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Wednesday, August 03, 2022
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PANC 2022
The Destination for Retirement Plan Innovators
When bad behaviors happen to good participants, it is usually because of timing, uncertainty or attention biases that cloud sound decision-making. During one of many innovative sessions, we will share practical strategies in plan design and participant education from the world of behavioral finance.
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Booz Allen Hamilton, Others Face Passive TDF Performance Lawsuits
Unlike many other ERISA lawsuits, the complaints suggest the plan fiduciaries in question should have considered more expensive target-date funds that might have performed better.
Today’s Most Read
1. SageView Names New CFO, Adds Chief Growth Officer
2. 4 Bipartisan Bills Would Restrict Investment in China
3. Millennials, Gen Z Triple Financial Wealth Since 2019
IRS Life Expectancy Tables Updated for Retirees
The actuarial update is important for plan sponsor clients to note, but the effect to regular business is likely limited, as the individuals most affected are likely no longer employed by the plan sponsor.
Emergency Savings Preparedness and Perceptions
According to EBRI, workers with household incomes of $75,000 or more are more than twice as likely to say they feel they can handle an emergency expense than those with household incomes of less than $35,000.
Senators Raise Concerns About Bitcoin in Retirement Plans
Several U.S. Senators have sent a letter requesting answers from Fidelity on their decision to allow plan sponsors to offer participants exposure to bitcoin.
Market Mirror Market Mirror Graph

Tuesday, the Dow fell 402.23 points (1.23%) to close at 32,396.17, the Nasdaq fell 20.22 points (0.16%) to 12,348.76 and the S&P 500 slipped 27.44 points (0.67%) to close at 4,091.19. The Russell 2000 was down 0.86 points (0.05%) to 1,882.45 and the Wilshire 5000 fell 207.17 points (0.50%) to close at 40,826.90.

The price of the 10-year Treasury note dropped 1 6/32 bringing its yield up to 2.753%. The price of the 30-year Treasury bond decreased 1 31/32 brining its yield up to 3.014%.

Industry Intel Roundup Featured Webinars
PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by or featuring experts in the industry. The content was created to supply actionable insights to retirement plan advisers regarding client service and practice management.
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