September 29th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Workers Delaying Retirement Has Doubled Since Last Year For employers, the recent upward trend in delayed retirement is causing complications, according to a new report from Nationwide Retirement Institute.   Compliance What Would a Government Shutdown Mean for the DOL? The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of funding other than annual Congressional appropriations. Most Read Compliance IRS Reminds Plan Sponsors of Plan Amendment Deadlines Investing Morningstar to Change Medalist Rating Methodology for Managed Investments Compliance Express Scripts Sues FTC for ‘Defamatory’ Report MARKET MIRROR Wednesday, the Dow increased 548.75 points (1.88%) to end trading at 29,683.74, the Nasdaq gained 222.13 points (2.05%) to reach 11,051.636 and the S&P 500 was up 71.75 (1.97%) to close at 3,719.04. The Russell 2000 gained 52.73 points (3.17%) to close at 1,715.24 and the Wilshire 5000 increased 810.42 points (2.23%) to close at 37,165.21. The price of the 10-year Treasury note increased 1 7/32 bringing the yield down to 3.731%. The price of the 30-year Treasury bond increased 2 3/32 bringing the yield down to 3.687%. Data and Research Nearly Half of Participants Are Saving Less Than 10% of Income for Retirement A new report says recession fears are likely driving interest in lifetime income options for workers. EVENTS Your HSA Questions Answered Join PLANSPONSOR and industry experts for a webinar October 13 during which you will increase your understanding of health savings accounts by comparing features to those of defined contribution plans, learn how to position HSAs on your menu of benefits, and hear tips for increasing employee engagement with HSAs. Register today. 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 1789, A regular army was established by the U.S. War Department with several hundred men. In 1907, the singing cowboy, Gene Autry, was born in Texas. In 1957, the New York Giants of Major League Baseball played their last game in New York City, at the Polo Grounds, in upper Manhattan, before the team was relocated to San Francisco the next year. In 1962, President John F. Kennedy nationalized the Mississippi National guard in response to city officials defying federal court orders to racially integrate schools. The orders had been to enroll James Meredith, a black student, at the University of Mississippi. In 1988, Stacy Allison became first American woman to reach the summit of Mt. Everest. In 2008, after Congress failed to pass a $700 billion bank bailout plan, the Dow Jones Industrial Average fell 777.68 points—at the time, the largest single-day point loss in its history. 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