PLANADVISERdash – July 6, 2022

Weekday news and analysis for retirement plan advisers

Wednesday, July 06, 2022

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2022 PLANADVISER DCIO Survey

The ongoing wave of consolidation has fundamentally altered the industry landscape.

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A Capitol Hill Update With SSGA’s Melissa Kahn

The leader of State Street Global Advisors’ public policy work says there is significant momentum building in Congress behind another ambitious package of retirement reforms.

Today’s Most Read

1.	Lawsuit Filed Against TIAA Alleging Mismanagement of Employee Retirement Funds
2.	Survey Finds Participants Want Retirement Plans to Support Guaranteed Income
3.	Bill Allowing CITs in 403(b) Plans Advances in House

The Biggest Risks Americans Face in Retirement

A new Center for Retirement Research analysis identifies five major retirement risks, with the top three being longevity, market and health risks.

Pension Plans Among ESG’s Biggest Proponents

Major pension funds see sustainable investing as a fundamental element of investing rather than a potential drag on performance, according to a new Morningstar survey.

Strategies for Reining In Health Care Costs in Early Retirement

Health savings accounts and direct primary care can help keep medical bills from spiraling out of control.

Market Mirror

Tuesday, the Dow slipped 129.44 points (0.42%) to 30,967.82 , the Nasdaq increased 194.39 points (1.75%) to 11,322.24 and the S&P 500 gained 6.06 points (0.16%) to close at 3,831.39. The Russell 2000 climbed 13.57 points (0.79%) to 1,741.33 and the Wilshire 5000 extended 170.11 points (0.45%) to 38,167.88.

The price of the 10-year Treasury note increased 27/32 lowering its yield down to 2.831%. The price of the 30-year Treasury bond increased 30/32 lowering its yield down to 3.074%.

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.

Sponsored by Commonwealth | June 10, 2025

The 4-1-1(k): A SECURE 2.0 Provision’s “Grand” Impact on Emergency and Retirement Savings

How big of a difference can $1K make? For retirement plan engagement, the answer could depend on how well RPAs and recordkeepers understand and communicate the relationship between short-term and long-term savings to plan sponsors and their benefit-eligible employees. Under the SECURE 2.0 Act, employees can withdraw up to $1,000 once a year from their traditional 401(k) retirement accounts for self-identified emergencies, without paying the 10% early withdrawal tax. Research and thought leadership from Commonwealth, BlackRock’s Emergency Savings Initiative, Compass Financial Partners, a Marsh & McLennan Agency LLC Company, and Voya Financial sheds light on the wide-ranging needs of employees in a geographically diverse workforce, and how a suite of emergency savings and liquidity options can best serve workers, and where the new provision fits into those options. This webinar will: ● Dive into the impacts of SECURE 2.0’s $1K withdrawal provision on retirement plan engagement ● Share the RPA and recordkeeper's points of view on the implementation and impact of emergency savings benefits ● Provide tangible action steps for attendees to consider adopting a proactive provision promotion approach for their teams All views and opinions expressed by panelists are their own and are not intended to be those of sponsoring or partner organizations.