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Insight on Plan Design & Investment Strategy Every Weekday
Addressing the Haves and Have-Nots in Retirement Savings
Addressing the Haves and Have-Nots in Retirement Savings
The experience during the pandemic of those with and without retirement savings has highlighted the issue of income inequality, says Ed Farrington, with Natixis Investment Managers.
Data and Research
Repeat Record Balances Highlight Need to Improve Coverage
Participant balances in employer-sponsored retirement plans have never been higher, yet millions of Americans lack access to tax-advantaged savings opportunities in their workplace.
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2021 Participant Survey
Data and Research
Participants Missing the Full Match Remains a Big Problem
2021 Recordkeeping Survey
Economic Events
In April, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.8% on a seasonally adjusted (SA) basis; rising 4.2% over the last 12 months, not seasonally adjusted (NSA), the Bureau of Labor Statistics announced. The index for all items less food and energy increased 0.9% in April (SA); up 3.0% over the year (NSA).

Real average hourly earnings for all employees were unchanged in April (SA). Average hourly earnings increased 0.7% and CPI-U increased 0.8%. Real average weekly earnings increased 0.2% over the month.
Market Mirror
Wednesday, the Dow plunged 681.50 points (1.99%) to 33,587.66, the Nasdaq fell 357.75 points (2.67%) to 13,031.68, and the S&P 500 closed 89.06 points (2.14%) lower at 4,063.04. The Russell 2000 lost 136.49 points (6.01%) to finish at 2,135.14, and the Wilshire 5000 plummeted 1,010.52 points (2.34%) to 42,208.53.

The price of the 10-year Treasury note decreased 29/32, bringing its yield up to 1.701%. The price of the 30-year Treasury bond fell 1 4/32, increasing its yield to 2.418%.
IRS Publishes Calendar Year 2022 HSA Contribution Limits
The limit for individuals with self-only coverage will increase $50, and the limit for those with family coverage will increase $100.
Strong Stock Market Boosts 401(k) Investors’ Equity Exposure
In April, it reached the highest levels since 2001, according to Alight.
Small Talk
ON THIS DATE: In 1607, some 100 English colonists arrived along the east bank of the James River in Virginia to found Jamestown, the first permanent English settlement in North America. In 1846, Congress overwhelmingly voted in favor of President James K. Polk’s request to declare war on Mexico in a dispute over Texas. In 1865, the last land engagement of the American Civil War was fought at the Battle of Palmito Ranch in far south Texas, more than a month after Gen. Lee’s surrender at Appomattox, Virginia. In 1968, peace talks between the U.S. and North Vietnam began in Paris. In 2003, the government unveiled a newly designed version of the $20 bill. It was the first to be colorized in an effort to stop counterfeiters.
SURVEY SAYS: During a recent webinar, speakers said employers that are trying to get away from offering a traditional defined benefit (DB) pension plan would rather offer another DB plan type than a defined contribution (DC) plan, as they felt DC plans do not offer the retirement security that DB plans do. A survey from the National Institute on Retirement Security (NIRS) found 77% of respondents agree that all employees should have a pension. This week, I’d like to know, do you have a defined benefit (DB) pension plan from a former or your current employer? Do you believe all employees should be offered a pension plan? You may respond to this week’s survey by 6 p.m. Pacific time today.
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