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PLANSPONSOR NEWSDASH LOGO March 29th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Awards
2022 Plan Sponsor of the Year Finalists
2022 Plan Sponsor of the Year Finalists
PLANSPONSOR is pleased to announce the 2022 Plan Sponsor of the Year finalists in the Corporate DC <$25MM and Corporate DC $25MM – $70MM categories.
UpFront
Income Projections Coming Soon
How plan sponsors might expect participants to respond to their first lifetime income disclosures.
Most Read
Data and Research
Health Care in Retirement Will Cost an Average of $315,000
Deals and People
Retirement Industry People Moves
Data and Research
401(k) vs. 403(b): Different Paths to Retirement Readiness
Market Mirror
Yesterday, the Dow closed 94.65 points (0.27%) higher at 34,955.89, the Nasdaq gained 185.60 points (1.31%) to finish at 14,354.90, and the S&P 500 increased 32.46 points (0.71%) to 4,575.52. The Russell 2000 was virtually unchanged at 2,078.06, and the Wilshire 5000 climbed 329.58 points (0.72%) to 46,022.41.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 2.456%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 2.543%.
Compliance
Capitol Hill Puts Focus on Retirement Security Legislation
The house will hold a committee hearing focused on improving Americans’ retirement savings and investing opportunities and vote on the ‘SECURE Act 2.0’ this Tuesday.
ERISA Suit Filed Against Dartmouth-Hitchcock Network
The plaintiffs accuse the defense of failing to work to reduce retirement plan expenses or to adequately scrutinize each investment option that was offered to ensure it was prudent.
Lawsuit Accuses Church of Mismanaging Retirement Plan
The plaintiff is seeking recovery on behalf of a class of participants in a retirement plan of the AME church, which reported a ‘material loss’ last fall.
Small Talk
ON THIS DATE: In 1867, the British Parliament passed the North America Act to create the Dominion of Canada. In 1929, President Herbert Hoover had a phone installed at his desk in the Oval Office of the White House. In 1961, the 23rd amendment to the Constitution was ratified. The amendment allowed residents of Washington, D.C., to vote for president. In 1973, two months after the signing of the Vietnam peace agreement, the last U.S. combat troops left South Vietnam as Hanoi freed the remaining American prisoners of war held in North Vietnam. In 1974, the unmanned U.S. space probe Mariner 10, launched by NASA in November 1973, became the first spacecraft to visit the planet Mercury, sending back close-up images of a celestial body usually obscured because of its proximity to the sun. In 1983, Erno Rubik was granted a patent for his Magic Cube. In 1993, Clint Eastwood won his first Oscars. He won them for best film and best director for the film “Unforgiven.” In 2004, Bulgaria, Estonia, Latvia, Lithuania, Romania, Slovakia and Slovenia became members of NATO.
TUESDAY TRIVIA: What is the dab of toothpaste that sits on top of a toothbrush called?
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