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March 9th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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Survey
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Do You Want Insight About NQDC Plan Trends?
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PLANSPONSOR and Newport have partnered again to survey plan sponsors with the goal of identifying nonqualified deferred compensation plan trends. The NQDC survey results will reveal the most up-to-date thoughts on nonqualified benefit plan design; the latest trends in plan investments and financing; and what your peers are doing today with their NQDC plans. Participating in the survey will guarantee you an advanced copy of the report, a special NQDC Insights summary prepared by PLANSPONSOR and Newport’s NQDC experts, and more. All responses are strictly confidential and will only be reported in aggregate. The deadline to respond is March 24. Help us to provide this valuable resource. 
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| Economic Events |
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January sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $663.9 billion, up 4.0% from the revised December level and up 22.4% from the revised January 2021 level, the Census Bureau reported. The November 2021 to December 2021 percent change was revised from the preliminary estimate of up 0.2% to up 0.8%.
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| Market Mirror |
Tuesday, the Dow lost 184.74 points (0.56%) to finish at 32,632.64, the Nasdaq closed 35.41 points (0.28%) lower at 12,795.55, and the S&P 500 decreased 30.39 points (0.72%) to 4,170.70. The Russell 2000 was up 11.68 points (0.60%) at 1,963.01, and the Wilshire 5000 fell 198.78 points (0.47%) to 41,989.43.
The price of the 10-year Treasury note was down 7/32, increasing its yield to 1.842%. The price of 30-year Treasury bond decreased 27/32, bringing its yield up 2.222%.
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Ask the Experts
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Options When Fiduciary Insurance Is Too Expensive
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“We are a museum that sponsors an ERISA 403(b) plan. Our fiduciary liability insurance premiums increased five-fold this year, to an amount that we can no longer afford to pay. Other than doing without the insurance, what are our options?”
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Data and Research
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Contemplating a 40-Year Retirement
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J.P. Morgan’s latest Guide to Retirement publication predicts many people, if they can retire in the traditional age range of 62 to 65, can expect to enjoy a nearly four-decade long retirement.
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ON THIS DATE: In 1820, Congress passed the Land Act that paved the way for westward expansion of North America. In 1905, in Egypt, U.S. archeologist Davies discovered the royal tombs of Tua and Yua. In 1954, WNBT-TV (now WNBC-TV), in New York, broadcast the first local color television commercials. The ad was Castro Decorators of New York City. In 1959, the first Barbie doll went on display at the American Toy Fair in New York City. In 1964, production began on the first Ford Mustang. In 1979, the 26 Major League Baseball teams were ordered by MLB commissioner Bowie Kuhn to allow equal access to all reporters, regardless of gender. In 1985, “Gone With The Wind” went on sale in video stores across the U.S. for the first time. In 1990, Dr. Antonia Novello was sworn in as the first female and Hispanic surgeon general. In 2011, Illinois Governor Pat Quinn signed legislation that abolished the death penalty in his state.
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WEDNESDAY WISDOM: “Look deep into nature, and then you will understand everything better.”—Albert Einstein
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| Industry Intel Roundup—Thought Leadership | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. | | |
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