|
March 6th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
Data and Research
|
|
HBCU Employees Lag Behind in Retirement Assets
|
 |
Due to lower levels of participation and contributions, conservative investing and retirement plan leakage, employees at historically Black colleges and universities struggle with lower balances, according to TIAA. 
|
|
|
|
|
|
|
|
| MARKET MIRROR |
Tuesday, the Dow fell 404.64 points (1.04%) to close at 38,585.19, the Nasdaq fell 267.92 points (1.65%) to close at 15,939.59 and the S&P 500 fell 52.30 points (1.02%) to close at 5,078.65. The Russell 2000 lost 20.60 points (0.99%) to close at 2,053.71, and the FT Wilshire 5000 Index lost 536.39 points (1.04%) to close at 51,132.74.
The 10-year Treasury note increased 5/32, bringing the yield to 4.153%. The 30-year Treasury bond increased 32/32, bringing the yield to 4.291%.
|
|
|
|
|
|
|
|
|
|
ON THIS DATE: In 1836, forces of Mexican General Antonio López de Santa Anna captured the military garrison at the Alamo, a former mission in San Antonio, after a 13-day siege. The battle became a rallying point for Texas-based soldiers in the Texas Revolution, resulting in military victory over Santa Anna’s forces less than two months later. In 1924, the Egyptian government opened the mummy case of King Tutankhamen, ruler of Egypt in the 14th century B.C., whose burial chamber had been discovered in 1922 by renowned British archaeologist Howard Carter. In 1957, the Gold Coast, Northern Territories and British Togoland became the independent nation of Ghana, part of the British Commonwealth, led by Prime Minister Kwame Nkrumah. In 1964, boxer Cassius Clay took the name Muhammad Ali, given to him by his spiritual mentor, Elijah Muhammad, leader of the Nation of Islam. In 1986, painter Georgia O’Keeffe—whose well-known works included large-format paintings of natural forms, especially flowers and bones—died at age 98. In 1981, journalist Walter Cronkite, known as “the most trusted man in America,” signed off as the longtime anchor of the “CBS Evening News.” In 2016, first lady and actress Nancy Reagan—the first lady during the 1981-89 administration of her husband, President Ronald Reagan, and his most trusted adviser and the most zealous protector of his reputation—died in Los Angeles.
|
|
|
| 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: 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. |
|
|  | | SPONSORED BY: Principal | October 30, 2024 | | Rethinking Retirement: Participant Engagement Trends and Best Practices | | Dive into key participant behaviors and engagement trends that can reshape how we approach retirement planning. This presentation highlights the complexities participants face in understanding their eligibility and reveals misconceptions about their enrollment. We’ll explore targeted strategies to help boost participation rates and address certain generational gaps. In today’s saturated digital environment, participants are conditioned to ignore marketing-style emails.
Discover best practices in how to refine your messaging and break through the noise. Finally, we’ll explore why the “easy button” plan features haven’t been working. By evolving messaging to meet participants where they are paired with best practice plan design features, we aim to drive deeper engagement and better outcomes.
*Principal® Retirement Security Survey—Nonparticipants, December 2023.
Intended for Plan Sponsor use only.
PLANSPONSOR is not an affiliate of any company of the Principal Financial Group®.
The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment or tax advice. You should consult with appropriate counsel, financial professionals, and other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements.
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, IA 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 services marks of Principal Financial Services, Inc., in various countries around the world.
© 2024 Principal Financial Services, Inc.
3893943-092024 |
|
| | |
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
|
|
|
|
