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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 Webcasts | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts 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. |  | | Employer Health Benefits: Blueprints for supporting mental health, financial security, and workforce diversity | | Much more than ever is being asked of employers in terms of the workplace benefits they offer—including health benefits. Fidelity Health’s Employer Health Benefits Blueprint collection draws on the latest research and thinking to uncover ways employers can help employees stay healthy and productive while controlling costs. This webcast will uncover strategies for improving mental health access, packaging health benefits to meet the needs of a more diverse workforce, and helping employees prepare for health costs in retirement.
Learning goals:
• Better understand the diversity of mental health needs and learn what mental health professionals think about employer health benefits.
• Recognize the value of benefit combinations that foster whole person well-being and diversity equity and inclusion.
• Develop a new tool for recruitment by providing planning guidance for employees to make a soft landing into retirement. |
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|  | | Market Volatility and Plan Sponsor Considerations | | Discussions re: 1. Market Volatility; Policies and Procedures intended to mitigate volatility, what to expect in terms market volatility. 2. Outsourcing your Plan's Investment Management (OCIO) functions; What are the benefits of doing so, how to evaluate whether OCIO would benefit your plan, how to engage an RFP for OCIO managers; 3. The RFP Process for Retirement Plan Services |
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