February 28th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Administration DB Plan Sponsors Can Adopt Strategies to Lower PBGC Premiums Despite progress by many pensions plan sponsors to reduce premiums through adopting best practices, several chronic over-payers persist. Investing Qualified Default Investment Alternatives QDIA rules, trends and analysis. Most Read Benefits Social Security Administration Cannot Calculate 2024 COLA if Government Shuts Down Data and Research Student Loan Repayments Expected to Derail Employees’ Retirement Savings Data and Research Defined Contribution Plans Climb for 4th Straight Quarter Economic Events Tomorrow, the Census Bureau will report about construction spending in January. Thursday, the Labor Department will issue its initial claims report, Freddie Mac will update average mortgage rates for the week, and the Census Bureau will report about factory orders for January. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for February. Market Mirror Friday, the Dow climbed 834.92 points (2.51%) to 34,058.75, the Nasdaq gained 221.04 points (1.64%) to finish at 13,694.62, and the S&P 500 closed 95.95 points (2.24%) higher at 4,384.65. The Russell 2000 added 44.92 points (2.25%) to close at 2,040.93, and the Wilshire 5000 climbed 959.38 points (2.22%) to 44,260.18. The yield for the 10-year Treasury note was 1.969%, and the yield for the 30-year Treasury bond was 2.283%. For the week ending February 25, the Dow fell 0.74%, the Nasdaq finished 0.16% lower, and the S&P 500 increased 0.10%. The Russell 2000 gained 0.63%, and the Wilshire 5000 was up 0.02%. Products Mutual of Omaha Extends Retirement Suite New product aims to expand accessibility for employers to provide retirement planning services Deals and People Retirement Industry People Moves Alerus names new senior retirement specialist; WTW appoints global head of credit, manager research; and NFP acquires AFS Advisors. Principal Completes Wells Fargo Custody Client Transitions With the integration completed, Principal Custody Solutions now serves nearly 3,000 institutional clients representing more than $1 trillion in assets. Small Talk ON THIS DATE: In 1827, the Baltimore & Ohio Railroad became the first railroad incorporated for commercial transportation of people and freight. In 1854, the Republican Party was organized in Ripon, Wisconsin. About 50 slavery opponents began the new political group. In 1861, the U.S. territory of Colorado was organized. In 1885, AT&T (American Telephone and Telegraph) was incorporated. The company was capitalized on only $100,000 and provided long distance service for American Bell. In 1953, Cambridge University scientists James D. Watson and Francis H.C. Crick announced that they had determined the double-helix structure of DNA, the molecule containing human genes. In 1979, Mr. Ed, the talking horse from the TV show “Mr. Ed”, died. In 1983, “M*A*S*H” became the most watched television program in history when the final episode aired. In 2002, it was announced that John Madden would be replacing Dennis Miller on “Monday Night Football.” Madden signed a four-year $20 million deal with ABC Sports. SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Has your company’s “return to office” been finalized?” I also asked, “How have the rules about working in the office versus remotely changed?” Ten percent of responding readers reported that the rules about working in the office versus working remotely have not changed for their companies from what they were before the pandemic, and the same percentage said their companies are continuing with full-time remote work. One-third of respondents said their firm now has a hybrid work environment where employees are required to work in the office some days and can work remotely other days. The remainder said they can now choose whether to work remotely full-time or in the office full-time or whether to adopt a hybrid schedule.Some readers who chose to leave comments explained the new rules for working remotely versus in the office for their companies, and some expressed how they felt about it. One reader mentioned what a “nightmare” the situation has been for recruiters, while another shared what their company has learned since employees have been working remotely. Editor’s Choice goes to the reader who said, “After being given at least 5 ‘return to work’ dates, they finally just waived the white flag and said they had no idea when we’d go back, but they’d give us 30-day notice when it happens.” A big thank you to all who participated in the survey! Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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