March 15th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Plan Sponsors Have Various Methods to Improve Participant Outcomes In a new issue brief, the American Academy of Actuaries explains four categories of plan design features that might affect retirement outcomes, depending on the participant. Benefits Commission Aims for Financial Literacy Strategy at the Federal Level During a recent hearing, members of the Financial Literacy and Education Commission discussed the interplay of climate change and crypto assets on the financial wellness of everyday Americans. Most Read Benefits Social Security COLA Increase to Add About $50 per Month in 2025 Administration Many Taxpayers Dodged Penalty Tax for Early Retirement Withdrawals Administration Bills to Ban Arbitration Clauses Reappear in House, Senate Market Mirror Yesterday, the Dow was virtually unchanged at 32,945.24, the Nasdaq lost 262.59 points (2.04%) to finish at 12,581.22, and the S&P 500 decreased 31.20 points (0.74%) to 4,173.11. The Russell 2000 closed 37.95 points (1.92%) lower at 1,941.72, and the Wilshire 5000 fell 455.35 points (1.08%) to 41,850.29. The price of the 10-year Treasury note decreased 1 3/32, bringing its yield up to 2.141%. The price of the 30-year Treasury bond fell 2 6/32, increasing its yield to 2.479%. Data and Research 403(b) Plan Design Continues to Evolve Investment lineups have also changed, and fees have gone down. Responding to Health Care Workers’ Retirement Readiness Concerns As health care employees’ worry about outliving their assets, plan sponsors can help them prepare for income in retirement. Small Talk ON THIS DATE: In 44 BC, Julius Caesar, dictator of Rome, was stabbed to death in the Roman Senate house by 60 conspirators led by Marcus Junius Brutus and Gaius Cassius Longinus. In 1781, during the American Revolution, at the Battle of Guilford Courthouse in North Carolina, British General Cornwallis’ 1,900 soldiers defeated an American force of 4,400. 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 1869, Cincinnati attorney Aaron Champion hired a former cricket player named Harry Wright to organize, manage and play for the Cincinnati Red Stockings, who became the first professional baseball team. In 1875, the Roman Catholic Archbishop of New York named John McCloskey the first American cardinal. In 1907, in Finland, women won their first seats in the Finnish Parliament. In 1913, President Woodrow Wilson held the first open presidential news conference. In 1954, CBS television debuted its “Morning Show.” In 1965, President Lyndon B. Johnson addressed a joint session of Congress to urge the passage of legislation guaranteeing voting rights for all. In 1972, The Godfather—a three-hour epic that chronicled the lives of the Corleones, an Italian American crime family led by the powerful Vito Corleone, played by Marlon Brando—was released in theaters. In 2002, in the U.S., Burger King began selling a veggie burger. No TUESDAY TRIVIA this week. 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