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November 2nd, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
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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.
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| 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%.
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ASK THE EXPERTS
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What Are the Limits on a 457(f) Plan?
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“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?” 
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EVENTS
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Exploring ESG Investing Conference
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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.
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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.
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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. |  | | January 28, 2026 | | Benchmarking Your Plan: Using Data to Stay Competitive | | In this webinar, you’ll discover how benchmarking can transform your retirement plan into a powerful tool for attracting and retaining talent. We’ll highlight key findings from the PLANSPONSOR Defined Contribution Survey and show how benchmarking drives smarter plan design decisions.
Hear real-world examples and advisor insights on improving plan competitiveness and employee outcomes. Find out why benchmarking matters, what to look for, and how to put these strategies into action. |
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| | | August 18, 2026 | | DB Plan Administration | | Besides findings from PLANSPONSOR’s annual Defined Benefit Administration Survey, our panel will discuss trends in the defined benefit plan sector. Speakers will also talk about ongoing management of DB plans—whether closed, frozen or active—and benchmarking DB plan providers. With many corporate DB plans now overfunded, the panel will also discuss ways that sponsoring companies can use their plan’s surplus. |
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| | | November 18, 2026 | | Understanding Participant Behavior | | The PLANSPONSOR Participant Survey examines the attitudes and behaviors of American workers participating—or not—in an employer-sponsored retirement plan. We’ll explore findings about respondents’ participation and saving decisions, retirement expectations and most-valued benefits. Speakers will suggest what the findings mean for retirement plan design, benefit offerings and participant engagement. |
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|  | | SPONSORED BY: ACI | December 16, 2025 | | Retirement Realities – What Sponsors May Be Missing | | What do plan sponsors believe about retirement readiness, and how does that compare to what participants actually feel? During this webinar, Glenn Dial, Senior Retirement Strategist at American Century Investments, will unpack the findings from the firm’s 12th Annual Retirement Survey. He’ll explore where sponsor and participant perspectives align – and where they diverge – on key issues like savings confidence, market risk, and retirement income expectations. Glenn will also touch on the evolving role of target date funds (TDFs) and how guaranteed income is being viewed in today’s defined contribution landscape. This session is designed to help retirement professionals better understand the sentiment gaps and take action to close them.
What You’ll Learn:
Fresh insights from the 2025 Retirement Survey.
Key disconnects between plan sponsors and participants.
Perspectives on market risk, TDFs, and retirement income.
Strategic considerations for plan design and communication
Whether you're a plan sponsor, advisor, or industry stakeholder, this webinar will help you rethink how retirement plans can better serve the people they're built for. |
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|  | | SPONSORED BY: Alight | December 3, 2025 | | The Vital Role of HSAs—Beyond a Spending Account | | This webinar will explore the multifaceted value of Health Savings Accounts (HSAs) for both employers and employees, positioning them as more than just tools for healthcare spending. It highlights the unique triple tax advantage of HSAs which makes them a powerful and cost-effective benefit for organizations aiming to enhance employee financial wellness without increasing costs.
We will also emphasize immediate employee benefits such as tax savings, flexibility in covering a wide range of medical expenses, portability, and the absence of a “use it or lose it” rule.
Finally, we will address the importance of minimizing fees, as even small differences can significantly impact long-term savings. It encourages plan sponsors to evaluate HSA providers with the same rigor as 401(k) vendors and to focus on low-cost investment options. |
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