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PLANSPONSOR NEWSDASH LOGO September 14th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Personalization Is Key to Creating a Paycheck in Retirement
Personalization Is Key to Creating a Paycheck in Retirement
Auto-features won’t work in the decumulation phase of defined contribution plans, says Shlomo Benartzi.
Data and Research
Focused Retirement Savers Are Not Dispirited by Inflation
A Principal survey of “super savers” shows that a majority have been saving more over the past two years than they did previously.
Most Read

2023 DC Survey Standouts
Administration
Understanding Investments and Fees: A Key Part of Plan Committee Education
Products
TIAA In-Plan Retirement Income Option Reaches $30B
ECONOMIC EVENTS
In August, the Consumer Price Index for All Urban Consumers increased 0.1%, seasonally adjusted, and rose 8.3% over the last 12 months, not seasonally adjusted, the Bureau of Labor Statistics reported. The index for all items less food and energy increased 0.6% in August, and was up 6.3% over the year.
MARKET MIRROR
Tuesday, the Dow was down 1,276.37 points (3.94%) to close at 31,104.97, the Nasdaq fell 632.84 points (5.16%) to end at 11,633.574 and the S&P 500 fell 177.73 points (4.32%) to close at 3,932.68. The Russell 2000 lost 74.51 points (3.91%) to end at 1,831.58 and the Wilshire 5000 dropped 435.24 points (1.07%) to finish at 41,146.44.

The price of the 10-year Treasury note decreased 5/32, bringing the yield up to 3.418%. The price of the 30-year Treasury bond increased 4/32, bringing the yield down to 3.493%. 
ASK THE EXPERTS
How Do You Determine Catch-Up Contributions in a 457(b) Plan?
“We are a public higher education institution that sponsors a 403(b) and a 457(b) plan. Last year, we hired an employee who is now 63 years of age. He was eligible to make deferrals to both of our plans last year, but only deferred to the 403(b) plan. This year, he wants to max out in both of our plans. We know he can contribute $27,000 to the 403(b), but what about the 457(b) plan? We do have the special three-year catch-up provision in our plan, and our normal retirement age is 65. Would he qualify for that?”
Compliance
DOL Recovers Millions for Wells Fargo Plan Participants
A settlement has been reached after an Employee Benefits Security Administration investigation.
EVENTS
What to Expect From a Retirement Plan Adviser
Join PLANSPONSOR and a panel of experts for a webinar on September 22 as they discuss what services advisers offer to retirement plans; how plan sponsors determine the role they want their advisers to play; and questions to ask when searching for a plan adviser. Panelists will also talk about the fiduciary roles advisers can take on for the plan and the relationship between advisers and plan providers.  
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.
SMALL TALK
ON THIS DATE: In 1752, Great Britain adopted the Gregorian calendar; the date was moved ahead 11 days, and the day after September 2 became September 14. In 1847, Mexico City was captured by U.S. forces under the command of General Winfield Scott. The advance on Mexico City was marked by an unbroken series of victories that culminated when he entered Mexico City and ended the military phase of the Mexican American War. In 1899, in New York City, Henry Bliss became the first automobile fatality. In 1901, President William McKinley died, eight days after being shot in Buffalo, New York. In 1940, the Selective Service Act was passed by the U.S. Congress, providing the nation’s first peacetime draft. In 1975, Pope Paul VI declared Mother Elizabeth Ann Bayley Seton the first U.S.-born saint. In 1994, acting commissioner of baseball Bud Selig announced that the remainder of the 1994 Major League Baseball season, including the World Series, would be canceled. Players and owners had failed to reach a settlement of the players’ strike begun in August. In 1999, millions of people evacuated their homes as Hurricane Floyd moved across the Atlantic Ocean. Over the next several days, deaths were recorded from the Bahamas to New England due to the powerful storm. In 2009, dancer and actor Patrick Swayze, perhaps best known for his performances in the box-office hits “Dirty Dancing” (1987) and “Ghost” (1990), died at age 57 of pancreatic cancer.
Industry Intel Roundup—Thought Leadership
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
SPONSORED BY: PLANSPONSOR
Keep up to date with PLANSPONSOR’s Industry Intelligence
Stay ahead of industry news and trends by checking this page regularly for the latest sponsored thought leadership.
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