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PLANSPONSOR NEWSDASH LOGO April 20th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Benefits
2022 HSA Conference: HSA Education and Communication
2022 HSA Conference: HSA Education and Communication
Experts agree that the right health savings account education and communication strategy can deliver significant benefits to both employers and employees.
Ask the Experts
Receipt of a Power of Attorney for a Plan Participant
“We just received a request from our 403(b) plan recordkeeper for a Power of Attorney to be reviewed and approved by an authorized representative of the plan. It is for the daughter of one of our former employees, and the former employee does indeed have an account balance in the plan. Should we just review it for accuracy and approve it or have outside counsel for our retirement plan look at it?”
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
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,793,000, the Census Bureau announced. This is 0.3% above the revised February estimate of 1,788,000 and is 3.9% above the March 2021 rate of 1,725,000. Single‐family housing starts in March were at a rate of 1,200,000; this is 1.7% below the revised February figure of 1,221,000. The March rate for units in buildings with five units or more was 574,000.
Market Mirror
Tuesday, the Dow gained 499.51 points (1.45%) to close at 34,911.20, the Nasdaq was up 287.30 points (2.15%) to 13,619.66, and the S&P 500 increased 70.52 points (1.61%) to 4,462.21. The Russell 2000 climbed 40.63 points (2.04%) to 2,030.77, and the Wilshire 5000 gained 882.53 points (2.00%) to 44,969.13.

The price of the 10-year Treasury note decreased 29/32 bringing its yield up to 2.943%. The price of the 30-year Treasury note fell 1 1/32 increasing its yield to 3.007%.
Data and Research
Retirement Plan Participants Showed Resilience in Tough Times
Alight research into participants’ 401(k) activity in 2021 shows workers are still investing in the future. 
Products
George Washington University Partners with Edelman on Financial Wellness
The financial wellness program, Fast Track to Financial Health, is being deployed to nearly 30,000 employees at a Fortune 25 company.
SMALL TALK
ON THIS DATE: In 1775, American troops began the siege of British-held Boston. In 1809, Napoleon defeated Austria at Battle of Abensberg, Bavaria. In 1841, in Philadelphia, Edgar Allen Poe’s first detective story, “The Murders in the Rue Morgue,” was published. In 1879, the first horse drawn mobile home was used in a journey from London to Cyprus. In 1902, scientists Marie and Pierre Curie isolated the radioactive element radium. In 1912, Fenway Park opened as the home of the Boston Red Sox. In 1945, Soviet troops began their attack on Berlin. In 1984, Britain announced that its administration of Hong Kong would cease in 1997. In 1986, the Chicago Bulls’ Michael Jordan scored 63 points in an NBA playoff game against the Boston Celtics, to set a post-season scoring record. In 1999, two teenage gunmen killed 13 people in a mass shooting spree at Columbine High School in Littleton, Colorado, south of Denver. In 2008, Danica Patrick won the Indy Japan 300 at Twin Ring Motegi in Motegi, Japan, to become the first female winner in IndyCar racing history.
Industry Intel Roundup—Featured White Paper
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring white papers offering key insights and analysis about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
SPONSORED BY: MFS
Making the Most of US Credit As Policy Shifts
See why we feel active management is crucial for returns as central bank policy changes.
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