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Taking Steps to Expand Retirement Plan Access
Taking Steps to Expand Retirement Plan Access
Between state-run plans, PEPs and moves to enhance SIMPLE plans, different entities are tackling the same problem in different ways.
Data and Research
Higher Education Plan Sponsors Seeing More Demand for Participant Investment Help
Plan sponsors can respond by simplifying fund menus and providing access to professional help; many are already using managed accounts.
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
ESOP Participants Benefit From Higher Retirement Savings
Economic Events
Existing-home sales fell in March, marking two consecutive months of declines, according to the National Association of Realtors. The month of March saw record-high home prices and gains. While each of the four major U.S. regions experienced month-over-month drops, all four areas welcomed year-over-year gains in home sales. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 3.7% from February to a seasonally-adjusted annual rate of 6.01 million in March. Sales overall climbed year-over-year, up 12.3% from a year ago (5.35 million in March 2020).

Sales of new single-family houses in March were at a seasonally adjusted annual rate of 1,021,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 20.7% above the revised February rate of 846,000 and is 66.8% above the March 2020 estimate of 612,000.

Today, the Census Bureau will report about durable goods orders for March. Tomorrow, the Conference Board will release its Consumer Confidence Index for April. Thursday, the Labor Department will issue its initial claims report.
Market Mirror
Friday, the Dow was up 227.59 points (0.67%) at 34,043.49, the Nasdaq gained 198.40 points (1.44%) to finish at 14,016.81, and the S&P 500 increased 45.19 points (1.09%) to 4,180.17. The Russell 2000 climbed 39.24 points (1.76%) to 2,271.86, and the Wilshire 5000 closed 533.04 points (1.23%) higher at 43,875.27.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.560%. The price of the 30-year Treasury bond decreased 2/32, bringing its yield up to 2.237%.

For the week ending April 23, the Dow lost 0.46%, the Nasdaq finished 0.25% lower, and the S&P 500 decreased 0.13%. The Russell 2000 gained 0.41%, and the Wilshire 5000 was down 0.03%.
Congressman Again Pushes for Expanding Investment Options in 403(b)s
A lack of access to the same investment types allowed in other DC plans means 403(b) plan participants are missing out on increased retirement savings, industry sources say.
How to Evaluate Stable Value Funds
Speakers during a Broadridge webinar discussed steps to evaluate the instruments, as well as what elements plan sponsors should consider.
Deals and People
Retirement Industry People Moves
SVP joins Mesirow Private Equity; head of Vanguard Fixed Income Group to retire; and 37 Capital COO joins PGIM.
Small Talk
ON THIS DATE: In 1514, Copernicus made his first observations of Saturn. In 1865, Joseph E. Johnston surrendered the Army of Tennessee to Sherman during the American Civil War. In 1865, John Wilkes Booth was killed by the U.S. Federal Cavalry. In 1954, the Salk polio vaccine field trials, involving 1.8 million children, began at the Franklin Sherman Elementary School in McLean, Virginia. In 1964, the Boston Celtics won their sixth consecutive NBA title. They won two more before the streak came to an end. In 1968, students seized the administration building at Ohio State University. In 1986, the world’s worst nuclear power plant accident occurs at the Chernobyl nuclear power station in the Soviet Union.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “How many apps do you have downloaded on your Smartphone, and what are your top three favorites?” Nearly two-thirds (65.2%) of responding readers said they have more than 20 apps downloaded on their Smartphones, while 17.4% have 11 to 20, 13% have zero to five and 4.3% have five to 10. News and social media apps were popular with readers. Kindle was also popular. However, there were several readers who listed entertainment apps. A few readers commented that apps help them save time or stay organized, while others said they have too many. One reader said, “I’ve found that as long as I stay away from games, my phone is a tool and not addicting.” Editor’s Choice goes to the reader who said: “Words with Friends used to save me from long, boring conference calls, but Zoom meetings have ruined that!” Thanks to everyone who participated in the survey!
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