August 9th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Retirement Plan Provider Technology Investments Show Success Online savings tools are gaining popularity with retirement plan participants as journey-based website designs and AI-enabled chatbots gain wider acceptance. Data and Research Workers Worry About Retirement Income as Prices Spike Millennials lead Generation X and Baby Boomers in believing that they won’t receive any benefits from Social Security upon retirement.  Most Read Compliance Regulators Clarify Part-Time Eligibility Rules for ERISA 403(b) Plans Opinions Accumulating Differences: Why Personalization Matters More for Older Investors Products Apollo, Athene Working On Alts, Annuities in DC Investing MARKET MIRROR Monday, the Dow increased 29.07 points (0.09%) to close at 32,832.54, the Nasdaq slipped 13.10 points (0.10%) to 12,644.46 and the S&P 500 sagged 5.13 points (0.12%) to close at 4,140.06. The Russell 2000 extended 19.38 points (1.01%) to 1,941.20 and the Wilshire 5000 grew 23.19 points (0.06%) to close at 41.463.10. The price of the 10-year Treasury note increased 29/32, bringing the yield down to 2.753%. The price of the 30-year Treasury bond increased 17/32, bringing the yield down to 2.981%. Investing June Slump Causes $262 Billion Drop in U.S. Public Pensions’ Assets Funded ratio for the 100 largest U.S. public funds fell to 74.0% EVENTS The Destination for Retirement Plan Innovators Are you a retirement plan adviser looking to expand your network and learn about the most innovative ideas for serving your retirement plan clients? If so, the 2022 PLANADVISER National Conference is the destination for you. Our comprehensive agenda includes networking events, educational panel discussions, an entertaining special guest and even a Fun Run. Don’t miss out! SMALL TALK ON THIS DATE: In 1790, The Columbia returned to Boston Harbor after a three-year voyage; it was the first ship to carry the American flag around the world. In 1864, Henry David Thoreau’s “Walden” was published. In 1936, Jesse Owens won his fourth gold medal at the Berlin Olympics. He was the first American to win four medals in one Olympics. In 1945, the United States dropped an atomic bomb on Japan during World War II for the second time, striking the city of Nagasaki. In 1963, Whitney Houston was born. Her single “I Will Always Love You” became the best-selling single by a female artist; she also starred in the film “The Bodyguard.” In 1974, Gerald R. Ford was sworn in as president of the U.S., succeeding Richard Nixon, who had resigned. In 1995, musician Jerry Garcia, the leader of the rock band the Grateful Dead, died of a heart attack at age 53. In 1998, Canadian hockey player Wayne Gretzky was traded from the Edmonton Oilers to the Los Angeles Kings, a deal that shocked the sports world and stunned his home country, where he was a national icon. 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