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January 5th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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| Market Mirror |
Tuesday, the Dow gained 214.59 points (0.59%) to finish at 36,799.65, the Nasdaq fell 210.08 points (1.33%) to 15,622.72, and the S&P 500 was down 3.02 points (0.06%) at 4,793.54. The Russell 2000 decreased 3.68 points (0.16%) to 2,268.87, and the Wilshire 5000 closed 128.55 points (0.26%) lower at 48,660.81.
The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.648%. The price of the 30-year Treasury bond decreased 29/32, bringing its yield up to 2.057%.
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Ask the Experts
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Additional Deferral Opportunities When 403(b) Isn’t Allowed
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“We are a county hospital that is NOT dual status (i.e., we are NOT a 501(c)(3) charitable organization) and thus cannot sponsor a 403(b) plan. We sponsor a 401(a) and a 457(b) plan, but our 401(a) does not allow pre-tax deferrals. Some of our physicians have come to us seeking additional deferral opportunities, since they can only defer to the 457(b) plan. Is there anything that our physicians (or any other employee) might be able to do to save more for retirement?” 
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ON THIS DATE: In 1896, it was reported by The Austrian newspaper that Wilhelm Roentgen had discovered the type of radiation that became known as X-rays. In 1914, Ford Motor Company announced that there would be a new daily minimum wage of $5 and an eight-hour workday. In 1925, Mrs. Nellie Taylor Ross was sworn in as the governor of Wyoming. She was the first female governor in the U.S. In 1933, construction began on the Golden Gate Bridge. In 1948, Warner Brothers-Pathe showed the very first color newsreel. The footage was of the Tournament of Roses Parade and the Rose Bowl football classic. In 1972, President Richard M. Nixon ordered the development of the space shuttle. In 1980, The Sugarhill Gang’s “Rapper’s Delight” became hip-hop’s first Top 40 hit. In 1998, U.S. Representative Sonny Bono died in skiing accident.
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WEDNESDAY WISDOM: “Youth is when you’re allowed to stay up late on New Year’s Eve. Middle age is when you’re forced to.”—Bill Vaughan, American columnist and author
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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. |  | | September 19, 2024 | | Financial Wellness | | Plan sponsors, advisers and policy experts will offer suggestions for how best to define and measure the financial wellness of participants and drive financial confidence. The panel will also review how they evaluate the myriad new offerings appearing as a result of the voluntary benefits provisions of SECURE 2.0. Attendees will come away with tangible metrics for determining which programs will offer the most useful and valuable programs for their employees. |
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|  | | SPONSORED BY: Corebridge Financial | September 30, 2024 | | How College Planning Fits Into Financial Wellness | | When it comes to the college search, you’ll often hear talk about finding the right “fit.” Usually that means academic and social fit, but a key piece of fit is also the financial fit. A college degree is one of the most expensive purchases a family will make in their lifetime. Figuring out what you will pay, how much you can afford, and how you will find the best value for your money is a critical component of any college search. In this webinar, New York Times bestselling parenting and higher education writer Jeff Selingo will explain how to assess the value of a college and ways to compile the college list with financial wellness in mind. Jeff spent a year inside the college admissions process for his book, Who Gets In and Why, and has written about higher education for 25 years. |
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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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