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PLANSPONSOR NEWSDASH LOGO July 13th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
How Planning for Retirement Has Evolved
How Planning for Retirement Has Evolved
J.P. Morgan’s latest ‘Guide to Retirement’ examines the savings and spending patterns of today’s workers and retirees, and shows clearly that early savers have the best chance of success.
Data and Research
Lower Equity Values Pull DB Plans’ Funded Status Lower
Rising interest rates and higher discount rates reduced pension liabilities, but volatility continues.
Most Read
Benefits
Defined Benefit Plans May Have New Life
Ask the Experts
Can an Alternate Payee Designate a Beneficiary?
Data and Research
Retirement Plan Provider Technology Investments Show Success
MARKET MIRROR
Tuesday, the Dow fell 192.51 points (0.62%) to 30,981.33, the Nasdaq was down 107.87 points (0.95%) to close at 11,264.73 and the S&P 500 slipped 35.63 points (0.92%) to 3,818.80. The Russell 2000 decreased 3.83 points (0.22%) to 1,728.18 and the Wilshire 5000 fell 330.76 points (0.86%) to 37,994.70.

The price of the 10-year Treasury note increased 23/32, lowering its yield down to 2.977%. The price of the 30-year Treasury bond increased 3/32, lowering its yield down to 3.164%.
Administration
Thrift Savings Plan Overhaul Moves Forward After Bumpy Launch
The retirement platform for federal employees got a fresh look on June 1, but it also brought fresh headaches to participants.
ASK THE EXPERTS
When Do RMDs Have to Start and What Is Maximum Normal Retirement Age?
“I read with interest your Ask the Experts Column stating that the maximum normal retirement age in a 457(b) plan for purposes of the last-three-years special catch-up election under 457(b)(3) has not yet increased from age 70.5 to age 72. Does this mean that the required beginning date for commencement of required minimum distributions has not increased from 70.5 to 72, either?” 
SMALL TALK
ON THIS DATE: In 1787, the U.S. Congress passed the Northwest Ordinance of 1787, which laid the basis for the government of the Northwest Territory and for the admission of its constituent parts as states of the union. In 1832, Henry Rowe Schoolcraft identified the source of the Mississippi River as Lake Itasca in Minnesota. In 1861, General George B. McClellan and Union troops defeated Confederate forces in northwestern Virginia, an area that subsequently became West Virginia. In 1930, France defeated Mexico 4-1 and the United States topped Belgium 3-0 in the first-ever World Cup football matches, played simultaneously in host city Montevideo, Uruguay. In 1960, in Los Angeles, Senator John F. Kennedy of Massachusetts was nominated for the presidency by the Democratic Party Convention, defeating Senator Lyndon B. Johnson of Texas. In 2010, American businessman George Steinbrenner—who, while principal owner of the New York Yankees, became one of the most controversial personalities in Major League Baseball—died at age 80. In 2016, Theresa May, the Conservative Party leader, became the second woman prime minister of the United Kingdom, replacing David Cameron, who resigned after the country voted to leave the European Union.
Industry Intel Roundup—Thought Leadership
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
SPONSORED BY: BOK Financial
Holistic Employee Wellness Can Help Recruit and Retain Talent
The pandemic has illuminated what’s most important to employees.
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