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PLANSPONSOR NEWSDASH LOGO January 5th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Considerations to Help DC Plan Sponsors Regroup for the New Year
Considerations to Help DC Plan Sponsors Regroup for the New Year
Mercer says delving into participant data and keeping up with new product offerings, legislation and regulations can help plan sponsors improve their retirement programs in 2022.
Data and Research
Private Equity in DC Plans Could Improve Retirement Savings Shortfalls
Research shows that replacing target-date fund equity allocations with private equity can boost retirement income adequacy for participants who have access to a plan and invest in a target-date fund.     
Most Read
Data and Research
Research Shows Workers’ Poor Grasp of Target-Date Funds
Deals and People
Retirement Industry People Moves
Compliance
TIAA Class Action Reversal May Impose Significant Procedural Hurdle for Future Cases
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%.
Ask the Experts
Additional Deferral Opportunities When 403(b) Isn’t Allowed
“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?”
Products
Sequoia Launches Benchmarking Tool for Hybrid Workplaces
Employers can measure their total rewards and people practices against industry trends.
Small Talk
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.
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
Industry Intel Roundup—Featured Webcasts
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts 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: IIC
2023 Trends in Retirement Income
-The Landscape of Retirement Income - Income Strategies & Approaches -What Participants Want, Survey Results, Solving for Decumulation -LifePath Paycheck, BlackRock’s approach - Plan Risk Mitigation when considering Income Options - A Review of Fiduciary Liability Insurance
2023 PS Plan Progress Webinar Series: Retirement Income
There is no single solution to the challenge of creating a steady income stream in retirement, yet many products and strategies have been introduced. Research from DCIIA found a remarkable consistency of preferences related to retirement income solutions. This implies that such solutions are likely to resonate for most retirees if they are developed with an awareness of those preferences. Join PLANSPONSOR’s first Plan Progress webinar of 2023 for a conversation with the researchers to learn more about the characteristics of different retiree segments, how they spend in retirement, their preferences for retirement income and how plan sponsors can use the information as they search for the right plan provider.
2023 PS Plan Progress Webinar Series: Provider Due Diligence
Selecting and monitoring service providers is an Employee Retirement Income Security Act fiduciary duty for plan sponsors, and the service provider market keeps evolving via mergers and acquisitions. Plan sponsors need to do their due diligence not only for the initial selection of service providers, but also when there is a major change. Join PLANSPONSOR for a discussion about the changing provider landscape, what factors need to be considered in the selection and monitoring of service providers and plan advisers and tools that can be used both for searches and to document that sponsors have met their fiduciary duty.
2023 PS Plan Progress Webinar Series: Financial Wellness
Financial wellness has been the “buzzword” of the retirement plan industry for at least a decade now. Surveys have shown that many plan sponsors feel a responsibility to make sure their staff are financially well. Employees are hard-pressed to save for retirement when their short-term financial situations are not in order. But what does financial wellness mean? Join PLANSPONSOR for a discussion about how to define financial wellness for different workforces, the different options available to plan sponsors for offering financial wellness programs to employees and how to get employees to engage in financial wellness offerings.
2023 PS Plan Progress Webinar Series: Plan Benchmarking
How do plan sponsors determine the right goals for their plan or define plan success? How does this inform what plan sponsors measure and how often? What tools are available to benchmark retirement plans? These questions and more will be answered in the final webinar in PLANSPONSOR’s Plan Progress series for 2023.
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