February 2nd, 2023 Insight on Plan Design & Investment Strategy Every Weekday Participants Employers Find Persistence, Relevance Help Them Connect With Workers Plan sponsors must message to more workers, on additional channels, in greater detail than ever before when trying to share benefit information. Compliance SEC Issues Risk Alert on Broker/Dealer Conflicts of Interest The SEC is sending a stern reminder to broker/dealers to better follow new Regulation Best Interest standard, intended to mitigate conflicts of interest when recommending securities. 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 ECONOMIC EVENTS Construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8 billion, 0.4% below the revised November estimate of $1,817.3 billion, the Census Bureau reported. The December figure is 7.7% above the December 2021 estimate of $1,681.0 billion. The value of construction in 2022 was $1,792.9 billion, 10.2% above the $1,626.4 billion spent in 2021.  MARKET MIRROR Wednesday, the Dow gained 6.92 points (0.02%) to close at 34,092.96, the Nasdaq gained 231.77 points  (2.00%) to close at 11,816.32  and the S&P 500 increased 42.61 points (1.05%) to close at 4,119.21. The Russell 2000 gained 28.87 points (1.49%) to close at 1,960.81 and the Wilshire 5000 increased 473.38 points (1.16%) to close at 41,198.34. The price of the 10-year Treasury note decreased 3/32, bringing the yield to 3.424%%. The price of the 30-year Treasury bond decreased 3/32, bringing the yield to 3.569%.   Data and Research Inflation, US Workers’ Recession Fears Force Delayed Retirement A Franklin Templeton Investments study found that although the U.S. economy has not contracted yet, workers feel elevated financial stress and anxiety.     Today’s Employees Expect Retirement Plan Benefit in ‘New Savings Paradigm’ A new Vestwell research report details emerging retirement trends for employers and workers. DEALS AND PEOPLE Enter Now for PLANADVISER’s 2023 Top Retirement Plan Advisers List PLANADVISER is accepting entry forms for its listing of top retirement plan advisers. SURVEYS CIO’s Transition Management Survey Are you a provider of transition management services and want to make your services known to institutional investors? If so, you are invited to respond to CIO’s Transition Management Survey. SMALL TALK ON THIS DATE: In 1653, New Amsterdam, later renamed New York City, was incorporated as a city. In 1848, the United States and Mexico signed the Treaty of Guadalupe Hidalgo, which ended the war between the two countries. By its terms, Mexico ceded 55% of its territory, including the present-day  states California, Nevada, Utah, New Mexico, most of Arizona and Colorado, and parts of Oklahoma, Kansas and Wyoming. In 1876, the National League, the oldest existing major-league professional baseball organization in the United  States, began play as the National League of Professional Baseball Clubs. In 1887, the first Groundhog Day was held in Punxsutawney, Pennsylvania. In 1967, the upstart American Basketball Association was formed to rival the established league. In 1977, Colombian singer songwriter and dancer Shakira, was born.  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