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December 26th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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A YEAR IN REVIEW 2023 - MONTHLY SPECIAL COVERAGE
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Cybersecurity for Retirement Plans - January
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Plan sponsors, their providers and vendors, concerned with protecting accounts and data, are increasingly vigilant about the need to strengthen and safeguard their systems. 
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Editor's Note
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During the holiday week, please enjoy compilations of our work from throughout the year. Today, a roundup of the PLANSPONSOR Special Coverage packages from 2023.
Find out more about PLANSPONSOR’s 2024 Special Coverage plans on our 2024 Editorial Calendar.
The daily NewsDASH will resume on January 2.
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Special Coverage
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Communications - February
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Plan sponsors are tailoring strategies to help employees get what they need from financial wellness offerings.
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| ECONOMIC EVENTS |
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Tuesday, the Conference Board will report consumer confidence for December. Thursday, the Department of Labor will release its initial jobless report, and Freddie Mac will update average mortgage rates for the week.
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| MARKET MIRROR |
Friday, the Dow fell 18.38 points (0.05%) to close at 37,385.97, the Nasdaq rose 29.11 points (0.19%) to close at 14,992.97 and the S&P 500 rose 7.88 points (0.17%) to close at 4,754.63. The Russell 2000 rose 16.90 points (0.84%) to close at 2,033.96, and the FT Wilshire 5000 Index rose 107.98 points (0.22%) to close at 48,171.76.
The 10-year Treasury note fell 1/32, bringing the yield to 3.897%. The 30-year Treasury bond fell 4/32, bringing the yield to 4.052%.
For the week ending December 22, the Dow rose 0.22%, the Nasdaq rose 1.21% and the S&P 500 rose 0.75%. The Russell 2000 rose 2.46%, and the FT Wilshire 5000 Index finished 0.90% higher.
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Special Coverage
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DB Plans - March
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A plan sponsor, academics and pension benefit expert agree that defined benefit plans are largely on the way out, yet optimal pension features should survive.
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Special Coverage
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Financial Wellness - April
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Many plan sponsors are building financial wellness programs with an eye on addressing benefits equity for their workforce.
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Special Coverage
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Requests for Proposals - May
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When searching for a new recordkeeper or adviser, plan sponsors can take advantage of new technology tools to help streamline the RFP process and avoid the administrative headache.
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Special Coverage
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Participant Retention - June
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As most retirees no longer rely on a pension for lifetime income, plan sponsors should be exploring benefits that will support this population of participants.
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Special Coverage
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DC Plan Design - July
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Plan sponsors and their retirement industry providers can use plan design to facilitate greater coordination and to provide broader and more equitable access to retirement savings for all participants.
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Special Coverage
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DC Investment Menu - August
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How do plan sponsors design and monitor their plans’ investment menu to ensure it meets participants’ needs and regulatory muster?
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Special Coverage
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Benefits Equity - September
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It is in plan sponsors’ best interest to improve the financial health of workers and address disparities, researchers say.
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Special Coverage
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Cybersecurity - October
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For protecting defined contribution plans, the stakes are high, with workers’ information—and trust—on the line.
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Special Coverage
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Plan Communications - December
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Plan sponsors and communications professionals examine the importance of reaching out to participants and how it can improve retirement savings.
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ON THIS DATE: In 1893, Mao Zedong, chairman of the People’s Republic of China, was born. In 1908, boxer Jack Johnson defeated Tommy Burns in Sydney to become the first black fighter to win the world heavyweight championship. In 1963, the Beatles’ single “I Want to Hold Your Hand,” with “I Saw Her Standing There” on the B-side was first released in the U.S.; hugely successful, it helped launch Beatlemania. In 1966, celebrations for the first Kwanzaa began in the U.S., and the holiday continued until January 1; the annual event, which affirms African family and social values, was created by Maulana Karenga. In 1973, the horror film “The Exorcist,” an adaptation of William Peter Blatty’s book about a young girl possessed by the Devil, was released in the U.S. The recipient of 10 Oscar nominations, including for director William Friedkin, it became one of the highest-grossing films of all time. In 1985, the slain body of American zoologist Dian Fossey—the world’s leading authority on the mountain gorilla—was found in Rwanda; it was widely suspected that she was killed by poachers. In 2004, a large earthquake shook the Indian Ocean floor west of the island of Sumatra, triggering a devastating tsunami that swamped coastal areas from Thailand to Africa and killed more than 200,000 people. In 2006, Gerald R. Ford—who was the 38th president of the U.S. and the country’s only chief executive who was not elected as either president or vice president—died in California.
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