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May 24th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
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Sales of new single-family houses in April were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.1% above the revised March rate of 656,000 and is 11.8% above the April 2022 estimate of 611,000.
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| MARKET MIRROR |
Tuesday, the Dow fell 231.07 points (0.69%) to close at 33,055.51, the Nasdaq fell 160.53 points (1.26%) to close at 12,560.25 and the S&P 500 fell 47.05 points (1.12%) to close at 4,145.58. The Russell 2000 lost 7.67 points (0.43%) to close at 1,787.71, and the Wilshire 5000 lost 447.66 points (1.08%) to close at 40,949.85.
The price of the 10-year Treasury note decreased 1/32, bringing the yield to 3.700%. The price of the 30-year Treasury bond decreased 1/32, bringing the yield to 3.951%.
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SURVEYS
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Get Your SECURE 2.0 Questions Answered
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During a special session at the PLANSPONSOR National Conference in June, Mark Iwry will participate in a lightening round about the new SECURE 2.0 Act. Mark brings a unique insider’s perspective on the legislation, having been Senior Advisor to the Secretary of the Treasury (2009-2017) and the U.S. Treasury Department’s Deputy Assistant Secretary for national Retirement and Health Policy, as well as having advised Hill staff on the development of important parts of the law. It will be a perfect opportunity for you to have your questions answered. Please take a few minutes to complete this short survey to let us know what provisions of the law you want to hear about and what questions you have for Mark. 
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ON THIS DATE: In 1883, the Brooklyn Bridge—spanning the East River from Brooklyn to Manhattan Island in New York City—opened. It was designed by civil engineer John Augustus Roebling. In 1941, singer-songwriter Bob Dylan, who was hailed as the Shakespeare of his generation, was born in Duluth, Minnesota. In 1951, in the U.S. nuclear program, the fourth test of Operation Greenhouse was conducted, resulting in the first proof-of-principle test of a booster design in nuclear fission. In 1956, the first Eurovision Song Contest was held in Lugano, Switzerland, and it became a hugely popular annual event. In 1994, four men convicted in the 1993 bombing of the World Trade Center in New York City were each sentenced to 240 years in prison; the terrorist attack killed six people and injured some 1,000. In 2000, Israel ended its 18-year occupation of southern Lebanon, withdrawing the last of its troops from its self-declared security zone.
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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 | 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. |
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|  | | 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. |
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|  | | SPONSORED BY: Corebridge Financial | September 30, 2024 | | How College Planning Fits Into Financial Wellness | | When it comes to the college search, you’ll often hear talk about finding the right “fit.” Usually that means academic and social fit, but a key piece of fit is also the financial fit. A college degree is one of the most expensive purchases a family will make in their lifetime. Figuring out what you will pay, how much you can afford, and how you will find the best value for your money is a critical component of any college search. In this webinar, New York Times bestselling parenting and higher education writer Jeff Selingo will explain how to assess the value of a college and ways to compile the college list with financial wellness in mind. Jeff spent a year inside the college admissions process for his book, Who Gets In and Why, and has written about higher education for 25 years. |
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| | | September 19, 2024 | | Financial Wellness | | Plan sponsors, advisers and policy experts will offer suggestions for how best to define and measure the financial wellness of participants and drive financial confidence. The panel will also review how they evaluate the myriad new offerings appearing as a result of the voluntary benefits provisions of SECURE 2.0. Attendees will come away with tangible metrics for determining which programs will offer the most useful and valuable programs for their employees. |
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