|
October 19th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
|
|
|
| MARKET MIRROR |
Tuesday, the Dow increased 337.98 points (1.12%) to close at 30,523.80, the Nasdaq gained 96.60 points (0.90%) to close at 10,772.40 and the S&P 500 was up 42.03 points (1.14%) to end trading at 3,719.98. The Russell 2000 increased 20.20 points (1.16%) to close at 1,755.96 and the Wilshire 5000 gained 446.69 points (1.21%) to close at 37,213.65.
The price of the 10-year Treasury note increased 1/32 bringing the yield down to 4.003%. The price of the 30-year Treasury bond decreased 1/32 bringing the yield up to 4.027%.
|
|
|
|
|
|
|
|
SURVEYS
|
|
DC Survey Now Open
|
For more than 20 years, PLANSPONSOR’s annual Defined Contribution Survey has provided benchmarking data for nearly 50 industries/business sectors and for 401(k), 403(b), and other DC plans, as well as nonqualified plans. Represent your industry and plan type by participating, and you’ll receive a free benchmarking report. 
|
|
|
|
|
ON THIS DATE: In 1789, John Jay was sworn in as the first chief justice of the U.S. Supreme Court. In 1781, British General Lord Cornwallis surrendered 8,000 British soldiers and seamen to a larger Franco-American force, effectively bringing an end to the American Revolution. In 1812, one month after Napoleon Bonaparte’s invading force entered Moscow, the French army was forced to retreat out of Russia. In 1977, the supersonic Concorde airplane made its first landing in New York City. In 1985, the first Blockbuster video-rental store opened in Dallas. In 1987, the Dow Jones Industrial Average dropped 508 points—22.6%—the largest-ever one-day percentage decline. In 2006, the Dow Jones Industrial Average ended the day at 12,011.73. It was the first ever close above 12,000.
|
|
|
| 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. |
|
| | | 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. |
|
|  | | SPONSORED BY: Principal Financial Group | June 26, 2024 | | Best practices to manage defined benefit plan costs and risks | | Defined benefit plan sponsors are faced with a myriad of challenges when assessing the impact of plan costs and risks across their organization. Join our panel of pension specialists and learn about the:
- strategies to reduce Pension Benefit Guaranty Corporation (PBGC) premiums.
- value of accurate data. - benefits of consolidating service providers.
- importance of re-examining the DB plan formula.
- advantages of hedging risk before and after a pension risk transfer. |
|
|  | | SPONSORED BY: Corebridge Financial | June 20, 2024 | | The Future of Work in an Aging World | | A combination of longer life expectancy and plunging birth rates has created a very different demographic future, especially in industrialized countries. In the US, we are entering Peak 65®, the period when most of the Baby Boom generation will have already retired, and by the end of this decade, people over the age of 65 in the US will outnumber people under the age of 18 for the first time ever. Over the last century, the population over the age of 65 has grown at a rate five times faster than the total population and will continue to do so for the foreseeable future.
Other countries have begun to feel the consequences of aging long before the US. In Japan, 30% of the population is already over 65, and 10% is over 80. Countries like Japan, South Korea and Singapore have already begun to reshape work, retirement, health care, and housing rules to prepare for the “silver tsunami”.
These changes will have profound implications on everything from how we work to how and when we retire to how we think about healthy aging.
|
|
|  | | SPONSORED BY: Newport, an Ascensus company | June 13, 2024 | | Gain the Edge: Navigating NQDC Trends | |
Recent changes in the nonqualified deferred compensation (NQDC) plan landscape present new opportunities for employers. Tap into the latest trends—and use them to your advantage.
Newport, an Ascensus company, and PLANSPONSOR have partnered to bring you the 2024 Newport/PLANSPONSOR NQDC Trends Survey. Don’t miss this year’s webinar, where our experts will share critical insights from the report.
Leveraging data from over 268 of the country’s leading employers, this report is the retirement industry’s broadest and most comprehensive employer view of NQDC plans. |
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2024 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
|
