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Insight on Plan Design & Investment Strategy Every Weekday
DOL Clears Up Timing for Lifetime Income Illustrations
DOL Clears Up Timing for Lifetime Income Illustrations
The agency promised to issue a final rule ‘as soon as practicable’ and recognized transition time may be needed if the final rule significantly differs from its interim final rule.
Ask the Experts
Should Church Plans Purchase Fiduciary Liability Insurance?
“Should church plans purchase fiduciary liability insurance?”
Most Read
EARN Act Clears Senate Finance Committee
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
Data and Research
K-12 Educators Prefer Advisers for Retirement Planning
Economic Events
New orders for manufactured durable goods in June increased $2.1 billion or 0.8% to $257.6 billion, the U.S. Census Bureau announced. This increase, up 13 of the last 14 months, followed a 3.2% May increase. Excluding transportation, new orders increased 0.3%. Excluding defense, new orders increased 1.0%. Transportation equipment, up two consecutive months, led the increase, $1.6 billion or 2.1% to $77.5 billion.

The Conference Board Consumer Confidence Index was relatively unchanged in July, following gains in each of the prior five months. The Index now stands at 129.1 (1985=100), up from 128.9 in June. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—rose from 159.6 to 160.3. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—was virtually unchanged at 108.4, compared to 108.5 last month.
Market Mirror
Tuesday, the Dow was down 85.79 points (0.24%) at 35,058.52, the Nasdaq fell 180.14 points (1.21%) to 14,660.58, and the S&P 500 decreased 20.84 points (0.47%) to 4,401.46. The Russell 2000 lost 25.09 points (1.13%) to finish at 2,191.83, and the Wilshire 5000 closed 295.39 points (0.64%) lower at 45,744.26.

The price of the 10-year Treasury note was increased 6/32, bringing its yield down to 1.238%. The price of the 30-year Treasury bond climbed 1 25/32, decreasing its yield to 1.890%.
From the Magazine
Seek and Find
With the growing array of services being offered, sponsors should stay fixed on plan priorities when conducting an RFP.
Deals and People
Former Senator Mike Enzi Leaves Legacy of Retirement Plan Reform
He was instrumental in finalizing the provisions of the Pension Protection Act of 2006, fought for help for multiemployer plans and contributed to the SECURE Act.
Small Talk
ON THIS DATE: In 1868, following its ratification by the necessary three-quarters of U.S. states, the 14th Amendment, granting citizenship to all persons born or naturalized in the United States—including formerly enslaved people—was officially adopted into the U.S. Constitution. In 1914, World War I officially began when Austria-Hungary declared war on Serbia. In 1951, the Walt Disney film “Alice in Wonderland” was released. In 1998, Bell Atlantic and GTE announced $52 billion deal that created the second-largest phone company.
WEDNESDAY WISDOM: “We live in a rainbow of chaos.”—Paul Cezanne, French artist and painter
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: Newport Group
NQDC/Executive Benefit Plan Trends
Many of the country’s leading companies recently participated in the 2022 Newport/PLANSPONSOR Magazine Executive Benefit Survey. The results—including valuable insights on nonqualified deferred compensation (NQDC) plans—will be shared by experts from Newport retirement services and PLANSPONSOR during this informative webcast. The event will cover timely, important executive benefit topics, including: • The latest trends in plan design • New enrollment ideas to improve communication and participant engagement • The latest in investment options and benefit funding Each attendee will also receive a copy of Newport’s comprehensive analysis of this year’s NQDC survey.
Managing the DC Plan Investment Menu
Sponsored by Columbia Threadneedle Even if they have help, defined contribution plan sponsors have ultimate fiduciary responsibility for managing the funds on their plans’ investment menus. Participants’ preferences and needs for diversification and good performance, as well as costs, are all considerations in selecting and monitoring DC plan investments. Plan sponsors are also increasingly considering how to construct an investment lineup that can meet participants’ decumulation needs. Learn about the latest trends in investment menu design, as well as the Employee Retirement Income Security Act and regulatory duties plan sponsors are expected to follow.
Webinar: The Great Retirement Decision
Today, many employers are focused on the “Great Resignation.” However, there is another workplace priority that needs attention: the “Great Retirement Decision” – whether to take one’s accumulated savings as a paycheck or a perceived “pot of gold,” or some combination of the two. MetLife’s MetLife 2022 Paycheck or Pot of Gold Study shows the contrast between those who chose a lump sum and those who opted for guaranteed retirement income.1 In this webinar, our experts will discuss: • Do pre-retirees and retirees think it's valuable to have guaranteed retirement income? • Do retirees' experiences with taking a lump sum meet with their expectations? • How quickly do retirees deplete their lump sums? • How are different employee demographics faring as they approach retirement? • How can employers improve retirement outcomes for employees?
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