July 25th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Employers Are Focused on Remodeling Workplace Benefits Among large employers that responded to a Mercer survey, 11% offer free employee-only coverage in at least one medical plan option and another 11% are considering it. Data and Research Annuity Sales Spike in Second Quarter Fixed annuity products propelled growth for the period. Most Read Compliance Regulators Clarify Part-Time Eligibility Rules for ERISA 403(b) Plans Opinions Accumulating Differences: Why Personalization Matters More for Older Investors Products Apollo, Athene Working On Alts, Annuities in DC Investing ECONOMIC EVENTS Tuesday, the Conference Board will report the Consumer Confidence Index for July and the Census Bureau will report new home sales for June. Wednesday, the Census Bureau will report new orders for manufactured durable goods in June. Thursday, Freddie Mac will report average interest on 15-year and 30-year fixed-rate mortgages and the Department of Labor will report about claims for unemployment insurance. MARKET MIRROR Friday, the Dow slipped 137.61 points (0.43%) to close at 31,899.20, the Nasdaq dropped 225.50 points (1.87%) to 11,834.11 and the S&P 500 sagged 37.32 points (0.93%) to close at 3,961.63. The Russell 2000 lost 29.81 points (1.62%) to close at 1,806.88 and the Wilshire 5000 dropped 455.06 points (1.14%) to 39,472.58. The price of the 10-year Treasury note was unchanged, and the yield was lowered to 2.760%. The price of the 30-year Treasury bond increased 1 32/32, bringing its yield down to 2.977%. For the week ending July 22, the Dow decreased 1.95%, the Nasdaq fell 3.33% and the S&P 500 lost 2.56%. The Russell 2000 gained 3.58% and the Wilshire 5000 finished 2.79% higher. Compliance TriHealth Excessive Fee Ruling Partly Remanded by 6th Circuit The short appellate ruling notes that new precedents have overtaken some of the debates in the case. DEALS AND PEOPLE Retirement Industry People Moves Lincoln Financial Group names workplace solutions head; T. Rowe Price adds two senior executives to its institutional DC business; new attorney joins The Wagner Law Group; and more. SMALL TALK ON THIS DATE: In 1759, British forces defeated a French army at Fort Niagara in Canada. In 1814, near Niagara Falls, British troops commanded by General Phineas Riall thwarted an invasion of Canada by a U.S. force under General Jacob Brown in the Battle of Lundy’s Lane during the War of 1812. In 1868, Congress formed the Wyoming Territory. In 1898, during the Spanish-American War, U.S. forces launched their invasion of Puerto Rico. In 1909, French aviator Louis Bleriot flew across the English Channel in a monoplane. He traveled from Calais to Dover in 37 minutes and was the first man to fly across the channel. In 1978, Louise Brown, the first human conceived using in vitro fertilization, was born in England. In 1984, Soviet cosmonaut Svetlana Yevgenyevna Savitskaya became the first woman to walk in space. In 2000, a Concorde supersonic airplane crashed outside Paris, killing all 109 people on board and four others on the ground; the event may have hastened the end of all Concorde operations three years later. In 2007, Indian lawyer and politician Pratibha Patil was sworn in as president of India, becoming the first woman to hold the office. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850