|
November 30th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
|
|
|
| ECONOMIC EVENTS |
|
The Conference Board Consumer Confidence Index decreased in November after also losing ground in October. The Index now stands at 100.2, down from 102.2 in October. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased to 137.4 from 138.7 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—declined to 75.4 from 77.9.
|
|
|
|
| MARKET MIRROR |
Tuesday, the Dow increased 3.07 points (0.01%) to close at 38,852.53, the Nasdaq lost 65.72 points (0.59%) to close at 10,983.78 and the S&P 500 decreased 6.31 points (0.16%) to end trading at 3,957.63. The Russell 2000 increased 5.59 points (0.31%) to close at 1,836.55 and the Wilshire 5000 decreased 39.08 points (0.10%) to close at 39,348.53.
The price of the 10-year Treasury note increased 1/32, bringing the yield down to 3.749%. The price of the 30-year Treasury bond increased 2/32, bringing the yield down to 3.806%.
|
|
|
|
ASK THE EXPERTS
|
|
When Are SECURE and CARES Acts Plan Amendments Due?
|
I work for a private, tax-exempt entity that sponsors 401(a), 403(b) and 457(b) plans. We were under the impression that all of our plans had to be amended for The Setting Every Community Up for Retirement Enhancement Act of 2019 and the Coronavirus Aid, Relief, and Economic Security Act by December 31, 2023, but our recordkeeper indicates that this is no longer the case. Is that correct? 
|
|
|
|
|
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.
|
|
|
EVENTS
|
|
Plan Progress Webinar: Student Loan Debt Benefits
|
|
Join PLANPSONSOR and a panel of experts on December 15 to learn what options are available for student loan debt benefits, their structure and cost; how student loan repayment help fits into an employer’s overall financial wellness benefits; what communications employees need about student loan debt and saving for retirement, and more
|
|
|
|
|
ON THIS DATE: In 1782, Britain and the U.S. signed the preliminary articles of the Treaty of Paris as part of the Peace of Paris, a collection of treaties concluding the American Revolution. In 1874, British statesman, orator and author Sir Winston Churchill, was born in Oxfordshire. In 1876, Yale defeated Princeton, 2-0, in Hoboken, N.J. in the first collegiate football game played on Thanksgiving. In 1924, politician Shirley Chisholm, the first African American woman to be elected to Congress, was born. In 1928, General Mills stock debuted on the New York Stock Exchange. In 1966, Barbados achieved independence from Britain. In 1993, during a White House ceremony attended by former attorney general James S. Brady, President Bill Clinton signed the Brady handgun-control bill into law. In 1999, Exxon and Mobil formally merged, becoming ExxonMobil. In 2018, politician George H.W. Bush, who was the 41st president of the U.S., died at the age of 94.
|
|
|
| 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: 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. |
|
|  | | January 28, 2026 | | Benchmarking Your Plan | | In this webinar, we’ll review findings from the annual PLANSPONSOR Defined Contribution Survey. Speakers will discuss ways to benchmark a DC plan to ensure it’s an important workforce attraction and retention tool. They will also address incorporating key plan design features that can improve employee retirement outcomes. |
|
| | | 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. |
|
| | | 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. |
|
|  | | 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. |
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2025 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
|
