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February 7th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
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| MARKET MIRROR |
Tuesday, the Dow rose 141.24 points (0.37%) to close at 38,521.36, the Nasdaq rose 11.32 points (0.07%) to close at 15,609.00 and the S&P 500 rose 11.42 points (0.23%) to close at 4,954.23. The Russell 2000 rose 16.39 points (0.85%) to close at 1,953.63, and the FT Wilshire 5000 Index rose 156.89 points (0.32%) to close at 49,771.46.
The 10-year Treasury note increased 26/32, bringing the yield to 4.105%. The 30-year Treasury bond increased 28/32, bringing the yield to 4.303%.
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ON THIS DATE: In 1812, one of the largest earthquakes in U.S. history occurred along the New Madrid Fault across the south and the midwest. The same day, British novelist Charles Dickens was born in Portsmouth, England. In 1940, the animated film “Pinocchio” had its world premiere, and it became one of Disney’s most beloved classics, known for its brilliant animation and compelling story. In 1964, the musical British Invasion began when the Beatles landed in New York City, and two nights later, as Beatlemania stormed America, their performance on “The Ed Sullivan Show” was watched by 73 million viewers. In 1966, comedian Chris Rock, known for his stand-up routines and films, was born. In 1974, Grenada gained independence from the U.K. In 1986, in the wake of political unrest, Haitian President Jean-Claude Duvalier fled his country, with U.S. assistance, for France. In 1999, Abdullah II became king of Jordan hours after the death of his father, Hussein. In 2013, Mississippi became the last U.S. state to officially abolish slavery; it had ratified the Thirteenth Amendment in 1995 but failed to submit the necessary paperwork. In 2015, collegiate basketball coach Dean Smith—who recorded 879 career victories, making him one of the most successful men’s collegiate basketball coaches—died at age 83. In 2019, baseball player and manager Frank Robinson, who was the first Black manager in Major League Baseball, died at age 82.
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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: Corebridge | February 25, 2025 | | Impacts on retirement planning: Taking action on the latest changes to Medicare and Social Security | | With the recent changes in nearly every part of retirement, it can be challenging for employers—and their employees—to keep up. We seem to be in a particularly active time with new laws coming on the books, existing law sections rolling out, and changes from every corner.
In this webinar, you will get the latest information and updates to Social Security and Medicare. There is a swirl of activity in both programs, causing more concern than ever about the viability of Social Security. Plus new, hidden costs in Medicare drug plans have taken folks by surprise.
You’ll also see how these changes impact employees as they adjust their plans for retirement. Planning with high costs of goods and services along with complex law changes puts added pressure on employees’ ability to save sufficiently for retirement. |
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|  | | SPONSORED BY: Lincoln Financial Group | February 4, 2025 | | Benefits at Work: How Financial Wellness Fuels Productivity | | Today’s employees seek meaningful benefits that address their holistic health and financial well-being. To meet their expectations, 80% of employers surveyed agree that a well-rounded, competitive benefits offering is critical, according to our 2024 Small Business Owner survey. More than ever, small businesses need to invest in programs that strengthen employee productivity, loyalty, and morale.
By joining this complimentary webcast, you’ll learn how to:
• Engage today's workforce, including the changing values of millennials and Gen Z, lingering financial concerns, and the key factors driving talent attraction and retention
• Gain a competitive edge for employees with comprehensive benefits, including voluntary employee benefits coverage, retirement savings plans, and financial wellness solutions
• Provide benefits education and wellness programs to help employees take full advantage of their benefits
• Deliver a holistic employee experience with simple plan administration by using a single-source benefits provider |
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|  | | SPONSORED BY: Edelman | December 17, 2024 | | Managed Accounts as QDIA: Which Approach Works Best for Your Participants? | | Plan sponsors have multiple tools at their disposal to help deliver the right solution at the right time for their participants while maintaining their fiduciary responsibilities. Many plan sponsors have adopted managed accounts as a QDIA, whether for targeted segments of their participant population or as a broader approach. As the #1 DC managed account provider since 2008 (per Cerulli Associates), Edelman Financial Engines is excited to host this webinar and discussion.
This webinar will cover:
Different ways that plan sponsors use managed accounts as a default investment option, and the impact on participants, addressing legal and regulatory concerns with different default structures, how managed accounts and target date funds fit together in a Dual QDIA structure and insights from a leading plan sponsor that uses managed accounts as a default to understand their decision-making process and how the solution improves participant 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: Income America | November 19, 2024 | | Changing the Conversation on Guaranteed Retirement Income | | As retirement plans transition from supplemental savings vehicles to the primary income source for many retirees, plan participants’ perspectives on retirement have shifted significantly. This session will delve into the findings from American Century’s 11th Annual Retirement Survey, highlighting how these evolving views are influencing employers’ goals and strategies in designing their organizations’ plans. With income replacement becoming a critical focus for participants, plan sponsors are increasingly recognizing the need to align retirement plans with these expectations. Additionally, there is a growing emphasis on guaranteed income solutions to better meet the evolving retirement goals of employees. By adapting plans to meet participants’ needs and incorporating sought-after design features, plan sponsors can drive deeper engagement and achieve better outcomes for their participants. |
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