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PLANSPONSOR NEWSDASH LOGO April 14th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
PARTICIPANTS SPECIAL ISSUE | EDUCATION
Virtual Lessons Learned
Virtual Lessons Learned
The success of online meetings surprises sponsors and advisers alike.
Products
Lifestyle Spending Account Benefit Program Announced by Bank of America
The employer-funded account will assist employees with eligible physical, emotional and financial wellness expenses.
Most Read
Data and Research
Health Care in Retirement Will Cost an Average of $315,000
Deals and People
Retirement Industry People Moves
Data and Research
401(k) vs. 403(b): Different Paths to Retirement Readiness
ECONOMIC EVENTS
The Producer Price Index for final demand increased 1.4% in March, the Bureau of Labor Statistics reported. Prices for final demand goods advanced 2.3%, and the index for final demand services rose 0.9%. Final demand prices moved up 11.2% for the 12 months ended in March.
MARKET MIRROR
Wednesday, the Dow gained 344.23 points (1.01%) to finish at 34,564.59, the Nasdaq closed 272.02 points (2.03%) higher at 13,643.59, and the S&P 500 increased 49.14 points (1.12%) to 4,446.59. The Russell 2000 added 38.17 points (1.92%) to close at 2,025.10, and the Wilshire 5000 climbed 607.73 points (1.38%) to 44,732.53.

The prices of the 10-year Treasury note and 30-year Treasury bond were each up 2/32, decreasing their yields to 2.700% and 2.806%, respectively.
Compliance
Excessive Fee Retirement Plan Lawsuit Will Continue
A court has denied plan sponsor VCA’s motion to dismiss breach of fiduciary duty allegations.  
Opinions
Real Estate in DC Plans: Key Considerations
Lew Minsky, with DCIIA, reviews questions defined contribution plan sponsors should ask when considering real estate investments for their plans.
SMALL TALK
ON THIS DATE: In 1775, the first abolitionist society in the U.S. was organized in Philadelphia with Ben Franklin as president. In 1828, the first edition of Noah Webster’s dictionary was published under the name “American Dictionary of the English Language.” In 1865, President Abraham Lincoln was assassinated in Ford’s Theater by John Wilkes Booth. In 1902, James Cash (J.C.) Penney opened his first retail store in Kemmerer, Wyoming. In 1910, President William Howard Taft was the first president to throw out the ceremonial first pitch at a Major League Baseball game. In 1912, the Atlantic passenger liner Titanic struck an iceberg on its maiden voyage. In 1925, WGN was the first radio station to broadcast a regular season Major League Baseball game. In 1932, country-western music artist Loretta Lynn was born in Butcher Hollow. Kentucky. In 1969, Katharine Hepburn and Barbra Streisand tied for Best Actress Oscar. In 1996, third-round leader Greg Norman lost a six-shot lead in the final round of the Masters golf tournament and finished second. In 2008, Delta Air Lines and Northwest Airlines announced they were combining.
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