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PLANSPONSOR NEWSDASH LOGO July 6th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
UpFront
To Set Correct Plan Goals, Know Your Staff
To Set Correct Plan Goals, Know Your Staff
Examining plans in depth can help in crafting the right goals.
Compliance
Hopes Are High for Lame-Duck Passage of SECURE 2.0
One retirement industry policy expert says the conversations she is having on Capitol Hill make her optimistic that the ambitious retirement reform package could pass after the November elections.
Most Read
Compliance
More TDF Underperformance Lawsuits Emerge Across US
Data and Research
Plan Sponsors and Participants Cite Different ‘Important’ Benefits
Compliance
Managed Account Fees Challenged in Latest ERISA Lawsuit
ECONOMIC EVENTS
New orders for manufactured durable goods in May, up seven of the last eight months, increased $2.1 billion or 0.8% to $267.5 billion, up from the previously published 0.7% increase, the Census Bureau reported. This followed a 0.4% April increase. Transportation equipment, up two consecutive months, led the increase, $0.9 billion or 1.0% to $87.8 billion. New orders for manufactured nondurable goods increased $6.3 billion or 2.3% to $275.9 billion.
MARKET MIRROR
Tuesday, the Dow slipped 129.44 points (0.42%) to 30,967.82, the Nasdaq increased 194.39 points (1.75%) to 11,322.24 and the S&P 500 gained 6.06 points (0.16%) to close at 3,831.39. The Russell 2000 climbed 13.57 points (0.79%) to 1,741.33 and the Wilshire 5000 extended 170.11 points (0.45%) to 38,167.88.

The price of the 10-year Treasury note increased 27/32, lowering its yield down to 2.831%. The price of the 30-year Treasury bond increased 30/32, lowering its yield down to 3.074%.
Data and Research
ESG Integral to Defined Benefit Plans
According to a new Morningstar survey, institutional asset owners are in broad agreement that environmental, social and governance factors do not harm investment returns.
Assessing the Risks Workers Face Going Into Retirement
The Center for Retirement Research has identified five major risks that many U.S. workers will face in retirement; its analysis also shows a disconnection between retirees’ real and perceived risks.
SMALL TALK
ON THIS DATE: In 1775, one day after restating their fidelity to King George III and wishing him “a long and prosperous reign” in the Olive Branch Petition, the Second Continental Congress set “forth the causes and necessity of their taking up arms” against British authority in the American colonies. In 1854, in Jackson, Mississippi, the Republican Party held its first convention. In 1885, Louis Pasteur successfully tested a rabies vaccine. In 1907, Mexican artist Frida Kahlo, noted for her intense, brilliantly colored self-portraits, was born. In 1923, the Union of Soviet Socialist Republics was established. In 1928, the first full-length all-talking motion picture, “Lights of New York,” premiered in New York City. In 1933, Major League Baseball’s first All-Star Game was held at Chicago’s Comiskey Park. In 1957, with her defeat of Darlene Hard, American Althea Gibson became the first Black tennis player to win the Wimbledon singles championship. In 1975, the United States Naval Academy admitted women for the first time in its history with the induction of 81 female midshipmen. In 1983, the U.S. Supreme Court ruled that employers offering retirement annuity plans that pay smaller monthly benefits to women than to similarly situated men violated the ban against sex discrimination in employment in Title VII of the Civil Rights Act of 1964. In 2002, Serena Williams defeated her sister Venus to win her first Wimbledon singles title.
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: Fidelity
Health benefits blueprint: Six ways to help employees stay healthy and productive while controlling costs
More is being asked of employers and the workplace benefits they offer—including health care. Our session draws on the latest research to uncover six ways employers can help employees stay healthy and productive while controlling costs—from better decision support and navigation to more robust strategies for tackling mental health, helping employees pay for care, and incubating next-gen benefits.
PLANSPONSOR Webinar: Plan Design Consideration to Boost Outcomes
Sponsored by AIG Retirement Services Research has shown that automatic enrollment has done much to improve the retirement savings of Americans—especially for lower-income employees. However, auto-enrollment must be paired with additional features to ensure retirement plan participants accumulate sufficient savings. How should plan sponsors think about decumulation and retirement income features? And what role do emergency savings options and financial wellness solutions have in boosting retirement outcomes? Join PLANSPONSOR for a discussion with industry experts and a plan sponsor about: • What retirement plan design features have been shown to boost outcomes for participants; • Innovative ideas for plan design; and • How attention to overall financial wellness can improve retirement security for employees. Speakers will also talk about what education is needed to best set participants up for success.
PLANSPONSOR Webinar: Elements to Help Participants Prepare for Retirement
Sponsored by AIG Other than accumulating savings, employer-sponsored retirement plan participants—especially those older than 50—need to understand what their resources and expenses will be in retirement, and they need a plan for drawing down their savings to meet those expenses. Investment options that preserve savings, tools to estimate basic and health care expenses, plans for claiming Social Security and decumulation strategies will help participants approaching and in retirement feel more secure that they will not outlive their savings. At a time of rising inflation and market volatility, tools for addressing sequencing risk are also important. Join PLANSPONSOR and a panel of experts for the July installment of the Plan Progress webinar series during which the elements to help participants prepare for retirement will be discussed. Attendees will learn: • What tools will help participants estimate retirement expenses and the amount of income they can expect and will need; • Which investment options plan sponsors can include in their retirement plan lineups to help participants preserve their savings; and • The differences between retirement income/decumulation options that plan sponsors can offer to participants. Speakers will delve into how plan sponsors can incorporate retirement income options in their plans.
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