|
March 12th, 2025
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
Compliance
|
|
Trump Nominates PBGC Head
|
Janet Dhillon was selected to serve as the next director of the Pension Benefit Guaranty Corporation, pending Senate confirmation. 
|
|
|
|
|
|
| MARKET MIRROR |
Tuesday, the Dow fell 478.23 points (1.14%) to close at 41,433.48, the Nasdaq fell 32.23 points (0.18%) to close at 17,436.10 and the S&P 500 fell 42.49 points (0.76%) to close at 5,572.07. The Russell 2000 rose 4.53 points (0.22%) to close at 2,023.59, and the FT Wilshire 5000 Index fell 361.96 points (0.65%) to close at 55,594.59.
The 10-year Treasury note decreased 28/32, bringing the yield to 4.285%. The 30-year Treasury bond decreased 31/32, bringing the yield to 4.599%.
|
|
|
|
|
|
EVENTS
|
|
Register for 2025 PLANSPONSOR National Conference
|
|
Don’t miss the unique cross section of the retirement plan industry and engaging and insightful presentations and panel discussions throughout the conference, taking place at the Chicago Marriott Downtown Magnificent Mile, June 3 – 6, 2025. Find agendas for the half-day immersive workshops and the rest of the event at this link:
|
|
|
|
|
ON THIS DATE: In 1804, Samuel Chase became the first (and, so far, only) U.S. Supreme Court justice to be impeached: he was acquitted on all accounts and continued as a justice until his death in 1811. In 1930, Mahatma Gandhi, leader of the Indian nationalist movement, began the Salt March, a nonviolent protest against British rule. In 1947, President Harry S. Truman articulated what became known as the Truman Doctrine when he asked Congress to appropriate aid for Greece and Turkey, both of which were facing communist threats. In 1993, lawyer and public official Janet Reno was sworn in as U.S. attorney general, becoming the first woman to hold the office. In 1999, Poland, Hungary and the Czech Republic became members of the North Atlantic Treaty Organization shortly before the group’s 50th anniversary. In 2003, the World Health Organization issued a worldwide health alert, one of the first in a decade, regarding an illness it later called severe acute respiratory syndrome, which resulted in the death of hundreds of people in China, Hong Kong and Vietnam. In 2009, hedge fund investment manager Bernie Madoff pled guilty to various crimes related to his operation of a Ponzi scheme that was one of the largest in the world; he was sentenced to 150 years in prison.
|
|
|
| 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: Corebridge | February 25, 2025 | | Impacts on retirement planning: Taking action on the latest changes to Medicare and Social Security | | With the recent changes in nearly every part of retirement, it can be challenging for employers—and their employees—to keep up. We seem to be in a particularly active time with new laws coming on the books, existing law sections rolling out, and changes from every corner.
In this webinar, you will get the latest information and updates to Social Security and Medicare. There is a swirl of activity in both programs, causing more concern than ever about the viability of Social Security. Plus new, hidden costs in Medicare drug plans have taken folks by surprise.
You’ll also see how these changes impact employees as they adjust their plans for retirement. Planning with high costs of goods and services along with complex law changes puts added pressure on employees’ ability to save sufficiently for retirement. |
|
|  | | SPONSORED BY: Lincoln Financial Group | February 4, 2025 | | Benefits at Work: How Financial Wellness Fuels Productivity | | Today’s employees seek meaningful benefits that address their holistic health and financial well-being. To meet their expectations, 80% of employers surveyed agree that a well-rounded, competitive benefits offering is critical, according to our 2024 Small Business Owner survey. More than ever, small businesses need to invest in programs that strengthen employee productivity, loyalty, and morale.
By joining this complimentary webcast, you’ll learn how to:
• Engage today's workforce, including the changing values of millennials and Gen Z, lingering financial concerns, and the key factors driving talent attraction and retention
• Gain a competitive edge for employees with comprehensive benefits, including voluntary employee benefits coverage, retirement savings plans, and financial wellness solutions
• Provide benefits education and wellness programs to help employees take full advantage of their benefits
• Deliver a holistic employee experience with simple plan administration by using a single-source benefits provider |
|
|  | | SPONSORED BY: Edelman | December 17, 2024 | | Managed Accounts as QDIA: Which Approach Works Best for Your Participants? | | Plan sponsors have multiple tools at their disposal to help deliver the right solution at the right time for their participants while maintaining their fiduciary responsibilities. Many plan sponsors have adopted managed accounts as a QDIA, whether for targeted segments of their participant population or as a broader approach. As the #1 DC managed account provider since 2008 (per Cerulli Associates), Edelman Financial Engines is excited to host this webinar and discussion.
This webinar will cover:
Different ways that plan sponsors use managed accounts as a default investment option, and the impact on participants, addressing legal and regulatory concerns with different default structures, how managed accounts and target date funds fit together in a Dual QDIA structure and insights from a leading plan sponsor that uses managed accounts as a default to understand their decision-making process and how the solution improves participant outcomes. |
|
|  | | 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. |
|
|  | | SPONSORED BY: Income America | November 19, 2024 | | Changing the Conversation on Guaranteed Retirement Income | | As retirement plans transition from supplemental savings vehicles to the primary income source for many retirees, plan participants’ perspectives on retirement have shifted significantly. This session will delve into the findings from American Century’s 11th Annual Retirement Survey, highlighting how these evolving views are influencing employers’ goals and strategies in designing their organizations’ plans. With income replacement becoming a critical focus for participants, plan sponsors are increasingly recognizing the need to align retirement plans with these expectations. Additionally, there is a growing emphasis on guaranteed income solutions to better meet the evolving retirement goals of employees. By adapting plans to meet participants’ needs and incorporating sought-after design features, plan sponsors can drive deeper engagement and achieve better outcomes for their participants. |
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2025 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
|
