April 28th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Data and Research The Growing Interest in Guaranteed Income Options As employers begin to question the effectiveness of target-date funds as a retirement spending vehicle, interest in guaranteed lifetime income has grown. Benefits Plan Sponsor Considerations for Joining a Pooled Employer Plan Plan design and provider services are some things employers that are considering moving to a PEP should examine. Most Read Deals and People LPL Terminates CEO Dan Arnold Administration IRS Provides Tax Relief for Those Impacted by Hurricane Helene Benefits Implementing Retirement Income Strategies MARKET MIRROR Wednesday, the Dow was up 61.75 points (0.19%) to close at 33,301.93, the Nasdaq fell 1.81 points (0.01%) to 12,488.93, and the S&P 500 increased 8.76 points (0.21%) to close at 4,183.96. The Russell 2000 was down 6.44 points (0.34%) to 1,884.04, and the Wilshire 5000 increased 40.02 points (0.10%) to 41,857.39. The price of the 10-year Treasury note decreased 30/32 increasing its yield to 2.831%. The price of the 30-year Treasury bond was down 1 28/32 bringing its yield up to 2.916% Administration More Companies Dive Into Pooled Employer Plans Lower fees, reduced risk and less work are making PEPs increasingly popular among employers. ABCs of RFPs for PEPs Questions to ask when selecting a pooled employer plan provider. SMALL TALK ON THIS DATE: In 1686, the first volume of Isaac Newton’s “Principia Mathamatic” was published. In 1788, Maryland became the seventh state to ratify the U.S. constitution. In 1910, in England, Claude Grahame-White took to the skies in the first nighttime airplane flight. In 1914, W.H. Carrier patented the design of his air conditioner. In 1916, Ferruccio Lamborghini, the founder of the company that bears his name and is known for stylish, high-performance cars, was born in Italy. In 1967, boxing champion Muhammad Ali refused to be inducted into the U.S. Army and was immediately stripped of his heavyweight title. In 1985, the largest sandcastle in the world, four stories tall, was completed near St. Petersburg, Florida. In 2008, India set a world record when 10 satellites were launched into orbit. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850