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PLANSPONSOR NEWSDASH LOGO October 26th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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2020 Participant Survey
2020 Participant Survey
Having a retirement plan is important to retirement security, especially during the pandemic, yet few participants took positive savings behaviors, PLANSPONSOR’s 2020 Participant Survey shows.
Events
The Importance of Social Security Education for Participants
To educate employees, plan sponsors must understand Social Security themselves. Join PLANSPONSOR and retirement industry experts during a webinar as they discuss what plan sponsors need to know about Social Security; how plan sponsors can offer Social Security education to employees; and the importance of personalized Social Security planning for employees.
Most Read
1
Cybersecurity Risks Still Lurking for Retirement Plan Sponsors
2
2020 Recordkeeping Survey
3
Employers Increasingly Interested in ICHRAs as a Health Benefit Offering
4
House Committee Introduces ‘Securing a Strong Retirement Act of 2020’
5
Rules for Retaining Benefit Plan Records
SPONSORED BY: AIG LIFE & RETIREMENT
Help Your Employees Navigate Public Service Student Loan Forgiveness.
AIG Retirement Services created a program that makes it simple – from eligibility to enrollment.
Economic Events
Today, the Census Bureau will report about new home sales for September. Tomorrow, the Census Bureau will report about durable goods orders for September, and the Conference Board will issue its Consumer Confidence Index for September. Thursday, the Labor Department will release its initial claims report.
Market Mirror
Friday, the Dow was down 28.09 points (0.10%) at 28,335.57, the NASDAQ closed 42.28 points (0.37%) higher at 11,548.28, and the S&P 500 decreased 11.90 points (0.34%) to 3,465.39. The Russell 2000 was up 10.25 points (0.63%) at 1,640.50, and the Wilshire 5000 gained 132.83 points (0.37%) to finish at 35,793.40.

The price of the 10-year Treasury note increased 25/32, bringing its yield down to 0.836%. The price of the 30-year Treasury bond climbed 32/32, decreasing its yield to 1.641%.

For the week ending October 23, the Dow lost 0.95%, the NASDAQ fell 1.06%, and the S&P 500 finished 0.56% lower. The Russell 2000 was up 0.41%, and the Wilshire 5000 decreased 0.46%.
Benefits
The Growing Importance of Equity Compensation
Younger workers appear to be much more comfortable than their older peers when it comes to negotiating for access to equity-based compensation.
Data and Research
COVID-19’s Effect on Retirement Savings Could Be Long-Lasting
Actions detrimental to employees’ long-term financial security have increased 50% since April, and illustrations show the effect of some of those actions on account balances at retirement.
PBGC Reports Effect of Pension Risk Transfers on Its Premium Income
The agency could see a premium income loss of $196 million for the 2019 premium payment year, but certain trade-offs make it hard to tell if the PBGC’s future net financial position will be strengthened or weakened.
Participants
Gen X Amenable to In-Plan Guarantees
Gen Xers are in unique situations for which they need education and help to boost their retirement readiness. 
Products
Student Loan Repayment Program Added to UBS Workforce Suite
The investment firm has also added personalized financial wellness digital capabilities.
Deals and People
Retirement Industry People Moves
Findley to join USI; Groom Law Group selects litigators for ERISA practice; Robeco appoints insurance analytics head; and more.
SPONSORED BY: AIG LIFE & RETIREMENT
Help Your Employees Own Their Futures With Retirement Pathfinder®
AIG Retirement Services created an interactive tool that helps your employees get a personalized plan for retirement.
Small Talk
ON THIS DATE: In 1825, the Erie Canal opened, connecting the Great Lakes with the Atlantic Ocean via the Hudson River. In 1858, H.E. Smith patented the rotary-motion washing machine. In 1881, the Earp brothers faced off against the Clanton-McLaury gang in a legendary shootout at the O.K. Corral in Tombstone, Arizona. In 1970, “Doonesbury,” the comic strip by Gary Trudeau, premiered in 28 newspapers across the U.S. In 1984, at Loma Linda University Medical Center in Loma Linda, California, Dr. Leonard L. Bailey performed the first baboon-to-human heart transplant, replacing a 14-day-old infant girl’s defective heart with the healthy, walnut-sized heart of a young baboon. The infant, known as “Baby Fae,” died 21 days later. In 1990, Wayne Gretzky became the first NHL player to reach 2,000 points. In 2001, President George W. Bush signed the Patriot Act, an anti-terrorism law drawn up in response to the attacks on the Pentagon and World Trade Center on September 11, 2001.
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