Plansponsor Logo
Insight on Plan Design & Investment Strategy Every Weekday
2022 Plan Sponsor of the Year Finalists
2022 Plan Sponsor of the Year Finalists
Get to know our 2022 Plan Sponsor of the Year finalists in the Corporate DC >$250MM – $1B category. Profiles are now online.
2022 Plan Sponsor of the Year Finalists: Corporate DC >$1B
Profiles are now online for the 2022 Plan Sponsor of the Year finalists in the Corporate DC >$1B category.
Most Read
Data and Research
Millennials Retirement Readiness Fell the Most From 2020
Deals and People
Cambridge Associates Names New President, Head of Investing
Data and Research
Pension Risk Transfers Continue to Skyrocket in Q1
In the week ending May 14, the advance figure for seasonally adjusted initial claims for unemployment insurance was 218,000, an increase of 21,000 from the previous week’s revised level of 197,000, the Labor Department reported. The four-week moving average was 199,500, an increase of 8,250 from the previous week’s revised average of 191,250.

Interest on a 30-year fixed-rate mortgage averaged 5.25% for the week ending May 19, down from last week when it averaged 5.30%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.00%. Interest on a 15-year fixed-rate mortgage averaged 4.43%, down from last week when it averaged 4.48%. A year ago at this time, the 15-year FRM averaged 2.29%.

Existing-home sales in April fell for the third straight month to a seasonally adjusted annual rate of 5.61 million, according to the National Association of Realtors. Sales were down 2.4% from the prior month and 5.9% from one year ago. The median existing-home sales price increased at a slower year-over-year pace of 14.8% to $391,200.
Thursday, the Dow lost 236.94 points points (0.75%) to 31,253.13 the Nasdaq fell 29.66 points (0.26%) to close at 11,388.50, and the S&P 500 was down 22.89 points (0.58%) to 3,900.79. The Russell 2000 increased 1.38 points (0.08%) to 1,776.22, and the Wilshire 5000 lost 142.72 points (0.37%) to 38,840.66.

The price of the 10-year Treasury note increased 26/32 lowering its yield to 2.848%. The price of the 30-year Treasury bond increased 2/32 decreasing its yield to 3.056%.
Data and Research
Target-Date Funds Helped Savers Weather Q1 Volatility
Retirement plan participants are staying on track, not changing allocations, in the face of market volatility.
Workers and Retirees Hold Differing Views on Retirement Income Sources
The Employee Benefit Research Institute's Retirement Confidence Survey revealed workers’ expectations of and retirees’ experiences with workplace plans.  
Investment Product and Service Launches
Pacific Life announces collaboration with Wespath Benefits and WTW on qualifying longevity annuity contract option, and Principal Global Investors launches active real estate ETF.
ON THIS DATE: In 1506, Italian explorer Christopher Columbus died in Valladolid, Spain. In 1774, Britain’s Parliament passed the Coercive Acts to punish American colonists. In 1830, the fountain pen was patented by H.D. Hyde. In 1873, in San Francisco businessman Levi Strauss and Reno, Nevada, tailor Jacob Davis received a patent to create work pants reinforced with metal rivets, marking the birth of blue jeans. In 1902, Cuba gained independence from Spain. In 1932, Amelia Earhart took off to fly solo across the Atlantic Ocean. In 1993, the final episode of “Cheers” was aired on NBC. In 1998, Frank Sinatra was laid to rest after the singer died from a heart attack at age 82 days earlier. In 2007, Fox’s long-running animated series “The Simpsons” aired its 400th episode. 
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2023 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850