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PLANSPONSOR NEWSDASH LOGO March 15th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Annuities Aren’t the Only Option for Generating Retirement Income
Annuities Aren’t the Only Option for Generating Retirement Income
Annuity adoption lags, but there are other ways to help retirement plan participants prepare for income in retirement.
Webinar
Considering ESG Factors in Investment Selection
For several presidential administrations now, there has been some back and forth about the place for environmental, social and governance (ESG) investing in retirement plans. Join PLANSPONSOR and retirement industry sources for a webinar on March 18 in which you will learn what the DOL’s latest regulations say about the use of ESG investments in retirement plans; how retirement plan sponsors can abide by their fiduciary duties when making investment selections based on ESG factors; and the different ways plan sponsors can include ESG investments in retirement plans.
Most Read
1
2021 Recordkeeping Survey
2
DOL Clears Up Timing for Lifetime Income Illustrations
3
2020 Recordkeeping Survey
4
Addressing Forgotten Accounts Can Improve Retirement Savings Outcomes
5
The Allure of PEPs for Current Plan Sponsors
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Economic Events
The Producer Price Index for final demand increased 0.5% in February, as prices for final demand goods rose 1.4%, and the index for final demand services advanced 0.1%, according to the Bureau of Labor Statistics. The final demand index moved up 2.8% for the 12 months ended in February.

Tomorrow, the Census Bureau will report about retail sales for February and business trade for January. Wednesday, the Census Bureau will report about housing starts for February. Thursday, the Labor Department will issue its initial claims report.
Market Mirror
Friday, the Dow climbed 293.05 points (0.90%) to 32,778.64, the Nasdaq closed 78.81 points (0.59%) lower at 13,319.87, and the S&P 500 was up 4.00 points (0.10%) at 3,943.34. The Russell 2000 gained 14.25 points (0.61%) to finish at 2,352.79, and the Wilshire 5000 increased 55.64 points (0.13%) to 41,900.62.

The price of the 10-year Treasury note decreased 30/32, bringing its yield up to 1.625%. The price of the 30-year Treasury bond fell 1 6/32, increasing its yield to 2.383%.

For the week ending March 12, the Dow gained 4.07%, the Nasdaq increased 3.09%, and the S&P 500 was up 2.64%. The Russell 2000 climbed 7.33%, and the Wilshire 5000 finished 3.29% higher.
Benefits
Oklahoma Looks to Create State-Run IRA
The bills introduced in the state legislature would require companies with 10 or more employees that have been in business two years or longer that do not offer a retirement plan to join the program.
Products
Franklin Templeton, iGrad Financial Wellness Platform Offers Personalization
It can analyze how prepared people are for retirement and assess each user’s ‘financial personality.’ 
Deals and People
Retirement Industry People Moves
Hearts & Wallets selects chief client officer; executive VP and global head Joins AIG; and Former Lincoln Group exec moves to Transamerica as new president and CEO.
Small Talk
ON THIS DATE: In 1767, future President Andrew Jackson was born in a backwoods region between North and South Carolina to Irish immigrant parents. In 1820, as part of the Missouri Compromise between the North and the South, Maine was admitted into the Union as the 23rd state. In 1892, Jesse W. Reno patented the Reno Inclined Elevator. It was the first escalator. In 1913, President Woodrow Wilson held the first open presidential news conference. In 1937, in Chicago, the first blood bank to preserve blood for transfusion by refrigeration was established at the Cook County Hospital. In 1965, President Lyndon B. Johnson addressed a joint session of Congress to urge the passage of legislation guaranteeing voting rights for all. In 1989, the U.S. Department of Veteran’s Affairs became the 14th Department in the President’s Cabinet.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Does your DC plan offer an annuity option as part of its investment lineup, and if it did, would you put some of your savings into it?” Nearly all (90.9%) of respondents said their defined contribution (DC) plan does not offer an annuity option as part of its investment lineup, while 4.5% said their plan offers an annuity option as a standalone investment option. The remaining respondents said they do not know. Slightly more than 4% said they already put some of their savings in into the annuity option offered by their plan. More than one-quarter (27.3%) said they would put some of their savings into one if it was offered, while 40.9% reported that they would not. Readers who chose to leave comments expressed their views of annuities and of the use of annuities in DC plans.
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