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December 20th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
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Privately-owned housing starts in November 2023 were at a seasonally adjusted annual rate of 1,560,000, the Census Bureau reported. This is 14.8% above the revised October 2023 estimate of 1,359,000.
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| MARKET MIRROR |
Tuesday, the Dow rose 251.90 points (0.68%) to close at 37,557.92, the Nasdaq rose 98.03 points (0.66%) to close at 15,003.22 and the S&P 500 rose 27.81 points (0.59%) to close at 4,768.37. The Russell 2000 rose 38.54 points (1.94%) to close at 2,020.95, and the FT Wilshire 5000 Index rose 343.8 points (0.72%) to close at 48,276.22.
The 10-year Treasury note rose 1/32, bringing the yield to 3.932%. The 30-year Treasury bond rose 1/32, bringing the yield to 4.043%.
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ON THIS DATE: In 1860, following Abraham Lincoln’s election as U.S. president, South Carolina became the first U.S. state to secede from the Union. In 1946, director Frank Capra’s movie “It’s a Wonderful Life,” a drama starring Jimmy Stewart, premiered. In 1960, the Vietnamese National Liberation Front was formed, with the purpose of effecting the reunification of North and South Vietnam. In 1971, Pakistani President Agha Mohammad Yahya Khan transferred power to Zulfikar Ali Bhutto. In 1974, Ethiopia was declared a socialist state under the leadership of Mengistu Haile Mariam. In 1989, the U.S. launched Operation Just Cause, a military invasion of Panama, the initial attack focusing primarily on the Panama City headquarters of leader Manuel Noriega. In 1999, 12 years after an agreement was reached between China and Portugal, several centuries of Portuguese rule ended in Macau when it became a special administrative region under Chinese sovereignty. In 2008, director Robert Mulligan, whose credits most notably include the film “To Kill a Mockingbird,” died at age 83. In 2019, President Donald Trump signed the National Defense Authorization Act, which established the Space Force, a new branch of the U.S. military.
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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 | October 30, 2024 | | Rethinking Retirement: Participant Engagement Trends and Best Practices | | Dive into key participant behaviors and engagement trends that can reshape how we approach retirement planning. This presentation highlights the complexities participants face in understanding their eligibility and reveals misconceptions about their enrollment. We’ll explore targeted strategies to help boost participation rates and address certain generational gaps. In today’s saturated digital environment, participants are conditioned to ignore marketing-style emails.
Discover best practices in how to refine your messaging and break through the noise. Finally, we’ll explore why the “easy button” plan features haven’t been working. By evolving messaging to meet participants where they are paired with best practice plan design features, we aim to drive deeper engagement and better 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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| | |  | | SPONSORED BY: Corebridge Financial | September 30, 2024 | | How College Planning Fits Into Financial Wellness | | When it comes to the college search, you’ll often hear talk about finding the right “fit.” Usually that means academic and social fit, but a key piece of fit is also the financial fit. A college degree is one of the most expensive purchases a family will make in their lifetime. Figuring out what you will pay, how much you can afford, and how you will find the best value for your money is a critical component of any college search. In this webinar, New York Times bestselling parenting and higher education writer Jeff Selingo will explain how to assess the value of a college and ways to compile the college list with financial wellness in mind. Jeff spent a year inside the college admissions process for his book, Who Gets In and Why, and has written about higher education for 25 years. |
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| | | 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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