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November 13th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
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| MARKET MIRROR |
Tuesday, the Dow fell 382.15 points (0.86%) to close at 43,910.98, the Nasdaq fell 17.36 points (0.09%) to close at 19,281.40 and the S&P 500 fell 17.36 points (0.29%) to close at 5,983.99. The Russell 2000 fell 43.13 points (1.77%) to close at 2,391.85, and the FT Wilshire 5000 Index fell 240.33 points (0.40%) to close at 60,253.196.
The 10-year Treasury note decreased 32/32, bringing the yield to 4.432%. The 30-year Treasury bond decreased 1 28/32, bringing the yield to 4.569%.
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ON THIS DATE: In 1916, during World War I, a costly four-month Allied offensive against German positions along the Somme River ended. In 1918, Egyptian patriot Saad Zaghloul formed a nationalist political party that was instrumental in gaining Egyptian independence from Britain. In 1940, the animated film “Fantasia” had its first public screening, and it became one of Disney’s more controversial works. In 1985, the volcano Mount Ruiz in Cordillera Central of the Andes, in west-central Colombia, erupted twice, burying the town of Armero and killing an estimated 25,000 people. In 2001, on the heels of the U.S.-led invasion of Afghanistan prompted by the deadly terrorist attacks of September 11, the army of the anti-Taliban Northern Alliance captured the capital city of Kabul. In 2015, terrorists staged coordinated attacks in Paris and surrounding areas, the deadliest occurring at the Bataclan theater and concert; in all, at least 130 people were killed and more than 350 were wounded.
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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. |  | | 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: 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. |
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|  | | 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 |
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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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