Page 62 - DCAC November 2023 Files

Understanding and Navigating Volatile Markets

Provides an overview of the current economic climate and capital markets considerations. The
following topics are covered in this session:

• Brief Review of Investing Fundamentals
• Current Market Conditions and Economic Climate

o Equity and Fixed Income Markets
o Employment and Wages

o Inflation
o Monetary Policy

• Stock Market Downturns and Recoveries
o Impact on Stocks

o Recessions
• Volatility and Risk

o Past Performance
o Understanding Volatility

o Dangers of Market Timing
o Avoiding Common Mistakes

Lessons Learned from the Courtroom

Recent developments related to retirement plan fiduciary breach litigation, including recent
settlements, rulings from the courts and new filings. Innovest will share observations related to
our expert witness services and how fiduciaries avoided or could have avoided a fiduciary
breach. Additionally, we review some of the most common claims, along with developing trends
and the broadening scope of complaints.

Monetization of the Retirement Plan Participant

The defined contribution (DC) retirement plan is more than 40 years old. There have been many
material changes throughout its evolution, most of which have been beneficial to 401(a), 401(k),
403(b), and 457 plan participants. Several recent developments related to the DC plan industry
appear to be headed back to a practice that plan fiduciaries and their independent consultants
fought hard to escape – monetization of plan assets and participants and the added
risk/expense that comes with these tactics. This session will review these recent developments
within the retirement plan industry and suggested practices to avoid related unnecessary risk.

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