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July 6th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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Compliance
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Hopes Are High for Lame-Duck Passage of SECURE 2.0
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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. 
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| ECONOMIC EVENTS |
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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.
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| 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%.
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Data and Research
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ESG Integral to Defined Benefit Plans
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According to a new Morningstar survey, institutional asset owners are in broad agreement that environmental, social and governance factors do not harm investment returns.
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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.
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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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| | | 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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|  | | SPONSORED BY: Principal Financial Group | June 26, 2024 | | Best practices to manage defined benefit plan costs and risks | | Defined benefit plan sponsors are faced with a myriad of challenges when assessing the impact of plan costs and risks across their organization. Join our panel of pension specialists and learn about the:
- strategies to reduce Pension Benefit Guaranty Corporation (PBGC) premiums.
- value of accurate data. - benefits of consolidating service providers.
- importance of re-examining the DB plan formula.
- advantages of hedging risk before and after a pension risk transfer. |
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|  | | SPONSORED BY: Corebridge Financial | June 20, 2024 | | The Future of Work in an Aging World | | A combination of longer life expectancy and plunging birth rates has created a very different demographic future, especially in industrialized countries. In the US, we are entering Peak 65®, the period when most of the Baby Boom generation will have already retired, and by the end of this decade, people over the age of 65 in the US will outnumber people under the age of 18 for the first time ever. Over the last century, the population over the age of 65 has grown at a rate five times faster than the total population and will continue to do so for the foreseeable future.
Other countries have begun to feel the consequences of aging long before the US. In Japan, 30% of the population is already over 65, and 10% is over 80. Countries like Japan, South Korea and Singapore have already begun to reshape work, retirement, health care, and housing rules to prepare for the “silver tsunami”.
These changes will have profound implications on everything from how we work to how and when we retire to how we think about healthy aging.
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|  | | SPONSORED BY: Newport, an Ascensus company | June 13, 2024 | | Gain the Edge: Navigating NQDC Trends | |
Recent changes in the nonqualified deferred compensation (NQDC) plan landscape present new opportunities for employers. Tap into the latest trends—and use them to your advantage.
Newport, an Ascensus company, and PLANSPONSOR have partnered to bring you the 2024 Newport/PLANSPONSOR NQDC Trends Survey. Don’t miss this year’s webinar, where our experts will share critical insights from the report.
Leveraging data from over 268 of the country’s leading employers, this report is the retirement industry’s broadest and most comprehensive employer view of NQDC plans. |
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