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March 29th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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AWARDS
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More Plan Sponsor of the Year Finalists Announced!
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PLANSPONSOR is pleased to announce the 2023 Plan Sponsor of the Year finalists in the Corporate DC <25MM and Corporate DC $25MM to $150MM categories. Stay tuned for more announcements this week. 
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DEALS AND PEOPLE
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Retirement Industry People Moves
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UBS Asset Management appoints Shamaila Khan as head of fixed income for emerging markets and Asia Pacific, FuturePlan by Ascensus appoints Jeff Cricenti as sales divisional vice president, KKR names Paula Roberts chief investment strategist for private wealth and more.
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| ECONOMIC EVENTS |
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The Conference Board Consumer Confidence Index increased slightly in March to 104.2, up from 103.4 in February. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased to 151.1 from 153.0 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—ticked up to 73.0 from 70.4 in February
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| MARKET MIRROR |
Tuesday, the Dow fell 37.83 points (0.12%) to close at 32,394.25, the Nasdaq fell 52.76 points (0.45%) to close at 11,716.08 and the S&P 500 fell 6.26 points (0.16%) to close at 3,971.27. The Russell 2000 lost 1.04 points (0.06%) to close at 1,752.63 and the Wilshire 5000 lost 56.79 points (0.14%) to close at 39,318.14.
The price of the 10-year Treasury note decreased 3/32, bringing the yield to 3.567%. The price of the 30-year Treasury bond decreased 2/32, bringing the yield to 3.772%.
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ON THIS DATE: In 1867, with the British North America Act, the British colonies of Nova Scotia, New Brunswick and Canada were united as the Dominion of Canada. In 1918, American entertainer Pearl Bailey was born. In 1951, Julius and Ethel Rosenberg were found guilty of espionage and were sentenced to death for turning over U.S. military secrets to the Soviet Union. In 1961, the Twenty-third Amendment was certified, allowing residents of Washington, D.C., to vote in presidential elections. In 1973, American troops evacuated Saigon (Ho Chi Minh City) as the United States ended its involvement in the Vietnam War. In 1999, Canadian ice hockey player Wayne Gretzky scored the final goal of his career. He retired at the end of the season and remains the NHL’s all-time leader in goals. In 2019, French filmmaker Agnes Varda, whose movies were hugely influential in the New Wave movement, died at age 90.
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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: Principal | June 24, 2025 | | Pension Risk: Strategies to Help Manage Market Volatility | | In recent years, many defined benefit plan sponsors have maintained significant allocations to equity investments, experiencing asset growth. Now, as market volatility threatens funding ratio gains, it’s important to consider strategies to help lock in DB plan funding gains and reduce investment risk.
Get perspective and insights from defined benefit leaders as they discuss:
What to consider when implementing or adjusting a liability-driven investing (LDI) strategy
When pension risk transfer (PRT) may be an option
How consolidating services with one provider could help improve risk alignment
In a challenging time for pension plan management, you can prepare to de-risk when the timing is right. |
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| | | SPONSORED BY: Principal | May 6, 2025 | | Trump’s first 100 days: What could be next for retirement policy | | What could the first 100 days of a second Trump administration mean for retirement security? Hear from our experienced policy team as they analyze key tax and regulatory changes that could shape the future of retirement planning.
We’ll cover:
The push to extend the Tax Cuts and Jobs Act (TCJA) and its funding challenges
The potential impact on retirement tax incentives
Executive orders and regulatory updates under SECURE 2.0
Stay informed and gain insights to navigate the evolving retirement landscape.
PLANSPONSOR is not an affiliate of any company of the Principal Financial Group®.
Insurance products and plan administrative services provided through Principal Life Insurance Company®. Securities offered through Principal Securities, Inc., member SIPC, and/or independent broker-dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, Iowa 50392.
Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States, and are trademarks and service marks of Principal Financial Services, Inc., in various countries around the world.
© 2025 Principal Financial Services, Inc., 711 High Street, Des Moines, Iowa 50392
PQ14034 | 4388076-042025 | 04/2025 |
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|  | | 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. |
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|  | | 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 |
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|  | | 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. |
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