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Insight on Plan Design & Investment Strategy Every Weekday
New Trends in Investing Pushing Greater OCIO Use
New Trends in Investing Pushing Greater OCIO Use
The push to create value-aligned portfolios, add annuities to retirement plans, and free up time to focus on other things are reasons for an increased use of outsourced chief investment officer services.
We Want to Hear From You
Plan Sponsor HSA Survey
PLANSPONSOR is requesting your feedback regarding health savings accounts (HSAs), which will inform the extensive HSA coverage we have planned for April. Whether you offer an HSA or not, please take a few minutes to respond to our short (~20 question) study on this topic by Wednesday, March 24. Results will be published online in late April, and respondents will receive both a digital reprint of published content and exclusive access to unpublished data/insight from the study, so please consider responding today.
Most Read
Participants Will Need Support to Understand Lifetime Income Projections
Data and Research
DB Plans Retain Cost Advantage Over DC Plans
Milliman Accused of Failing to Prune Bad Investments From 401(k)
Economic Events
Interest on a 30-year fixed-rate mortgage averaged 3.09% for the week ending March 18, up from last week when it averaged 3.05, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.65%. Interest on a 15-year fixed-rate mortgage averaged 2.40%, up from last week when it averaged 2.38%. A year ago at this time, the 15-year FRM averaged 3.06%.

In the week ending March 13, the advance figure for seasonally adjusted initial claims for unemployment insurance was 770,000, an increase of 45,000 from the previous week’s revised level of 725,000, the Labor Department reported. The four-week moving average was 746,250, a decrease of 16,000 from the previous week’s revised average of 762,250.
Market Mirror
Thursday, the Dow was down 153.07 points (0.46%) at 32,862.30, the Nasdaq fell 409.03 points (3.02%) to 13,116.17, and the S&P 500 decreased 58.66 points (1.48%) to 3,915.46. The Russell 2000 lost 68.81 points (2.94%) to finish at 2,267.59, and the Wilshire 5000 closed 781.51 points (1.85%) lower at 41,373.19.

The prices of the 10-year Treasury note and 30-year Treasury bond each decreased 28/32, bringing their yields up to 1.715% and 2.457%, respectively.
Stimulus Bill Includes Executive Compensation Changes That Might Affect NQDC Plans
The legislation changes the Internal Revenue Code so that more top earners’ compensation won’t be deductible.
Data and Research
Retirement Accounts Post Record During a Pandemic and Recession
Employer-sponsored retirement plans and individual accounts hold some $35 trillion in total assets at a time when the broader economy—and many of its most vulnerable constituents—continues to struggle.
Investment Product and Service Launches
Hartford Funds launches new ETF and T. Rowe Price creates Impact Equity Fund.
Small Talk
ON THIS DATE: In 1895, the Los Angeles Railway was established to provide streetcar service. In 1931, the state of Nevada legalized gambling. In 1953, the Academy Awards was on television for the first time, on NBC. In 1954, viewers saw the first televised prize fight shown in color when Joey Giardello knocked out Willie Tory in round seven at Madison Square Garden in New York City. In 1979, the House of Representatives began broadcasting its daily business on TV. In 2003, the United States, along with coalition forces primarily from the United Kingdom, initiated war on Iraq.

And now it’s time for some FRIDAY FUN!
Not the way to fit into a parking space.

Cat plays ping pong, but not in the usual way.

In Berlin, Germany, police were able to solve a nine-year-old burglary with a half-eaten piece of sausage. The sausage belonged to the victim, and apparently, the suspect helped himself to a bite, according to the Associated Press. DNA found on the sausage matched that of a man detained in France over an unrelated crime.

Have a great weekend!
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