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December 27th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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A YEAR IN REVIEW 2023 - RESEARCH and AWARDS
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2023 Recordkeeping Survey
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As a complement to our Defined Contribution Survey—which measures how satisfied DC clients are with their providers—our annual Recordkeeping Survey gives employers the chance to see exactly which products and services each provider offers, as well as listing information on total assets and overall client demographics. 
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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 PLANSPONSOR’s most read Research and Awards coverage 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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| ECONOMIC EVENTS |
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The Conference Board Consumer Confidence Index increased in December to 110.7, from a downwardly revises 101.0 in November. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—rose to 148.5 from 136.5 last month. The Expectations Index—based on consumers’ short-term outlook for income, business and labor market conditions—leapt to 85.6 in December, up from its downwardly revised reading of 77.4 in November. This sharp increase brings expectations back to the levels of optimism last seen in July of this year.
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| MARKET MIRROR |
Tuesday, the Dow rose 159.36 points (0.43%) to close at 37,545.33, the Nasdaq rose 81.60 points (0.54%) to close at 15,074.57 and the S&P 500 rose 20.12 points (0.42%) to close at 4,774.75. The Russell 2000 gained 25.23 points (1.24%) to close at 2,059.19, and the FT Wilshire 5000 Index gained 237.28 points (0.49%) to close at 48,409.04.
The 10-year Treasury note decreased 1/32, bringing the yield to 3.900%. The 30-year Treasury bond rose 1/32, bringing the yield to 4.048%.
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AWARDS
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2023 Best in Class 401(k) Plans
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For the ninth year, PLANSPONSOR recognized 401(k) plans and their sponsors that stand out for their exceptional best practices. The 2023 PLANSPONSOR Best in Class 401(k) plans were selected from the 2,603 401(k)s whose sponsors completed the 2022 PLANSPONSOR Defined Contribution Survey.
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RESEARCH
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2023 Defined Benefit Administration Survey
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Like our Recordkeeping Survey for the defined contribution (DC) plan market, the DB Administration Survey showcases providers in the defined benefit (DB) plan market—who the major players are, who they serve and what services they provide. Also included is information on overall market sizing.
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AWARDS
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2023 Plan Sponsor of the Year
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The annual Plan Sponsor of the Year awards program recognizes retirement plan sponsors that show a commitment to their participants’ financial health and retirement success. The award is given in many categories to recognize all plan types, so any plan sponsor can be eligible.
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RESEARCH
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2023 Participant Survey
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To gain insight into the drivers behind participant retirement plan decisions, the PLANSPONSOR Participant Survey, now in its 10th year, delves into participant behaviors and preferences to see how attitudes have evolved.
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ON THIS DATE: In 1831, Charles Darwin set sail on the HMS Beagle, beginning the voyage on which he would formulate his theory of evolution. In 1901, German American film actress Marlene Dietrich, who starred in many Hollywood films, was born. In 1932, the internal passport system, previously denounced by Vladimir Lenin as one of the worst stigmas of tsarist backwardness and despotism, was reinstated in the Soviet Union by Joseph Stalin. In 1949, four years after nationalist revolutionary leader Sukarno had declared Indonesia’s independence, formal sovereignty over the country was transferred from the Dutch to the short-lived federal United States of Indonesia. In 2007, Pakistani politician Benazir Bhutto, the first woman leader of a Muslim nation in modern history, was assassinated in Rawalpindi, Pakistan, while campaigning for upcoming parliamentary elections. In 2015, painter, sculptor and printmaker Ellsworth Kelly—who was a leading exponent of the hard-edge style, in which abstract contours are sharply and precisely defined—died in Spencertown, New York.
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