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Insight on Plan Design & Investment Strategy Every Weekday
Balancing Fiduciary Duty With ESG Demand
Balancing Fiduciary Duty With ESG Demand
As desire for sustainable investments increases, retirement plan sponsors are still cautious about offering ESG funds while regulatory guidance is stalled.
Ask the Experts
Did the In-Service Distribution Age Change for 457(b) Plans?
“I work with a private 501(c)(3) health care organization that sponsors both a 403(b) and a 457(b) plan. We permit in-service distributions in our 403(b) at age 59.5, and would love to allow such distributions in our 457(b) plan as well for administrative and communication consistency purposes, but have always been told that the law that applies to 457(b) would not allow that. However, I recently read an article indicating that a SECURE Act-related provision would permit in-service distributions in 457(b) plans at age 59.5. Is that correct?”
Most Read
More TDF Underperformance Lawsuits Emerge Across US
Data and Research
Plan Sponsors and Participants Cite Different ‘Important’ Benefits
Managed Account Fees Challenged in Latest ERISA Lawsuit
Economic Events
The Conference Board Consumer Confidence Index rose sharply again in April, following a substantial gain in March. The Index now stands at 121.7 (1985=100), up from 109.0 in March. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—soared from 110.1 to 139.6. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—rose moderately, from 108.3 last month to 109.8 in April.
Market Mirror
Tuesday, the Dow was up 3.36 points (0.01%) at 33,984.93, the Nasdaq closed 48.56 points (0.34%) lower at 14,090.22, and the S&P 500 was virtually unchanged at 4,186.72. The Russell 2000 increased 3.26 points (0.14%) to 2,301.27, and the Wilshire 5000 was virtually unchanged at 44,049.36.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.623%. The price of the 30-year Treasury bond fell 1 1/32, bringing its yield up to 2.298%.
Aon, Alight Win Judgment in Hospital PRT Lawsuit
A federal judge found Aon Hewitt acted prudently, after hearing testimony about the firm’s investment actions and contractual obligations.
Deals and People
Ascensus Leader Discusses New Private Equity Backing
Ascensus CEO David Musto says the deal is about continuing to invest in new capabilities, technology and solutions.
Small Talk
ON THIS DATE: In 1789, a mutiny on the British ship Bounty took place when a rebel crew took the ship and set sail to Pitcairn Island. The mutineers left Captain W. Bligh and 18 sailors adrift. In 1914, W.H. Carrier patented the design of his air conditioner. In 1952, the U.S. occupation of Japan officially ended when a treaty with the U.S. and 47 other countries went into effect. In 1967, boxing champion Muhammad Ali refused to be inducted into the U.S. Army and was stripped of his heavyweight title. Ali, a Muslim, cited religious reasons for his decision to forgo military service. In 1985, the largest sand castle in the world was completed near St. Petersburg, Florida. It was four stories tall. In 1992, the U.S. Agriculture Department unveiled a pyramid-shaped recommended-diet chart. In 2000, Jay Leno received a star on the Hollywood Walk of Fame.
WEDNESDAY WISDOM: “Nature does not hurry, yet everything is accomplished.”—Lao Tzu, Chinese philosopher
Industry Intel Roundup—Featured Webcasts
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts 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.
Health benefits blueprint: Six ways to help employees stay healthy and productive while controlling costs
More is being asked of employers and the workplace benefits they offer—including health care. Our session draws on the latest research to uncover six ways employers can help employees stay healthy and productive while controlling costs—from better decision support and navigation to more robust strategies for tackling mental health, helping employees pay for care, and incubating next-gen benefits.
PLANSPONSOR Webinar: Plan Design Consideration to Boost Outcomes
Sponsored by AIG Retirement Services Research has shown that automatic enrollment has done much to improve the retirement savings of Americans—especially for lower-income employees. However, auto-enrollment must be paired with additional features to ensure retirement plan participants accumulate sufficient savings. How should plan sponsors think about decumulation and retirement income features? And what role do emergency savings options and financial wellness solutions have in boosting retirement outcomes? Join PLANSPONSOR for a discussion with industry experts and a plan sponsor about: • What retirement plan design features have been shown to boost outcomes for participants; • Innovative ideas for plan design; and • How attention to overall financial wellness can improve retirement security for employees. Speakers will also talk about what education is needed to best set participants up for success.
PLANSPONSOR Webinar: Elements to Help Participants Prepare for Retirement
Sponsored by AIG Other than accumulating savings, employer-sponsored retirement plan participants—especially those older than 50—need to understand what their resources and expenses will be in retirement, and they need a plan for drawing down their savings to meet those expenses. Investment options that preserve savings, tools to estimate basic and health care expenses, plans for claiming Social Security and decumulation strategies will help participants approaching and in retirement feel more secure that they will not outlive their savings. At a time of rising inflation and market volatility, tools for addressing sequencing risk are also important. Join PLANSPONSOR and a panel of experts for the July installment of the Plan Progress webinar series during which the elements to help participants prepare for retirement will be discussed. Attendees will learn: • What tools will help participants estimate retirement expenses and the amount of income they can expect and will need; • Which investment options plan sponsors can include in their retirement plan lineups to help participants preserve their savings; and • The differences between retirement income/decumulation options that plan sponsors can offer to participants. Speakers will delve into how plan sponsors can incorporate retirement income options in their plans.
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