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June 21st, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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| MARKET MIRROR |
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Tuesday, the Dow fell 245.25 points (0.72%) to close at 34,053.87, the Nasdaq fell 22.28 points (0.16%) to close at 13,667.29 and the S&P 500 fell 20.88 points (0.47%) to close at 4,388.71. The Russell 2000 fell 8.77 points (0.47%) to close at 1,866.70, and the FT Wilshire 5000 Total Market Index fell 220.30 points (0.50%) to close at 44,253.06.
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Fiduciary Forum, BENEFITS
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Time for the SOCs
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Systems and organization control reports can confirm cybersecurity. 
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ON THIS DATE: In 1893, the first Ferris wheel (invented by George Washington Gale Ferris, Jr., a Pittsburgh-based engineer) made its debut at the World’s Columbian Exposition in Chicago. In 1905, Jean-Paul Sartre, a French novelist, playwright and exponent of existentialism who was awarded but declined the Novel Prize for Literature in 1964, was born. In 1919, Italian architect Paolo Soleri, one of the best-known city planners of the 20th century, was born in Turin, Italy. In 1945, Japanese resistance on Okinawa was finally crushed, less than three months after U.S. troops landed there, as the last stepping stone before the planned assault on Japan’s main islands in World War II. In 1963, Paul VI was elected pope of the Roman Catholic Church. In 1982, Prince William of Wales (later Prince William, duke of Cambridge) was born to Prince Charles (now King Charles III) and Diana, princess of Wales. In 1997, the Women’s National Basketball Associated debuted with the league’s first game, in which the New York Liberty defeated the Los Angeles Sparks. In 2009, Greenland became self-governing as an expanded home-rule agreement with Denmark took effect.
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| 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: AllianceBernstein | | The DC Imperative: Advance Investment Solutions to Strengthen the Retirement Lifeline | | Defined contribution plans are a critical component of retirement savings and, for many, can be a lifeline to financial security in retirement. However, participants want and need help to retire with dignity. We believe that the availability of enhanced investment solutions and today’s greater regulatory clarity make this the time for plan sponsors to act. |
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|  | | SPONSORED BY: American Century Investments | | Cracking the Retirement Code: Income Replacement Rates | | Will future retirees have enough income to maintain their pre-retirement standard of living? A retirement plan without an income replacement plan is just a savings account, which could fall short of participants’ needs in retirement. |
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|  | | SPONSORED BY: Alight Solutions and Alegeus | | The Vital Role of HSAs: More Than Just a Health Care Spending Vehicle | | This article explains how HSAs offer triple tax advantages, immediate and long-term financial benefits, and strategic value for both employees and employers, with tips for maximizing participation, minimizing fees, and integrating HSAs into retirement planning. |
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