March 24th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Financial Wellness Webinar Attendance Linked to Higher 401(k) Contributions The amount of the increase in contributions depends on employees’ age and initial contribution level, research from the Employee Benefit Research Institute found.    Editor’s Note Don’t Miss an Edition of NewsDash! PLANSPONSOR’s newsletters and notifications about events and magazine issues will be coming from new domains starting next week. Please whitelist the following domains: newsletters.plansponsor.com, industry-intel.plansponsor.com, info.issmediasolutions.com and subscriptions.issmediasolutions.com. Most Read Administration From Auto-IRAs to PEPs: How Small Employers Can Offer Retirement Savings Compliance Bristol-Myers Squibb, State Street Targeted in Lawsuit Over PRT Administration No Matter How Small, Businesses Have Retirement Plan Options Economic Events Sales of new single‐family houses in February were at a seasonally adjusted annual rate of 772,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.0% below the revised January rate of 788,000 and is 6.2% below the February 2021 estimate of 823,000. Market Mirror Wednesday, the Dow lost 448.96 points (1.29%) to finish at 34,358.50, the Nasdaq closed 186.21 points (1.32%) lower at 13,922.60, and the S&P 500 decreased 55.37 points (1.23%) to 4,456.24. The Russell 2000 was down 36.14 points (1.73%) at 2,052.21, and the Wilshire 5000 fell 566.16 points (1.24%) to 44,925.08. The price of the 10-year Treasury note increased 30/32, bringing its yield down to 2.295%. The price of the 30-year Treasury bond climbed 2 26/32, decreasing its yield to 2.485%. Compliance ERISA Suit Against Nationwide Moves Ahead The consolidated lawsuit alleges Nationwide 401(k) plan fiduciaries failed to negotiate guaranteed investment fund terms that were as good as the same fund’s terms for its DB plan. Investing Online Special Coverage: DC Plan Investment Menu Insights to create an investment menu that meets participants’ needs. Small Talk ON THIS DATE: In 1868, Metropolitan Life Insurance Company was formed. In 1900, in New Jersey, the Carnegie Steel Corporation was formed. In 1920, the first U.S. coast guard air station was established at Morehead City, North Carolina. In 1955, Tennessee Williams’ play “Cat on a Hot Tin Roof” debuted on Broadway. In 1955, the first oil drill seagoing rig was put into service. In 1989, one of the worst oil spills in U.S. history began when the supertanker Exxon Valdez, owned and operated by the Exxon Corporation, ran aground on a reef in Prince William Sound in southern Alaska. In 2005, Sandra Bullock received a star on the Hollywood Walk of Fame. SURVEY SAYS: I admit that at times in my busy life I’ve only read the headline of certain traditional or social media content and assumed I knew about something in conversations with others. Sometimes, I learned that if I had read the whole story, my conclusions would have been different. There have also been times I’ve read a headline thinking I would get certain information, only to find the attached story included very little of what I thought it would. A survey Conducted by OnePoll in partnership with Zakat Foundation of America, a U.S.-based humanitarian organization, found eight in 10 people confessed they’ve reacted to an online article solely based on its headline. But most respondents (89%) disagreed with their initial reaction after reading the entire story. A headline can cause us to make assumptions or develop opinions; it can make us want to read more or pass a story by. This week, I’d like to know, do you trust headlines you see in traditional and social media, and can a headline alone make you want to pursue the bigger story? You can respond to this week’s survey by 6 p.m. Pacific time today. 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