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September 13th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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| MARKET MIRROR |
Tuesday, the Dow fell 17.73 points (0.05%) to close at 34,645.99, the Nasdaq fell 144.28 points (1.04%) to close at 13,773.62 and the S&P 500 fell 25.56 points (0.57%) to close at 4,461.90. The Russell 2000 gained 0.18 points (0.01%) to close at 1,855.32, and the FT Wilshire 5000 Index lost 233.09 points (0.52%) to close at 44,996.20.
The price of the 10-year Treasury note was unchanged, bringing the yield to 4.286%. The price of the 30-year Treasury bond increased 26/32, bringing the yield to 4.352%.
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AWARDS
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2023 Best in Class 401(k) Plans
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PLANSPONSOR is pleased to announce the 9th ‘class’ of companies to have earned its Best in Class 401(k) Plan designation. 
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ON THIS DATE: In 1857, Milton Snavely Hershey, founder of the Hershey Chocolate Company, was born in Pennsylvania. In 1886, African American educator, writer and philosopher Alain Locke, remembered as the leader and chief interpreter of the Harlem Renaissance, was born. In 1911, singer, songwriter and mandolin player Bill Monroe, considered the father of bluegrass music, was born. In 1971, a revolt in New York’s Attica Correctional Facility ended after a bloody state police assault on the prison, in which 29 inmates and 10 hostages were killed. In 1990, the law-enforcement series “Law & Order” debuted on the NBC television network; the show became one of the longest-running prime-time TV dramas in the U.S. In 1993, the Oslo Accords were signed in Norway, helping to create the Palestinian interim self-government and calling for the withdrawal of the Israeli Defense Forces from the West Bank and Gaza Strip. In 2001, U.S. Secretary of State Colin Powell named Osama bin Laden as the prime suspect in the terror attacks on the U.S. on September 11, 2001. Limited commercial flights resumed in the U.S. for the first time in two days. In 2015, basketball player Moses Malone—who was a dominating center and the NBA’s premier offensive rebounder during the 1980s, leading the Philadelphia 76ers to a championship in 1983—died at age 60.
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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. | | |  | | SPONSORED BY: Principal | October 30, 2024 | | Rethinking Retirement: Participant Engagement Trends and Best Practices | | Dive into key participant behaviors and engagement trends that can reshape how we approach retirement planning. This presentation highlights the complexities participants face in understanding their eligibility and reveals misconceptions about their enrollment. We’ll explore targeted strategies to help boost participation rates and address certain generational gaps. In today’s saturated digital environment, participants are conditioned to ignore marketing-style emails.
Discover best practices in how to refine your messaging and break through the noise. Finally, we’ll explore why the “easy button” plan features haven’t been working. By evolving messaging to meet participants where they are paired with best practice plan design features, we aim to drive deeper engagement and better outcomes. |
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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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|  | | 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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| | | 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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No reproduction without prior authorization.
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