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June 14th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
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The Consumer Price Index for All Urban Consumers rose 0.1% in May on a seasonally adjusted basis, after increasing 0.4% in April, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 4.0% before seasonal adjustment. The index for shelter was the largest contributor to the monthly all items increase, followed by an increase in the index for used cars and trucks.
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| MARKET MIRROR |
Tuesday, the Dow rose 145.79 points (0.43%) to close at 34,212.12, the Nasdaq rose 111.40 points (0.83%) to close at 13,573.32 and the S&P 500 rose 30.08 points (0.69%) to close at 4,369.01. The Russell 2000 gained 23.12 points (1.23%) to close at 1,896.33, and the FT Wilshire 5000 Index gained 334.20 points (0.76%) to close at 44,134.47.
The price of the 10-year Treasury note decreased 29/32, bringing the yield to 3.828%. The price of the 30-year Treasury bond decreased 30/32, bringing the yield to 3.928%.
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EVENTS
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2023 PS Plan Progress Webinar Series: Provider Due Diligence
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Join PLANSPONSOR June 15 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. 
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ON THIS DATE: In 1777, the Continental Congress approved the Stars and Stripes as the first national flag of the U.S. In 1811, author Harriet Beecher Stowe—whose novel Uncle Tom’s Cabin fueled antislavery sentiment and was cited among the causes of the Civil War—was born in Litchfield, Connecticut. In 1940, the first transport of Polish political prisoners arrived at Auschwitz, which became Nazi Germany’s largest concentration, extermination and slave-labor camp, where more than one million people died. In 1963, the manned Soviet spacecraft Vostok 5 was launched, and two days later Vostok 6 was sent into orbit carrying cosmonaut Valentina V. Tereshkova, the first woman to travel in space. In 1969, German tennis player Steffi Graf was born. She became the first tennis player to achieve the Golden Slam by winning all major singles titles and the Olympic gold medal in the same calendar year. In 2009, basketball coach Phil Jackson won a record-setting 10th NBA championship, as the Los Angeles Lakers defeated the Orlando Magic.
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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. |  | | SPONSORED BY: ACI | December 16, 2025 | | Retirement Realities – What Sponsors May Be Missing | | What do plan sponsors believe about retirement readiness, and how does that compare to what participants actually feel? During this webinar, Glenn Dial, Senior Retirement Strategist at American Century Investments, will unpack the findings from the firm’s 12th Annual Retirement Survey. He’ll explore where sponsor and participant perspectives align – and where they diverge – on key issues like savings confidence, market risk, and retirement income expectations. Glenn will also touch on the evolving role of target date funds (TDFs) and how guaranteed income is being viewed in today’s defined contribution landscape. This session is designed to help retirement professionals better understand the sentiment gaps and take action to close them.
What You’ll Learn:
Fresh insights from the 2025 Retirement Survey.
Key disconnects between plan sponsors and participants.
Perspectives on market risk, TDFs, and retirement income.
Strategic considerations for plan design and communication
Whether you're a plan sponsor, advisor, or industry stakeholder, this webinar will help you rethink how retirement plans can better serve the people they're built for. |
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|  | | January 28, 2026 | | Benchmarking Your Plan | | In this webinar, we’ll review findings from the annual PLANSPONSOR Defined Contribution Survey. Speakers will discuss ways to benchmark a DC plan to ensure it’s an important workforce attraction and retention tool. They will also address incorporating key plan design features that can improve employee retirement outcomes. |
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| | | August 18, 2026 | | DB Plan Administration | | Besides findings from PLANSPONSOR’s annual Defined Benefit Administration Survey, our panel will discuss trends in the defined benefit plan sector. Speakers will also talk about ongoing management of DB plans—whether closed, frozen or active—and benchmarking DB plan providers. With many corporate DB plans now overfunded, the panel will also discuss ways that sponsoring companies can use their plan’s surplus. |
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| | | November 18, 2026 | | Understanding Participant Behavior | | The PLANSPONSOR Participant Survey examines the attitudes and behaviors of American workers participating—or not—in an employer-sponsored retirement plan. We’ll explore findings about respondents’ participation and saving decisions, retirement expectations and most-valued benefits. Speakers will suggest what the findings mean for retirement plan design, benefit offerings and participant engagement. |
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|  | | SPONSORED BY: Alight | December 3, 2025 | | The Vital Role of HSAs—Beyond a Spending Account | | This webinar will explore the multifaceted value of Health Savings Accounts (HSAs) for both employers and employees, positioning them as more than just tools for healthcare spending. It highlights the unique triple tax advantage of HSAs which makes them a powerful and cost-effective benefit for organizations aiming to enhance employee financial wellness without increasing costs.
We will also emphasize immediate employee benefits such as tax savings, flexibility in covering a wide range of medical expenses, portability, and the absence of a “use it or lose it” rule.
Finally, we will address the importance of minimizing fees, as even small differences can significantly impact long-term savings. It encourages plan sponsors to evaluate HSA providers with the same rigor as 401(k) vendors and to focus on low-cost investment options. |
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