February 24th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Investing QDIA Basics What plan sponsors need to know about qualified default investment alternative rules and how to select the appropriate one for their employees. Data and Research Finances, Student Loan Debt Putting a Strain on Employees Employers should provide financial wellness programs that continuously engage employees, as employee stress has increased, especially among younger generations dealing with student loan debt. Most Read Deals and People LPL Terminates CEO Dan Arnold Administration IRS Provides Tax Relief for Those Impacted by Hurricane Helene Benefits Implementing Retirement Income Strategies Market Mirror Wednesday, the Dow fell 464.85 points (1.38%) to 33,131.76, the Nasdaq lost 344.03 points (2.57%) to finish at 13,037.49, and the S&P 500 closed 79.26 points (1.84%) lower at 4,225.50. The Russell 2000 decreased 36.08 points (1.82%) to 1,944.09, and the Wilshire 5000 dropped 841.23 points (1.94%) to 42,513.25. The price of the 10-year Treasury note decreased 26/32, bringing its yield up to 1.994%. The price of the 30-year Treasury bond fell 1 25/32, increasing its yield to 2.300%. Investing Why Have Balanced Funds Been Given the Short Shrift? Their performance only matches that of TDFs for a certain age cohort, but there are other circumstances for which they might be considered a good QDIA fit. The Role of Stable Value Funds as QDIAs or Otherwise Though stable value funds might not be appropriate as the qualified default investment alternative for a defined contribution plan, they have an important role to play in retirement savings portfolios. New Developments in Managed Accounts Lower fees, more services and new distribution methods might make managed accounts worth a new look for DC plan sponsors. Products Betterment Expands Financial Wellness Package Along with launching its new Student Loan Management solution, the firm will give customers the opportunity to offer a college savings plan in the future. Small Talk ON THIS DATE: In 1803, the U.S. Supreme Court ruled itself to be the final interpreter of all constitutional issues. In 1863, Arizona was organized as a territory. In 1868, the U.S. House of Representatives voted 11 articles of impeachment against President Andrew Johnson, nine of which cited Johnson’s removal of Secretary of War Edwin M. Stanton, a violation of the Tenure of Office Act. The House vote made President Johnson the first president to be impeached in U.S. history. In 1903, in Guantanamo Bay, Cuba, an area was leased to the U.S. for a naval base. In 1942, the Voice of America made its first broadcast, in German, to counter the propaganda of Nazi leaders. In 1968, the Tet Offensive ended as U.S. and South Vietnamese troops recaptured the ancient capital of Hue from communist forces. Although scattered fighting continued across South Vietnam for another week, the battle for Hue was the last major engagement of the offensive. In the aftermath of Tet, public opinion in the United States decisively turned against the Vietnam War. In 1991, U.S. ground operations began in the Persian Gulf War, more than a month after an air war was launched against Iraq to free Iraqi-occupied Kuwait. SURVEY SAYS: Some companies are making final “return to office” plans after yo-yoing back and forth as the pandemic waned and then spiked again. This week, I’d like to know, has your company’s “return to office” been finalized, and how have the rules about working in the office versus remotely changed? You may respond to this week’s survey by 6 p.m. Pacific time today. 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