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May 3rd, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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Administration
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How Technology Has Transformed the RFP Process
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When searching for a new recordkeeper or adviser, plan sponsors can take advantage of new technology tools to help streamline the RFP process and avoid the administrative headache. 
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| ECONOMIC EVENTS |
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New orders for manufactured durable goods in March, up following two consecutive monthly decreases, increased $8.6 billion or 3.2% to $276.4 billion, the Census Bureau announced. This followed a 1.2% February decrease. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $8.1 billion or 9.1% to $97.4 billion.
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| MARKET MIRROR |
Tuesday, the Dow fell 367.17 points (1.08%) to close at 33,684.53, the Nasdaq fell 132.09 points (1.08%) to close at 12,080.51 and the S&P 500 fell 48.29 points (1.16%) to close at 4,119.58. The Russell 2000 dropped 37.10 points (2.10%) to close at 1,732.11 and the Wilshire 5000 lost 518.49 points (1.26%) to close at 40,533.90.
The price of the 10-year Treasury note increased 1 2/32, bringing the yield to 3.429%. The price of the 30-year Treasury bond increased 1 29/32, bringing the yield to 3.714%.
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EVENTS
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2023 HSA Conference On Demand
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If you missed last month’s HSA Conference, don’t worry. All sessions are on demand until July 19. Register to learn more about health savings accounts, the business case for offering them or not, and how to position them on employees’ benefits menu.
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ON THIS DATE: In 1898, Golda Meir, co-founder of Israel and the fourth prime minister was born in Kiev, Ukraine, then part of the Russian Empire. In 1937, American author Margaret Mitchell won a Pulitzer Prize for her novel Gone With the Wind, which was made into an Academy Award-winning film two years later. In 1958, the Kentucky Derby horse race was televised nationally in the U.S. for the first time; the winning horse was Hill Gail, ridden by jockey Eddie Arcaro. In 1979, Margaret Thatcher of the Conservative Party was elected British prime minister, becoming the first woman in Europe to hold that post. She later became the longest continuously serving British premier since 1827. In 1996, at the first formal review of the 1980 Convention on Inhume Weapons, the signatories agreed to curtail the use of land mines over the next decade. In 2016, a wildfire forced the evacuation of Fort McMurray, Alberta—the capital of Canada’s tar sand industry—and the surrounding area. Ultimately, more than 80,000 people fled the blaze, which caused billions of dollars in losses.
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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 | 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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|  | | 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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No reproduction without prior authorization.
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