Plansponsor Logo
Insight on Plan Design & Investment Strategy Every Weekday
Hughes v. Northwestern Ruling
Hughes v. Northwestern Ruling
Attorneys offer mixed opinions on how the decision will affect excessive fee litigation.
The Importance of Offering Health Benefits to Employees
Health plans and voluntary benefits can contribute to employees’ overall financial wellness.
Most Read
How Plan Sponsors Can Shift Focus to Decumulation
Robust Retirement Tiers Can Help Keep Participants In-Plan

Interest Grows Among Employers in Retaining Retiree Assets In-Plan
Economic Events
Construction spending during February was estimated at a seasonally adjusted annual rate of $1,704.4 billion, 0.5% above the revised January estimate of $1,695.5 billion, the Census Bureau announced. The February figure is 11.2% above the February 2021 estimate of $1,533.3 billion. During the first two months of this year, construction spending amounted to $237.8 billion, 10.4% above the $215.4 billion for the same period in 2021.

Total nonfarm payroll employment rose by 431,000 in March, and the unemployment rate declined to 3.6%, according to the Bureau of Labor Statistics. Notable job gains continued in leisure and hospitality, professional and business services, retail trade, and manufacturing.

Today, the Census Bureau will report about factory orders for February. Thursday, the Labor Department will issue its initial claims report, and Freddie Mac will update average mortgage rates for the week. Friday, the Census Bureau will report about wholesale trade for February.
Market Mirror
Friday, the Dow gained 139.92 points (0.40%) to finish at 34,818.27, the Nasdaq closed 40.98 points (0.29%) higher at 14,261.50, and the S&P 500 was up 15.45 points (0.34%) at 4,545.86. The Russell 2000 increased 20.99 points (1.01%) to 2,091.11, and the Wilshire 5000 climbed 197.11 points (0.43%) to 45,803.78.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 2.379%. The price of the 30-year Treasury bond increased 27/32, bringing its yield down to 2.431%.

For the week ending April 1, the Dow was down 0.12%, the Nasdaq climbed 0.65%, and the S&P 500 increased 0.06%. The Russell 2000 gained 0.63%, and the Wilshire 5000 finished 0.24% higher.
2022 HSA Conference
Our HSA Conference is designed to educate plan sponsors that currently offer, or are considering offering, these accounts. Through various panel discussions and presentations, employers will see how best to offer this benefit. Topics to be discussed include: How HSAs operate; best practices in HSA provider selection and ongoing administration; how to boost employees’ knowledge, and use, of their benefit; and more. We understand how busy you are, so we are offering our four information-packed sessions over a two-day period, giving you the flexibility to manage your work along with this educational experience. Register today!
Amended Complaint Clears Dismissal in PNC ERISA Lawsuit
A new order in a long-running ERISA lawsuit tosses out certain claims related to alleged breaches of the ERISA fiduciary duty of loyalty, but it otherwise denies the defendants’ motion to dismiss.
Deals and People
Retirement Industry People Moves
Pentegra hires vice president of trust services; Multnomah Group expands team and client service capabilities; AIG announces rebrand of life and retirement business; and more.
Small Talk
ON THIS DATE: In 1841, President William Henry Harrison, at the age of 68, became the first president to die while in office. He had been sworn in only a month before he died of pneumonia. In 1887, Susanna M. Salter became mayor of Argonia, Kansas, making her the first woman mayor in the U.S. In 1902, British Financier Cecil Rhodes left $10 million in his will that would provide scholarships for Americans to Oxford University in England. In 1917, the Senate voted 90-6 to enter World War I. In 1932, after five years of research, professor C.G. King, of the University of Pittsburgh, isolated vitamin C. In 1949, twelve nations signed a treaty to create The North Atlantic Treaty Organization (NATO). In 1968, Martin Luther King Jr. was fatally shot while standing on the balcony outside his second-story room at the Lorraine Motel in Memphis, Tennessee. In 1969, Dr. Denton Cooley implanted the first temporary artificial heart. In 1973, the original World Trade Center twin towers opened in New York City. At the time they were the tallest buildings in the world. In 1974, Hank Aaron tied Babe Ruth’s major league baseball home-run record with 714. In 1981, Henry Cisneros became the first Mexican-American elected mayor of a major U.S. city, which was San Antonio, Texas.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2023 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850