded. In 1986, a devastating catastrophe occurred when an explosion and fire at the Chernobyl nuclear power plant in Ukraine released large amounts of radioactive material into the atmosphere. In 1989, actress Lucille Ball – a long time comedy star of American television, best known for her classic comedy series “I Love Lucy” – died at the age of 77.
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| Industry Intel Roundup—Featured Webinars | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. |  | | September 19, 2024 | | Financial Wellness | | Plan sponsors, advisers and policy experts will offer suggestions for how best to define and measure the financial wellness of participants and drive financial confidence. The panel will also review how they evaluate the myriad new offerings appearing as a result of the voluntary benefits provisions of SECURE 2.0. Attendees will come away with tangible metrics for determining which programs will offer the most useful and valuable programs for their employees. |
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| | | December 12, 2024 | | Plan Benchmarking | | How do plan sponsors determine the right goals for their plans or measure plan success? What tools are available to benchmark retirement plans? What should plans be measuring and how often? What kinds of actions or improvements can measurements drive? These questions and more will be answered in PLANSPONSOR’s final editorial webinar of 2024. |
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|  | | SPONSORED BY: Principal Financial Group | June 26, 2024 | | Best practices to manage defined benefit plan costs and risks | | Defined benefit plan sponsors are faced with a myriad of challenges when assessing the impact of plan costs and risks across their organization. Join our panel of pension specialists and learn about the:
- strategies to reduce Pension Benefit Guaranty Corporation (PBGC) premiums.
- value of accurate data. - benefits of consolidating service providers.
- importance of re-examining the DB plan formula.
- advantages of hedging risk before and after a pension risk transfer. |
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|  | | SPONSORED BY: Corebridge Financial | June 20, 2024 | | The Future of Work in an Aging World | | A combination of longer life expectancy and plunging birth rates has created a very different demographic future, especially in industrialized countries. In the US, we are entering Peak 65®, the period when most of the Baby Boom generation will have already retired, and by the end of this decade, people over the age of 65 in the US will outnumber people under the age of 18 for the first time ever. Over the last century, the population over the age of 65 has grown at a rate five times faster than the total population and will continue to do so for the foreseeable future.
Other countries have begun to feel the consequences of aging long before the US. In Japan, 30% of the population is already over 65, and 10% is over 80. Countries like Japan, South Korea and Singapore have already begun to reshape work, retirement, health care, and housing rules to prepare for the “silver tsunami”.
These changes will have profound implications on everything from how we work to how and when we retire to how we think about healthy aging.
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|  | | SPONSORED BY: Newport, an Ascensus company | June 13, 2024 | | Gain the Edge: Navigating NQDC Trends | |
Recent changes in the nonqualified deferred compensation (NQDC) plan landscape present new opportunities for employers. Tap into the latest trends—and use them to your advantage.
Newport, an Ascensus company, and PLANSPONSOR have partnered to bring you the 2024 Newport/PLANSPONSOR NQDC Trends Survey. Don’t miss this year’s webinar, where our experts will share critical insights from the report.
Leveraging data from over 268 of the country’s leading employers, this report is the retirement industry’s broadest and most comprehensive employer view of NQDC plans. |
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