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June 1st, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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Data and Research
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The Changing Path of Retirement
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The path to retirement no longer resembles that of older generations; a new study examines what has changed. 
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| ECONOMIC EVENTS |
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The Conference Board Consumer Confidence Index decreased slightly in May, following a small increase in April. The Index now stands at 106.4 (1985=100), down from 108.6 in April. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—declined to 149.6 from 152.9 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—declined to 77.5 from 79.0.
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| MARKET MIRROR |
Monday, the Dow fell 222.84 points (0.67%) to 32,990.12, the Nasdaq lost 49.74 points (0.41%) to close at 12,081.39, and the S&P 500 was down 26.09 points (0.63%) to 41,32.15. The Russell 2000 decreased 23.85 points (1.26%) to 1,864.04, and the Wilshire 5000 was down 305.87 points (0.74%) to 41,085.39.
The price of the 10-year Treasury note was virtually unchanged with its yield increasing to 2.863%. The price of the 30-year Treasury bond decreased 1 30/32 bringing its yield up to 3.065%.
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ON THIS DATE: In 1774, the British government ordered the Port of Boston closed. In 1792, Kentucky became the 15th state of the U.S. In 1892, the General Electric Company began operations after the merger of Edison General Electric and the Thomson-Houston Electric companies. In 1938, baseball helmets were worn by Major League Baseball players for the first time. In 1967, the Beatles released “Sgt. Pepper’s Lonely Hearts Club Band” In 1980, the Cable News Network, the world’s first 24-hour television news network, debuted. In 2008, the Phoenix Mars Lander became the first NASA spacecraft to scoop Martian soil.
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| Industry Intel Roundup—Featured Webinars | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. |  | | September 19, 2024 | | Financial Wellness | | Plan sponsors, advisers and policy experts will offer suggestions for how best to define and measure the financial wellness of participants and drive financial confidence. The panel will also review how they evaluate the myriad new offerings appearing as a result of the voluntary benefits provisions of SECURE 2.0. Attendees will come away with tangible metrics for determining which programs will offer the most useful and valuable programs for their employees. |
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| | | | | December 12, 2024 | | Plan Benchmarking | | How do plan sponsors determine the right goals for their plans or measure plan success? What tools are available to benchmark retirement plans? What should plans be measuring and how often? What kinds of actions or improvements can measurements drive? These questions and more will be answered in PLANSPONSOR’s final editorial webinar of 2024. |
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