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Data and Research
Participants Prefer Monthly Retirement Paychecks Over Flexible Withdrawals
Participants Prefer Monthly Retirement Paychecks Over Flexible Withdrawals
The majority of respondents to a survey by Capital Group also noted they were potentially interested in annuity and lifetime guaranteed income solutions—options that many plan sponsors are reluctant to offer.
Data and Research
Participants Want Simplified Investment Education
In addition to personalized advice, this includes easy to understand plan investment menus and investment options.
Most Read
2021 Recordkeeping Survey
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Economic Events
The Conference Board Consumer Confidence Index surged in March to its highest reading in a year, after a modest increase in February. The Index now stands at 109.7 (1985=100), up from 90.4 in February. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—climbed from 89.6 to 110.0. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—also improved, from 90.9 last month to 109.6 in March.
Market Mirror
Tuesday, the Dow lost 104.41 points (0.31%) to finish at 33,066.96, the Nasdaq decreased 14.25 points (0.11%) to 13,045.39, and the S&P 500 closed 12.54 points (0.32%) lower at 3,958.55. The Russell 2000 climbed 37.11 points (1.72%) to 2,195.80, and the Wilshire 5000 was down 20.89 points (0.05%) at 41,500.55.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.727%. The price of the 30-year Treasury bond increased 28/32, bringing its yield down to 2.384%.
Black Americans Form New Financial Habits Due to COVID-19
African Americans fell the farthest behind of all ethnic groups last year—and are the most eager for financial advice and education.
OneAmerica Offers Online Benefit Enrollment and Administration Platform
The platform from Integrated HR Systems lets employers manage group and voluntary benefits in one portal and offers employees help with comparing options.
Small Talk
ON THIS DATE: In 1885, Binney & Smith Company was founded in New York City. The company later became Crayola, LLC. In 1889, in Paris, the Eiffel Tower officially opened. In 1906, the Intercollegiate Athletic Association of the United States was founded to set rules in amateur sports. The organization became the National Collegiate Athletic Association in 1910. In 1917, the U.S. purchased and took possession of the Virgin Islands from Denmark for $25 million. In 1918, Daylight Saving Time went into effect for the first time in the U.S. In 1932, Ford Motor Co. debuted its V-8 engine. In 1933, Congress authorized the Civilian Conservation Corps to relieve rampant unemployment. In 1945, “The Glass Menagerie” by Tennessee Williams opened on Broadway. In 1980, President Jimmy Carter deregulated the banking industry. In 1987, HBO (Home Box Office) earned its first Oscar for “Down and Out in America.” In 1994, “Nature” magazine announced that a complete skull of Australppithecus afarensis had been found in Ethiopia. The finding is of humans’ earliest ancestor. In 1998, Buddy Hackett received a star on the Hollywood Walk of Fame. In 2004, Google Inc. announced that it would be introducing a free e-mail service called Gmail.
WEDNESDAY WISDOM: “The sea hath fish for every man.”—William Camden, English historian
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