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Insight on Plan Design & Investment Strategy Every Weekday
Inflation’s Drag on Income Projections
Inflation’s Drag on Income Projections
By giving information in advance, plan sponsors can help participants prepare for retirement and avoid panicking.
Ask the Experts
Satisfying Electronic Disclosure Requirements for SPDs to New Hires
“In the past, we have been providing a hard copy summary plan description (SPD) to all our new employees in their new hire packet as part of our onboarding process; however, we are looking to reduce the amount of paper we send to employees. We are thinking of including a notice in the new hire packet, that provides a link to a website where the SPD can be electronically accessed by participants. Would this be compliant with the Department of Labor’s (DOL) regulations regarding electronic disclosure with respect to new hires?”
Most Read
2021 Best in Class DC Providers
2021 Recordkeeping Survey
Participants Will Need Support to Understand Lifetime Income Projections
Economic Events
The Conference Board Consumer Confidence Index decreased in November, following an increase in October. The Index now stands at 109.5 (1985=100), down from 111.6 in October. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—fell to 142.5 from 145.5 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—fell to 87.6 from 89.0.
Market Mirror
Tuesday, the Dow lost 652.22 points (1.86%) to finish at 34,483.72, the Nasdaq decreased 245.14 points (1.55%) to 15,537.69, and the S&P 500 fell 88.27 points (1.90%) to 4,567.00. The Russell 2000 closed 37.91 points (1.69%) lower at 2,204.07, and the Wilshire 5000 plunged 948.81 points (1.98%) to 46,936.07.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 1.448%. The price of the 30-year Treasury bond climbed 1 2/32, decreasing its yield to 1.801%.
Report Offers Insight on How DOL Gets Leads for Benefit Plan Enforcements
The Employee Benefits Security Administration recovered $2.4 billion for plans, participants and beneficiaries in FY 2021.
Data and Research
Older Generations More Frequently Seeking Financial Wellness Help
Research shows people of all ages are increasingly turning to financial planners and advisers for help with overall financial wellness as well as retirement planning.
Small Talk
ON THIS DATE: In 1824, as no presidential candidate had received a majority of the total electoral votes in the year’s election, Congress turned over the presidential election to the House of Representatives, as dictated by the 12th Amendment to the U.S. Constitution. In 1835, Hans Christian Andersen published his first book of fairy tales. In 1913, Ford Motor Co. began using a new movable assembly line that ushered in the era of mass production. In 1941, in the U.S., the Civil Air Patrol was created. In 1955, in Montgomery, Alabama, Rosa Parks was jailed for refusing to give up her seat on a public bus to a white man, a violation of the city’s racial segregation laws. In 1959, 12 nations, including the United States and the Soviet Union, signed the Antarctica Treaty, which banned military activity and weapons testing on that continent. In 1989, East Germany’s Parliament abolished the Communist Party’s constitutional guarantee of supremacy. In 1998, Exxon announced that it was buying Mobil for $73.7 billion, creating the largest company in the world to date. In 2013, CEO Jeff Bezos revealed “Amazon Prime Air” on “60 Minutes.” The service was to use unmanned aerial vehicles to deliver packages to customers.
WEDNESDAY WISDOM: “A bookstore is one of the only pieces of evidence we have that people are still thinking.”—Jerry Seinfeld, comedian
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.
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