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October 11th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
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August 2023 sales of merchant wholesalers were $662.3 billion, up 1.8% from July, the Census Bureau reported. End-of-month inventories were $900.2 billion, down 0.1% from July.
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| MARKET MIRROR |
Tuesday, the Dow rose 134.65 points (0.40%) to close at 33,739.30, the Nasdaq rose 78.61 points (0.58%) to close at 13,562.84 and the S&P 500 rose 22.58 points (0.52%) to close at 4,358.24. The Russell 2000 rose 19.95 points (1.14%) to close at 1,775.95, and the FT Wilshire 5000 Index rose 261.76 points (0.60%) to close at 43,871.27.]
The 10-year Treasury note fell 4/32, bringing the yield to 4.664%. The 30-year Treasury bond fell 4/32, bringing the yield to 4.834.
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EVENTS
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Navigating ESG
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What is the current status of ESG investing for asset owners, plan sponsors and plan advisers? Who are the experts and where can investors go for information? What questions should investors ask as part of their due diligence? These questions and more will be discussed at the 2023 Navigating ESG Livestream event on November 8. 
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ON THIS DATE: In 1958, the unmanned U.S. deep-space probe Pioneer 1 was launched into lunar orbit. In 1962, the Second Vatican Council, announced by Pope John XXIII in 1959, opened and lasted for three years. In 1971, John Lennon’s song “Imagine” was released as a single. In 1974, the Nuclear Regulatory Commission was established by President Gerald R. Ford to oversee the civilian use of nuclear materials in the U.S. In 1975, the TV sketch comedy and variety show “Saturday Night Live” debuted on NBC. In 1984, U.S. astronaut Kathryn Sullivan became the first woman to walk in space. In 1991, during the confirmation hearings for Clarence Thomas—who had been nominated to the U.S. Supreme Court, lawyer Anita Hill testified before the Senate Judiciary Committee and accused him of sexual harassment; Thomas was narrowly confirmed, 52–48. In 2000, at a ceremony in London, the International Women of the Year Association awarded the title Greatest Woman Achiever of the Century to Russian cosmonaut Valentina V. Tereshkova, the first woman in space. In 2002, Congress passed a bill granting President George W. Bush broad authority to use force against Iraq.
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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. |  | | September 19, 2024 | | Financial Wellness | | Plan sponsors, advisers and policy experts will offer suggestions for how best to define and measure the financial wellness of participants and drive financial confidence. The panel will also review how they evaluate the myriad new offerings appearing as a result of the voluntary benefits provisions of SECURE 2.0. Attendees will come away with tangible metrics for determining which programs will offer the most useful and valuable programs for their employees. |
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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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| | | | | 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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