Plansponsor Logo
Insight on Plan Design & Investment Strategy Every Weekday
Financial Stress Increases the Need for Participant Communications
Financial Stress Increases the Need for Participant Communications
Knowledge of the challenges participants are facing creates opportunities for advisers to connect.
Retirement Gateway from Equitable Launches for Small Business
401(k) program seeks to serve small and startup plans by easing demands on plan administrators.
Most Read

2023 DC Survey Standouts
Understanding Investments and Fees: A Key Part of Plan Committee Education
TIAA In-Plan Retirement Income Option Reaches $30B
Employer costs for private industry workers averaged $27.44 per hour worked for wages and salaries and $11.47 for benefits in June 2022, according to the Bureau of Labor Statistics. Insurance costs were $2.96 per hour, accounting for 7.6% of total compensation costs.

Privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,575,000, the Census Bureau reported. This is 12.2% above the revised July estimate of 1,404,000, but is 0.1% below the August 2021 rate of 1,576,000. Single‐family housing starts in August were at a rate of 935,000; this is 3.4% above the revised July figure of 904,000. The August rate for units in buildings with five units or more was 621,000. 
Tuesday, the Dow lost 313.45 points (1.01%) to finish at 30,706.23, the Nasdaq closed 109.97 points (0.95%) lower at 11,425.05, and the S&P 500 decreased 43.96 points (1.13%) to 3,855.93. The Russell 2000 was down 25.34 points (1.40%) at 1,787.50, and the Wilshire 5000 fell 463.75 points (1.19%) to 38,558.48.

The price of the 10-year Treasury note was down 6/32, increasing its yield to 3.564%. The price of the 30-year Treasury bond fell 32/32, bringing its yield up to 3.572%.
Ask the Experts
What Qualifies as an ‘Immediate and Heavy Financial Need’ Under Hardship Withdrawal Rules?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Open Season
Adding DC plan options to your annual offerings could up plan engagement.
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.
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.
In 1780, during the American Revolution, American General Benedict Arnold met with British Major John Andre to discuss handing over West Point to the British, in return for the promise of a large sum of money and a high position in the British army. The plot was foiled and Arnold, a former American hero, became synonymous with the word “traitor.” In 1792, Revolutionary France, the Legislative Assembly voted to abolish the monarchy and establish the First Republic. In 1893, Frank Duryea took what is believed to be the first gasoline-powered automobile for a test drive. The “horseless carriage” was designed by Frank and Charles Duryea. In 1897, the New York Sun ran the “Yes, Virginia, there is a Santa Claus” editorial. It was in response to a letter from 8-year-old Virginia O’Hanlon. In 1937, J.R.R. Tolkien’s “The Hobbit” was first published. In 1966, the Soviet probe Zond 5 returned to Earth. The spacecraft completed the first unmanned round-trip flight to the moon. In 1970, “NFL Monday Night Football” made its debut on ABC-TV. The game was between the Cleveland Browns and the New York Jets. The Browns won 31-21. In 1973, Henry Kissinger was confirmed by the Senate to become 56th Secretary of State. He was the first naturalized citizen to hold the office of Secretary of State. In 1981, the Senate confirmed Sandra Day O’Connor to be the first female justice on the Supreme Court. In 1996, the board of all-male Virginia Military Institute voted to admit women. In 2008, the last game at historic Yankee Stadium—”The House That Babe Ruth Built”—was played. 
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.
February 28, 2024
Building a thriving workplace
February 15, 2024
20 Years of Managed Accounts: Looking Back and Looking Forward
February 8, 2024
“I Have to Pay for That, Too?” And More “Medicare” Surprise Costs
While working, employees are rarely in-the-know about health insurance pricing and coverage. Those in high-deductible health plans get a better idea that healthcare isn’t free. Or only $25. But nothing prepares them for the extraordinary complexity of costs once they get to Medicare. Once they get over the shock Medicare is not free, employees find themselves caught up in a tornado of confusion. The question they ask over and over is, “I have to pay for that, too?” Having “Medicare” is not a complete package for healthcare coverage in retirement. There are more than 20 different costs individuals must solve on their own. Employees find this frustrating and are angry they had no idea: “Why hasn’t anyone talked to me about this mess?” Join us for a lively webinar jam-packed with information about what it really costs your employees when they go on Medicare. And, take away some ideas for how you might help them better prepare for the realities of healthcare costs in retirement. And avoid getting sold something that won’t work for them.
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.
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.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon linkedin-in icon
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 400, Rockville, MD 20850