October 26th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Investing Managed Accounts Provide Personalized Investments but Some Sponsors Hesitant to Offer Despite the many advantages of managed accounts, plan sponsors still have reservations due to concerns about fees, litigation and participant engagement, new research finds. UpFront A $1,000 Buffer Can Keep Savings Afloat An emergency account serves to back up participants’ savings in their employer-sponsored plan, research finds. Most Read Benefits Social Security COLA Increase to Add About $50 per Month in 2025 Administration Many Taxpayers Dodged Penalty Tax for Early Retirement Withdrawals Administration Bills to Ban Arbitration Clauses Reappear in House, Senate ECONOMIC EVENTS Sales of new single-family houses in September 2023 were at a seasonally adjusted annual rate of 759,000,the Census Bureau reported. This is 12.3% above the revised August 2023 estimate of 676,000. MARKET MIRROR Wednesday, the Dow fell 105.45 points (0.32%) to close at 33,035.93, the Nasdaq fell 318.65 points (2.43%) to close at 12,821.22 and the S&P 500 fell 60.91 points (1.43%) to close at 4,186.77. The Russell 2000 fell 28.07 points (1.67%) to close at 1,651.43, and the FT Wilshire 5000 fell 649.61 points (1.52%) to close at 41,962.53. The 10-year Treasury note rose 4/32, bringing the yield to 4.961%. The 30-year Treasury bond rose 5/32, bringing the yield to 5.089%. Inside Angle PRTs’ New Notoriety What the DOL may address if revisiting IB 95-1. EVENTS Navigating ESG 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. RESEARCH Don't miss your chance to participate in PLANSPONSOR's DC Survey! PLANSPONSOR’s annual DC Survey is closing soon. Be a part of the most widely used benchmarking data for the defined contribution retirement plan marketplace. Eligible plan sponsors that participate in the survey will get a free copy of an industry report that can be useful for plan benchmarking. SMALL TALK ON THIS DATE: In 1813, British and U.S. troops clashed in the Battle of Châteauguay during the War of 1812. In 1825 the Erie Canal, the first navigable waterway connecting the Great Lakes with the Atlantic Ocean, via the Hudson River, officially opened; its success propelled New York City into a major commercial center and encouraged canal construction throughout the U.S. In 1881, a feud between the Earp brothers (Wyatt, Virgil and Morgan) and an outlaw gang led by Ike Clanton escalated into a shootout at the O.K. Corral in Tombstone, Arizona Territory. In 1958, America’s first jet airliner, the Boeing 707, entered service for Pan American World Airways. In 1970, following an absence of more than three years, boxer Muhammad Ali returned to the ring, defeating Jerry Quarry; Ali had been barred from fighting after he refused to be inducted into the U.S. Army during the Vietnam War. In 1984, the action thriller “The Terminator” was released in the U.S; the successful film helped make actor Arnold Schwarzenegger a star and established director James Cameron. 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. In 2005, the Chicago White Sox defeated the Houston Astros to win the team’s first Major League Baseball World Series title since 1917. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850