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March 17th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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Data and Research
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Fee Considerations for Small Plans
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Sponsors of smaller plans should regularly review investment share classes, but another plan type might also be an option. 
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| Economic Events |
Advance estimates of U.S. retail and food services sales for February, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $658.1 billion, an increase of 0.3% from the previous month, and 17.6% above February 2021, the Census Bureau reported. Total sales for the December through February period were up 16.0% from the same period a year ago. Retail trade sales were virtually unchanged from January but were up 15.9% from last year. Gasoline stations were up 36.4% from February 2021, while food services and drinking places were up 33.0% from last year.
The combined value of distributive trade sales and manufacturers’ shipments for January, adjusted forseasonal and trading day differences but not for price changes, was estimated at $1,784.8 billion, up 3.7% from December and up 15.5% from January 2021.
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| Market Mirror |
Wednesday, the Dow gained 518.76 points (1.55%) to finish at 34,063.10, the Nasdaq rose 487.93 points (3.77%) to 13,436.55, and the S&P 500 closed 95.41 points (2.24%) higher at 4,357.86. The Russell 2000 increased 61.75 points (3.14%) to 2,030.72, and the Wilshire 5000 climbed 1,086.87 points (2.54%) to 43,805.58.
The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.182%. The price of the 30-year Treasury bond was up 7/32, decreasing its yield to 2.449%.
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ON THIS DATE: In 461, Saint Patrick, Christian missionary, bishop, and apostle of Ireland, died at Saul, Downpatrick, Ireland. In 1601, the first recorded parade honoring the Catholic feast day of St. Patrick, the patron saint of Ireland, was held in what is now St. Augustine, Florida. In 1776, British forces were forced to evacuate Boston following General George Washington’s successful placement of fortifications and cannons on Dorchester Heights, which overlooks the city from the south. In 1905, future president Franklin Delano Roosevelt wedded his fifth cousin once removed, Eleanor Roosevelt, in New York. In 1930, in New York, construction began on the Empire State Building. In 1967, Snoopy and Charlie Brown of “Peanuts” were on the cover of “LIFE” magazine. In 1969, 70-year-old Golda Meir made history when she was elected as Israel’s first female prime minister. In 2000, with the release of the film “Erin Brockovich,” Julia Roberts became the first actress ever to command $20 million per movie. In 2007, Mike Modano, the American former professional ice hockey player, primarily for the Dallas Stars, scored his 502nd and 503rd career goals to make him the all-time U.S. leader in goal-scoring.
No SURVEY SAYS this week.
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