Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO November 2nd, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Older Workers in Physical Jobs Face Elevated Retirement Insecurity
Older Workers in Physical Jobs Face Elevated Retirement Insecurity
Physically demanding jobs and involuntary retirement worsen retirement insecurity, according to new research.   
Compliance
CEO Pleads Guilty to Fraud, Failing to Pay 401(k) Contributions
Maddox Group’s Adam Belardino faces up to 45 years in prison for wire fraud and making false statements to the IRS.
Most Read
Compliance
EBSA Head Lisa Gomez Says DOL Continues Honing Retirement Security Rule
Data and Research
Early Withdrawals Found to Exacerbate 401(k) Account Disparities Across Race, Gender
Ask the Experts
Are Roth Excess Deferrals Taxed Twice?
ECONOMIC EVENTS
Construction spending during September was estimated at a seasonally adjusted annual rate of $1,811.1 billion, 0.2% above the revised August estimate of $1,807.0 billion, the Census Bureau reported. The September figure is 10.9% above the September 2021 estimate of $1,632.9 billion. During the first nine months of this year, construction spending amounted to $1,353.7 billion, 11.4% above the $1,215.6 billion for the same period in 2021.
MARKET MIRROR
Tuesday, the Dow decreased 79.75 points (0.24%) to close at 32,653.20, the Nasdaq lost 97.30 points (0.89%) to finish trading at 10,890.85 and the S&P 500 lost 15.88 points (0.41%) to close at 3,856.10. The Russell 2000 gained 4.53 points (0.25%) to close at 1,851.39 and the Wilshire 5000 lost 126.88 points (0.33%) to close at 38,575.72.

The price of the 10-year Treasury note increased 1/32, bringing the yield down to 4.047%. The price of the 30-year Treasury bond increased 1 28/32, bringing the yield down to 4.094%.
Products
Allianz Life Adds Annuity for Defined Contribution Plans
Allianz finds growing numbers of U.S. workers want guaranteed income options in their employer-sponsored retirement plan.
ASK THE EXPERTS
What Are the Limits on a 457(f) Plan?
“I work for a public university that sponsors a 403(b) and 457(b) plan and is currently considering the addition of a 457(f) plan. Now, I know that we can allow all employees to participate in our 403(b) and 457(b) plans, but our recordkeeper is saying that the 457(f) must be limited to select management and highly compensated employees. Is this correct?”
EVENTS
Exploring ESG Investing Conference
Join us Thursday, November 10, for a virtual conference to learn about regulations for environmental, social and governance investing in retirement plans; the debate over whether ESG factors are financial/performance factors; and what allocators, plan sponsors and advisers should consider when deciding whether and how to use ESG investments. 
SMALL TALK
ON THIS DATE: In 1783, General George Washington gave his “Farewell Address to the Army” near Princeton, New Jersey. In 1889, North Dakota was admitted to the union as the 39th U.S. state and South Dakota as the 40th. In 1920, the first commercial radio station in the U.S., KDKA of Pittsburgh, began regular broadcasting. In 1936, the British Broadcasting Corporation officially launched its first television channel, which was also the world’s first regular TV service. In 1983, President Ronald Reagan signed a bill designating the third Monday in January a national holiday in memory of Martin Luther King, Jr. In 1993, Christie Todd Whitman was elected the first woman governor of New Jersey. In 2000, the first resident crew—including one American and two Russians—arrived at the International Space Station. In 2016, the Chicago Cubs won their first World Series championship since 1908, beating Cleveland, 8-7.
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: Corebridge Financial | April 25, 2024
Constructing Retirement Paychecks – 7 steps for employers to help employees
Many employees look forward to a well-earned retirement. Unfortunately, many are going to find they are not as financially prepared as they are physically and mentally prepared for the realities of retirement. It’s shocking when their employer paycheck stops. Now, each employee is on the hook to construct their own retirement paycheck. For the next 20, 25 or 30+ years. That is a tall order. Most people struggle with the intricacies of dealing with so many different types of accounts and investments. They don’t understand the complex rules for retirees. And they don’t know where to turn to get clear, concise, correct information. In short, employees need help from their trusted employer to build their retirement paycheck. How prepared are you to help answer employees’ questions such as: • How can employees stretch their savings long enough to pay for retirement? • When should employees start pensions, Social Security, and annuity payouts? • Why is Medicare so different from employer health insurance? Employees are raising their hands for help. Can you help more employees become more successful retirees? In this session, our guest speaker will cover 7 practical steps employers can take to help prepare employees at every age to construct a paycheck in retirement.
February 28, 2024
Building a thriving workplace
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon linkedin-in icon
Unsubscribe | Manage Subscriptions | Contact Us
Copyright ©2024 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal
702 King Farm Boulevard, Suite 400, Rockville, MD 20850