April 3rd, 2023 Insight on Plan Design & Investment Strategy Every Weekday Benefits Where SECURE 2.0 Comes Up Short The 2022 law does far more for high earners than low earners, and many provisions may prove difficult to implement. Data and Research Employers Grossly Overestimate Employee Well-Being, Annual Study Shows Employees’ long-term job satisfaction has trended downward as the gap between employee and employer perception of well-being yawns wider, MetLife found. Most Read Benefits Social Security’s New Anti-Fraud Measures Begin Amid Mixed Messages from Agency Deals and People Financial Finesse Appoints New President Opinions Don’t Forget Decumulation: 3 Key Pillars for an Effective Retirement Income Solution ECONOMIC EVENTS Monday, the Census Bureau will report construction spending for February. Tuesday, the Census Bureau will report factory orders for February. Thursday, the Department of Labor will issue its initial jobless claims report and Freddie Mac will update average mortgage rates for the week. Friday, the Bureau of Labor Statistics will report the unemployment rate for March.  MARKET MIRROR Friday, the Dow gained 415.12 points (1.26%) to close at 33,274.15, the Nasdaq gained 208.44 points (1.74%) to close at 12,221.91 and the S&P 500 increased 58.48 points (1.44%) to close at 4,109.31. The Russell 2000 gained 34.10 points (1.93%) to close at 1,802.48 and the Wilshire 5000 increased 621.46 points (1.55%) to close at 40,708.41. The price of the 10-year Treasury note increased 29/32, bringing the yield to 3.471%. The price of the 30-year Treasury bond increased 1 27/32, bringing the yield to 3.653%. For the week ending March 31, the Dow gained 3.22%, the Nasdaq increased 3.37% and the S&P 500 increased 3.48%. The Russell 2000 gained 3.89% and the Wilshire 5000 finished 3.69% higher. Benefits Social Security’s OASI Trust Fund Projected to Fall Short By 2033 The reserves for Social Security’s largest trust fund are expected to become depleted one year earlier than previously projected, the Board of Trustees announced Friday.   DEALS AND PEOPLE Retirement Industry People Moves Lockton appoints Bolander as SVP of regional operations; Sullo joins Earth Finance climate investing practice; Dechert announces McGrath as partner; and more. SMALL TALK ON THIS DATE: In 1865, the Confederate capital of Richmond, Virginia was captured and fell to the Union army during the Civil War. In 1922, Joseph Stalin became secretary-general of the Communist Party of the Soviet Union, a position that provided the power base for his dictatorship. In 1948, President Harry S. Truman signed into law George C. Marshall’s post-World War II plan to revive the economies of western and southern European countries to foster democracy in the region. In 1961, comedian and actor Eddie Murphy was born in Brooklyn, New York. In 1968, at an event for the Memphis sanitation workers strike, civil rights activist Martin Luther King, Jr., delivered his Mountaintop Speech; the following day he was assassinated. In 1973, the first handheld mobile telephone call was made by an employee of Motorola, who called AT&T’s Bell Laboratories. In 1996, federal agents in Montana apprehended Ted Kaczynski, a domestic terrorist known as the “Unabomber,” who had killed three people and injured more than 20 with explosives sent through the postal system. In 1998, the Dow Jones industrial average climbed above 9,000 for the first time. In 2000, the Nasdaq set a one-day record when it lost 349.15 points to close at 4,233.68. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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