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Insight on Plan Design & Investment Strategy Every Weekday
In the Future, the Bias Will Likely Be for Annuities
In the Future, the Bias Will Likely Be for Annuities
For now, sources say there needs to be more education and a change of thought to help 401(k) plan sponsors and participants accept the income-generation value of annuities.
Voya Enhances myHealthMoney Digital Assistant
The tool now includes personalized recommendations for health benefit decisions.
Most Read
Participants Will Need Support to Understand Lifetime Income Projections
Data and Research
DB Plans Retain Cost Advantage Over DC Plans
Milliman Accused of Failing to Prune Bad Investments From 401(k)
Economic Events
New orders for manufactured durable goods in February decreased $2.9 billion or 1.1% to $254.0 billion, the U.S. Census Bureau announced. This decrease, down following nine consecutive monthly increases, followed a 3.5% January increase. Excluding transportation, new orders decreased 0.9%. Excluding defense, new orders decreased 0.7%. Transportation, down following five consecutive monthly increases, led the decrease, $1.3 billion or 1.6% to $83.6 billion.
Market Mirror
Yesterday, the Dow climbed 373.98 points (1.13%) to 33,527.19, the Nasdaq gained 225.49 points (1.67%) to finish at 13,705.59, and the S&P 500 increased 58.04 points (1.44%) to 4,077.91. The Russell 2000 closed 69.09 points (3.15%) higher at 2,264.89, and the Wilshire 5000 rose 524.66 points (1.24%) to 42,805.63.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.707%. The price of the 30-year Treasury bond was unchanged, with its yield down to 2.358%.
Wesco Distribution Faces Lawsuit Over Retirement Plan Services Fees
Among other things, the plaintiffs contend that prudent fiduciaries monitor and limit revenue sharing and make sure excessive indirect compensation is rebated to plan participants.
Judge Finds ERISA Claims Sufficient Against Coca-Cola Bottler
The case, which challenges the use of an actively managed TDF suite rather than its index version, will move forward.
Small Talk
ON THIS DATE: In 1917, the United States officially entered World War I. In 1841, John Tyler was sworn in as the 10th president after William Harrison died one month after taking office. In 1896, the Olympic Games, a long-lost tradition of ancient Greece, were reborn in Athens 1,500 years after being banned by Roman Emperor Theodosius I. In 1927, William P. MacCracken, Jr. earned license number ‘1’ when the Department of Commerce issued the first aviator’s license. In 1965, President Lyndon B. Johnson authorized the use of ground troops in combat operations in Vietnam. In 1987, Sugar Ray Leonard took boxing’s middleweight title from Marvin Hagler. In 1998, Citicorp and Travelers Group announced that they would be merging. The new creation was the largest financial-services conglomerate in the world. The name would become Citigroup.
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