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PLANSPONSOR NEWSDASH LOGO October 25th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
Arizona Electric Company Sued for Using Actuarial Tables from the 1960s
Arizona Electric Company Sued for Using Actuarial Tables from the 1960s
Plaintiffs argue the outdated tables had the effect of reducing the value of employees’ pensions by underestimating the plaintiffs’ life expectancy.
Investing
Pandemic Era Stimulus Is Haunting the U.S. Economy
Bank of America analyst says outsized federal aid led to inflation and rate increases.
Most Read
Investing
Morgan Stanley Expands Robo-Advising Tech with Blooom Purchase
Compliance
Why Cybersecurity for Retirement Plans is More Important Than Ever
Ask the Experts
Are There Annual or Lifetime Limitations on Roth Conversions?
MARKET MIRROR
Monday, the Dow increased 417.06 points (1.34%) to finish trading at 31,499.62, the Nasdaq gained 92.90 points (0.86%) to close at 10,952.61 and the S&P 500 increased 44.59 points (1.19%) to close at 3,797.34. The Russell 2000 gained 6.16 points (0.35%) to close at 1,748.40 and the Wilshire 5000 increased 386.08 points (1.03%) to end trading at 37,805.51.

The price of the 10-year Treasury note fell 2/32 bringing the yield up to 4.250%. The price of the 30-year Treasury bond decreased 6/32 bringing the yield up to 4.389%.
PROVIDER RELATIONSHIPS | OPEN ENROLLMENT
Open Season
Adding DC plan options to your annual offerings could up plan engagement.
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. 
SURVEYS
DC Survey Is 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 1415, in Northern France, England won the Battle of Agincourt over France during the Hundred Years’ War. In 1812, during the War of 1812, the U.S. frigate United States captured the British vessel Macedonian. In 1854, the Charge of the Light Brigade took place during the Crimean War, when British Lord James Cardigan received an order to attack the Russians. He took his troops into a valley and suffered 40 percent caualties. Later it was revealed that the order was the result of confusion and was not given intentionally. In 1881, the founder of “Cubism,” Pablo Picasso, was born in Malaga, Spain. In 1917, the Bolsheviks under Vladimir Ilyich Lenin seized power in Russia. In 1939, the play “The Time of Your Life” by William Saroyan opened in New York City. In 1955, the microwave oven, for home use, was introduced by The Tappan Company. In 1962, U.S. Ambassador Adlai Stevenson presented photographic evidence to the United Nations Security Council of Soviet missile bases in Cuba. In 1983, U.S. troops and soldiers from six Caribbean nations invaded Grenada to restore order and provide protection to U.S. citizens after a recent coup within Grenada’s Communist government.
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