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August 7th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
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RESEARCH
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2024 PLANSPONSOR 403(b) Market Survey Published
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The 2024 PLANSPONSOR 403(b) Market Survey shows the providers who service this market, what they focus on by market segment, and the services they provide to 403(b) plan sponsors. 
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| ECONOMIC EVENTS |
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The Census Bureau and the Bureau of Economic Analysis announced that the goods and services deficit was $73.1 billion in June, down $1.9 billion from $75.0 billion in May, revised.
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| MARKET MIRROR |
Tuesday, the Dow rose 294.39 points (0.76%) to close at 38,997.66, the Nasdaq rose 166.77 points (1.03%) to close at 16,366.86 and the S&P 500 rose 53.70 points (1.04%) to close at 5,240.03. The Russell 2000 rose 25.14 points (1.23%) to close at 2,064.30, and the FT Wilshire 5000 Index rose 540.96 points (1.04%) to close at 52,424.36.
The 10-year Treasury note decreased 31/32, bringing the yield to 3.907%. The 30-year Treasury bond decreased 2 1/32, bringing the yield to 4.194%.
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ON THIS DATE: In 1942, in the Allies’ first major offensive in the Pacific theatre during World War II, U.S. Marines landed on Guadalcanal and captured the airfield from Japan, sparking a battle that lasted some six months. In 1948, at the Olympics in London, track-and-field athlete Fanny Blankers-Koen, who was pregnant with her third child, helped the Dutch team win the 4 × 100 relay, becoming the first woman to capture four gold medals at a single Games; she earlier had won the 100 meters, the 200 meters, and the 80-meter hurdles. In 1960, Côte d’Ivoire gained independence from France. In 1974, French-born Philippe Petit walked on a high wire between the newly built twin towers of the World Trade Center in New York City, about 1,350 feet above the ground. He was arrested, but the charges were later dismissed. In 1978, President Jimmy Carter declared a federal health emergency in Love Canal, a neighborhood in Niagara Falls, New York, following the leakage of toxic chemicals buried under the community; it was the worst environmental disaster involving chemical wastes in the U.S. history. In 2007, baseball player Barry Bonds hits his 756th career home run, breaking the record set by Hank Aaron. In 2015, golfer Louise Suggs, a pioneer of women’s golf who cofounded the Ladies Professional Golf Association and won 61 career LPGA tournaments, died at age 91.
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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. |  | | SPONSORED BY: Principal | May 6, 2025 | | Trump’s first 100 days: What could be next for retirement policy | | What could the first 100 days of a second Trump administration mean for retirement security? Hear from our experienced policy team as they analyze key tax and regulatory changes that could shape the future of retirement planning.
We’ll cover:
The push to extend the Tax Cuts and Jobs Act (TCJA) and its funding challenges
The potential impact on retirement tax incentives
Executive orders and regulatory updates under SECURE 2.0
Stay informed and gain insights to navigate the evolving retirement landscape. |
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|  | | SPONSORED BY: Corebridge | February 25, 2025 | | Impacts on retirement planning: Taking action on the latest changes to Medicare and Social Security | | With the recent changes in nearly every part of retirement, it can be challenging for employers—and their employees—to keep up. We seem to be in a particularly active time with new laws coming on the books, existing law sections rolling out, and changes from every corner.
In this webinar, you will get the latest information and updates to Social Security and Medicare. There is a swirl of activity in both programs, causing more concern than ever about the viability of Social Security. Plus new, hidden costs in Medicare drug plans have taken folks by surprise.
You’ll also see how these changes impact employees as they adjust their plans for retirement. Planning with high costs of goods and services along with complex law changes puts added pressure on employees’ ability to save sufficiently for retirement. |
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|  | | SPONSORED BY: Lincoln Financial Group | February 4, 2025 | | Benefits at Work: How Financial Wellness Fuels Productivity | | Today’s employees seek meaningful benefits that address their holistic health and financial well-being. To meet their expectations, 80% of employers surveyed agree that a well-rounded, competitive benefits offering is critical, according to our 2024 Small Business Owner survey. More than ever, small businesses need to invest in programs that strengthen employee productivity, loyalty, and morale.
By joining this complimentary webcast, you’ll learn how to:
• Engage today's workforce, including the changing values of millennials and Gen Z, lingering financial concerns, and the key factors driving talent attraction and retention
• Gain a competitive edge for employees with comprehensive benefits, including voluntary employee benefits coverage, retirement savings plans, and financial wellness solutions
• Provide benefits education and wellness programs to help employees take full advantage of their benefits
• Deliver a holistic employee experience with simple plan administration by using a single-source benefits provider |
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|  | | SPONSORED BY: Edelman | December 17, 2024 | | Managed Accounts as QDIA: Which Approach Works Best for Your Participants? | | Plan sponsors have multiple tools at their disposal to help deliver the right solution at the right time for their participants while maintaining their fiduciary responsibilities. Many plan sponsors have adopted managed accounts as a QDIA, whether for targeted segments of their participant population or as a broader approach. As the #1 DC managed account provider since 2008 (per Cerulli Associates), Edelman Financial Engines is excited to host this webinar and discussion.
This webinar will cover:
Different ways that plan sponsors use managed accounts as a default investment option, and the impact on participants, addressing legal and regulatory concerns with different default structures, how managed accounts and target date funds fit together in a Dual QDIA structure and insights from a leading plan sponsor that uses managed accounts as a default to understand their decision-making process and how the solution improves participant outcomes. |
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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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