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June 2nd, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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2022 Recordkeeping Survey
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Last Chance to Participate
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PLANSPONSOR has extended to June 8 the deadline to participate in the 2022 Defined Contribution (DC) Recordkeeping Survey. The questionnaire is intended to be filled out by providers of U.S. DC recordkeeping services. Survey respondents will also have the opportunity to participate in our related sub-survey. This year we combined the 403(b), 457 Market, NQDC Market, and SEP/SIMPLE sub-surveys into one. Results for the DC Recordkeeping Survey will be published in the June/July 2022 issue of PLANSPONSOR magazine. The deadline for submissions is June 8, 2022; please submit one questionnaire per firm. Any questions about this survey or any of the institutional retirement surveys, please contact Kimberley Gonzalez-Quiles at Kimberley.Gonzalez-Quiles@issgovernance.com. 
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| Economic Events |
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Construction spending during April was estimated at a seasonally adjusted annual rate of $1,744.8 billion, 0.2% above the revised March estimate of $1,740.6 billion, the Census Bureau reported. The April figure is 12.3% above the April 2021 estimate of $1,553.5 billion. During the first four months of this year, construction spending was $520.8 billion, 12.4% above the $463.3 billion for the same period in 2021.
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| Market Mirror |
Wednesday, the Dow dropped 176.89 points (0.54%) to 32,813.23, the Nasdaq fell 86.93 points (0.72%) to close at 11,994.46, and the S&P 500 decreased 30.92 points (0.75%) to 4,101.23. The Russell 2000 was down 9.22 points (0.49%) to 1,854.82, and the Wilshire 5000 dropped 305.28 points (0.74%) to 40,779.62.
The price of the 10-year Treasury note decreased 27/32, bringing its yield up to 2.924%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 3.067%.
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ON THIS DATE: In 1774, the Quartering Act, which required American colonists to allow British soldiers into their houses, was reenacted. In 1851, Maine became the first U.S. state that enacted a law to prohibit alcohol. In 1886, Grover Cleveland became the first sitting president to wed in the White House. In 1865, Confederate General Edmund Kirby Smith, commander forces west of the Mississippi, signed the surrender terms offered by Union negotiators. In 1924, Native Americans were granted U.S. citizenship by Congress. In 1935, George Herman “Babe” Ruth announced his retirement from baseball. In 1953, Elizabeth was crowned queen of England at Westminster Abbey. In 2003, in Seville, Spain, a chest containing the supposed remains of Christopher Columbus were exhumed for DNA tests to determine whether the bones were his. The tests were to determine if Columbus was buried in Spain’s Seville Cathedral or in Santo Domingo, Dominican Republic.
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