Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO November 17th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Language Messaging For Retirement Planning May Be More Dependable Communication
Language Messaging For Retirement Planning May Be More Dependable Communication
A New Capital Group survey examines the role of language and imagery in communicating with participants. 
Data and Research
Fidelity 401(k) Balances Drop 23%, But Default Savings Hold
Workers kept their employer-sponsored retirement plans on track in Q3 even as they saw 21% or higher declines in their retirement accounts.
Most Read
Compliance
Senator Cardin Worried SECURE 2.0 Won’t Pass This Year
Investing
Morgan Stanley Expands Robo-Advising Tech with Blooom Purchase
Compliance
Republicans Move to Prevent SEC Climate Disclosure Requirements
ECONOMIC EVENTS
Advance estimates of U.S. retail and food services sales for October, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $694.5 billion, up 1.3% from the previous month and 8.3% above October 2021, the Census Bureau reported. Total sales for August through October were up 8.9% from the same period one year ago. Retail trade sales were up 1.2% from September and 7.5% from last year. Gasoline station sales were up 17.8% from October 2021, while food services and drinking places were up 14.1% from last year.

U.S. total business end-of-month inventories for September were $2.46 trillion, up 0.4% from last month, the Census Bureau reported. U.S. total business sales were $1.85 trillion, up 0.2% from last month. 
MARKET MIRROR
Wednesday, the Dow lost 39.09 points (0.12%) to close at 33,553.83, the Nasdaq decreased 174.75 points (1.54%) to close at 11,183.66 and the S&P 500 lost 32.94 points (0.83%) to close at 3,958.79. The Russell 2000 decreased 36.04 points (1.91%) to end trading at 1,853.17 and the Wilshire 5000 decreased 410.74 points (1.03%) to close at 39,433.57.

The price of the 10-year Treasury note increased 29/32, bringing the yield down to 3.693%. The price of the 30-year Treasury bond increased 2 1/32, bringing the yield down to 3.845%. 
Compliance
Juniper Agrees to Settle ERISA Suit for $3 million
The network hardware firm agreed to an ERISA settlement totaling $3 million to dismiss claims of fiduciary breach.
PROVIDER RELATIONSHIPS | FIDUCIARY INSURANCE
The Cost of Protection
Managing the growing expense of liability coverage.
SURVEYS
CIO’s Transition Management Survey
Are you a provider of transition management services and want to make your services known to institutional investors? If so, you are invited to respond to CIO’s Transition Management Survey.
SMALL TALK
ON THIS DATE: In 1777, the Articles of Confederation were submitted to the states for ratification. In 1800, Congress held its first session in Washington, D.C., in the partially completed Capitol building. In 1869, the Suez Canal connecting the Mediterranean and Red Seas, opened in Egypt. In 1968, TV viewers were outraged because an N.F.L. football game was cut off to air the movie “Heidi.” In 1973, during the Watergate scandal, President Richard Nixon held a press conference in which he declared, “I am not a crook.” In 1997, Mario Lemieux was voted into the Hockey Hall of Fame. In 2003, actor and former bodybuilder Arnold Schwarzenegger was sworn in as the 38th governor of California. 
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850