April 5th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Administration Revenue Sharing Is Not Necessarily a Bad Thing Revenue sharing has gotten a bad rap in lawsuits, but in some cases, selecting funds with revenue sharing could be a better option for retirement plan participants. Products Capital Group Announces New Target-Date Fund Service The service, powered by Morningstar Investment Management, will provide personalized investment advice to retirement plan participants through its user interfaces and network of integrated recordkeepers. Most Read Participants Is the UAW’s Demand for Return of Pensions a Realistic Ask? Deals and People Voya Keeps Building Government Markets Team With Rehire Data and Research Unplanned Financial Challenges Continue to Plague US Workers’ Retirement Savings Economic Events New orders for manufactured durable goods in February decreased $6.0 billion or 2.2% to $271.5 billion, the U.S. Census Bureau announced. This decrease, down following four consecutive monthly increases, followed a 1.6% January increase. Excluding transportation, new orders decreased 0.6%. Excluding defense, new orders decreased 2.7%. Transportation equipment, down following three consecutive monthly increases, led the decrease, $4.9 billion or 5.6% to $82.6 billion. Market Mirror Yesterday, the Dow increased 103.61 points (0.30%) to 34,921.88, the Nasdaq climbed 271.05 points (1.90%) to 14,532.55, and the S&P 500 closed 36.78 points (0.81%) higher at 4,582.64. The Russell 2000 was up 4.33 points (0.21%) at 2,095.44, and the Wilshire 5000 gained 405.97 points (0.89%) to finish at 46,209.68. The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.415%. The price of the 30-year Treasury bond decreased 29/32, bringing its yield up to 2.470%. Compliance Court Dismisses One Lawsuit Against ADP Multiple Employer Plan A court found a participating employer was not a fiduciary with respect to alleged actions in the lawsuit, and therefore was not under threat of being sued for those actions. Proposed RMD Rules for 403(b)s Could Mean Big Changes A change to how required minimum distributions are taken from 403(b) contracts might call for changing recordkeeping systems and dusting off information sharing agreements. Small Talk ON THIS DATE: In 1869, Daniel Bakeman, the last surviving soldier of the U.S. Revolutionary War, died at the age of 109. In 1933, President Franklin D. Roosevelt established the Civilian Conservation Corps, or CCC, an innovative federally funded organization that put tens of thousands of Americans to work during the Great Depression. In 1984, Kareem Abdul-Jabbar (Los Angeles Lakers) became the all-time NBA regular season scoring leader when he broke Wilt Chamberlain’s record of 31,419 career points. In 1994, grunge rock icon Kurt Cobain died by suicide. TUESDAY TRIVIA: Backyard weeds can bring on the sniffles, sneezes and a general bad feeling. Some of those same weeds can be good for you. Which weeds are healthy? Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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