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January 24th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
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| MARKET MIRROR |
Tuesday, the Dow fell 96.36 points (0.25%) to close at 37,905.45, the Nasdaq rose 65.66 points (0.43%) to close at 15,425.94 and the S&P 500 rose 14.17 points (0.29%) to close at 4,864.60. The Russell 2000 fell 7.11 points (0.36%) to close at 1,976.27, and the FT Wilshire 5000 Index rose 105.45 points (0.22%) to close at 49,024.23.
The 10-year Treasury note fell 24/32, bringing the yield to 4.138%. The 30-year Treasury bond fell 30/32, bringing the yield to 4.367%
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ON THIS DATE: In 1848, carpenter James Wilson Marshall found nuggets of gold in California’s American River near the site of a sawmill he was building for John Sutter, ushering in a gold rush. In 1941, the film adaptation of John Steinbeck’s novel “The Grapes of Wrath,” premiered; the soliloquy by character Tom Joad on the poor, reflecting his empathy for their plight, remains one of the most famous scenes in film history. The same year, singer/songwriter Neil Diamond, who wrote pop songs for other musicians before launching a successful solo recording career, was born. In 1984, Steve Jobs introduced Apple’s revolutionary personal computer, Macintosh, two days after the groundbreaking commercial “1984” aired during SuperBowl XVIII and heralded the product’s impending release. In 1989, serial killer Ted Bundy—who confessed to murdering 30 women, though many believe the number to be much higher—was executed at age 42. In 1993, lawyer and civil rights activist Thurgood Marshall, who was the first African American to serve on the U.S. Supreme Court, died at age 84. In 2003, Tom Ridge was sworn in as the inaugural secretary of the new U.S. Department of Homeland Security, created in the aftermath of the September 11, 2001, attacks. In 2004, the six-wheeled robotic rover, Opportunity, landed on Mars and—like its twin rover, Spirit, which had landed on January 3—analyzed rocks and soils and relayed pictures back to Earth.
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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: 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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|  | | 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 |
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