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PLANSPONSOR NEWSDASH LOGO April 7th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
PARTICIPANTS SPECIAL ISSUE | ROLLOVERS
Let It Grow
Let It Grow
All may have better outcomes if participants’ assets stay qualified.
Data and Research
Mega-Trends Have Emerged That Drive Growth in HSAs
Employee Benefit Research Institute and Fidelity data show that more account holders are investing their health savings accounts assets.
Most Read
Data and Research
Health Care in Retirement Will Cost an Average of $315,000
Deals and People
Retirement Industry People Moves
Data and Research
401(k) vs. 403(b): Different Paths to Retirement Readiness
Market Mirror
Wednesday, the Dow closed 144.67 points (0.42%) lower at 34,496.51, the Nasdaq lost 315.35 points (2.22%) to finish at 13,888.82, and the S&P 500 decreased 43.97 points (0.97%) to 4,481.15. The Russell 2000 was down 29.11 points (1.42%) at 2,016.94, and the Wilshire 5000 fell 538.63 points (1.18%) to 44,968.39.

The price of the 10-year Treasury note decreased 25/32, bringing its yield up to 2.597%. The price of the 30-year Treasury bond fell 29/32, increasing its yield to 2.614%.
Compliance
Wells Fargo Agrees to Settle Proprietary Funds Lawsuit
The settlement agreement includes a “significant monetary recovery,” the plaintiffs note in a memo in support of a motion for preliminary approval.
2022 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
Small Talk
ON THIS DATE: In 1798, the territory of Mississippi was organized. In 1927, the first long-distance TV transmission was sent from Washington, D.C., to New York City. The audience saw an image of Commerce Secretary Herbert Hoover. In 1933, Prohibition ended in the United States. In 1940, Booker T. Washington became the first Black person to be pictured on a U.S. postage stamp. In 1948, the musical “South Pacific” by Rogers and Hammerstein debuted on Broadway. In 1948, the United Nations’ World Health Organization began operations. In 1953, IBM unveiled the IBM 701 Electronic Data Processing Machine. It was IBM’s first commercially available scientific computer. In 1963, at the age of 23, Jack Nicklaus became the youngest golfer to win the Green Jacket at the Masters Tournament. In 1970, John Wayne won his first and only Oscar for his role in “True Grit.” In 2000, President Bill Clinton signed the Senior Citizens Freedom to Work Act of 2000. The bill reversed a Depression-era law and allows senior citizens to earn money without losing Social Security retirement benefits.
SURVEY SAYS: A Questis survey of 2,000 adults found that 56% believe talking about finances with others is considered “taboo.” Although most are not sure why money talk may be taboo (81%), people weighed in on the most controversial money-related topics to discuss: inquiring about their parents’ finances (51%), debt (45%) and wills (43%). While most respondents (76%) describe themselves as an “open book,” in reality, 63% of them shared that they would never discuss finances at the family dinner table. This week, I’d like to know, who do you share your finances with, and are there elements of your finances that you’re more guarded with than others? You can respond to this week’s survey by 6 p.m. Pacific time today.
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