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PLANSPONSOR NEWSDASH LOGO January 10th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
Julie Su Nomination Returns to the Senate
Julie Su Nomination Returns to the Senate
The uncertainty atop the Department of Labor is especially relevant amid the financial industry’s response to the controversial retirement security proposal.
Administration
T. Rowe Price Launches Global Retirement Strategy Team
The firm established the new team to amplify its voice in public policy discussions about retirement, as well as advise on the development of new products and services.
Most Read
Compliance
IRS Sends Final Reminder for Retirees to Take 2024 RMDs
Compliance
IRS Issues 2024 Required Amendment List for Qualified and 403(b) Plans
Data and Research
Plan Sponsors Understand Need for Guaranteed Income, but Lack ‘Annuity Fluency’
MARKET MIRROR
Tuesday, the Dow lost 157.85 points (0.42%) to close at 37,525.16, the Nasdaq gained 13.94 points (0.09%) to close at 14,857.71 and the S&P 500 lost 7.04 points (0.15%) to close at 4,756.50. The Russell 2000 lost 20.97 points (1.05%) to close at 1,968.04, and the FT Wilshire 5000 Index lost 102.52 points (0.21%) to close at 48,036.342.

The 10-year Treasury note increased 1/32, bringing the yield to 4.019%. The 30-year Treasury bond increased 1/32, bringing the yield to 4.185%.
COMPLIANCE
DOL Sues 2 Maryland Plan Sponsors
The Department of Labor has filed complaints against two separate plan sponsors, alleging identical fiduciary breaches.
Ask the Experts
What Types of Small Financial Incentives Can 403(b) Plans Now Offer Employees?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
SMALL TALK
ON THIS DATE: In 1776, founding father Thomas Paine published “Common Sense,” a 50-page pamphlet that sold more than 500,000 copies within a few months and called for a war of independence that would become the American Revolution. In 1861, Florida seceded from the Union and in February 1861 joined the Confederacy. In 1920, the League of Nations was established in Geneva. In 1946, radar signals bouncing off the moon were detected for the first time. The same year, the first United Nations General Assembly met in London. In 1949, boxer George Foreman, who became the oldest world heavyweight champion in 1994, was born in Marshall, Texas. In 1971, “Masterpiece Theatre” debuted on PBS; the first series aired was “The First Churchills.” In 1984, the U.S. and the Vatican established diplomatic relations after a 117-year break. In 1999, the first episode of “The Sopranos” aired on HBO. In 2016, British singer, songwriter and actor David Bowie—who transformed himself from a traditional pop crooner into a trendsetting international superstar best known for his metamorphic personae (on-and offstage), abrupt shifts in musical genres and status as a fashion icon—died in New York City.
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: 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.
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.
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.
SPONSORED BY: Principal | October 30, 2024
Rethinking Retirement: Participant Engagement Trends and Best Practices
Dive into key participant behaviors and engagement trends that can reshape how we approach retirement planning. This presentation highlights the complexities participants face in understanding their eligibility and reveals misconceptions about their enrollment. We’ll explore targeted strategies to help boost participation rates and address certain generational gaps. In today’s saturated digital environment, participants are conditioned to ignore marketing-style emails. Discover best practices in how to refine your messaging and break through the noise. Finally, we’ll explore why the “easy button” plan features haven’t been working. By evolving messaging to meet participants where they are paired with best practice plan design features, we aim to drive deeper engagement and better outcomes. *Principal® Retirement Security Survey—Nonparticipants, December 2023. Intended for Plan Sponsor use only. PLANSPONSOR is not an affiliate of any company of the Principal Financial Group®. The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment or tax advice. You should consult with appropriate counsel, financial professionals, and other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements. Insurance products and plan administrative services provided through Principal Life Insurance Company®. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker-dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392. Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and services marks of Principal Financial Services, Inc., in various countries around the world. © 2024 Principal Financial Services, Inc. 3893943-092024
SPONSORED BY: Fidelity Investments | October 10, 2024
The shift in the retirement landscape and how to better support employees
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