Join Joe Gordon for a brief update update on the #markets and retirement plan #investing as of 10/17/22….(read more)

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Retirement Plan Market Update – 10.17.22

As the world continues to face the challenges of COVID-19, the retirement plan market has been affected in various ways. This update discusses major developments in the retirement plan market as of 10/17/22.

Recent Developments

One major development in the retirement plan market is the increasing focus on sustainability and environmental, social, and governance (ESG) factors. Plan sponsors are increasingly incorporating ESG investment options in their plans. According to a recent survey, 74% of plan sponsors believe that ESG investment options will become standard offerings in the future.

Another significant trend in the retirement plan market is the digitalization of plan services. The pandemic has accelerated the adoption of digital tools, and plan sponsors are increasingly using online platforms for plan administration, communication, and financial planning services. This digitalization trend is expected to continue in the future.

Market Performance

The retirement plan market has shown resilience despite COVID-19 challenges. Most major indices like the S&P 500, NASDAQ, and Dow Jones Industrial Average have shown strong performance over the year. The rapid economic recovery following the pandemic and the accommodative monetary policies contributed to this positive trend.

Investment Options

With the expected rise in interest rates in the near future, fixed-income investments such as bonds are becoming less attractive to investors. In the retirement plan market, alternative investments like private equity, real estate, and infrastructure are gaining popularity among plan sponsors and investors. These alternative investments are typically associated with higher returns, but they also carry higher risks.

In Conclusion

The retirement plan market has shown adaptability and resilience during the pandemic. Plan sponsors and investors are increasingly adopting sustainable investing practices and relying on digital tools for plan management. The market has shown strong performance in most major indices, and alternative investments are gaining popularity. As always, it is important for plan sponsors and investors to stay up-to-date on the latest trends and developments in the retirement plan market.