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Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Annuities Shine in Rocky Market Environment
Both FIAs and fixed-rate deferred products benefited from the significant interest rate increases in the first quarter, according to new data published by the Secure Retirement Institute.
Ask the Experts
Are Distributions From a 403(b) Subject to the WEP Provision?
“Are distributions from a 403(b) plan subject to the Windfall Elimination Provision?”
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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
Economic Events
New orders for manufactured durable goods in March increased $2.3 billion or 0.8% to $275.0 billion, the U.S. Census Bureau announced. This increase, up five of the last six months, followed a 1.7% February decrease. Excluding transportation, new orders increased 1.1%. Excluding defense, new orders increased 1.2%. Computers and electronic products, up two of the last three months, led the increase, $0.7 billion or 2.6% to $26.3 billion.
Market Mirror
Tuesday, the Dow added 67.29 points (0.20%) to finish at 33,128.79, the Nasdaq closed 27.74 points (0.22%) higher at 12,563.76, and the S&P 500 increased 20.10 points (0.48%) to 4,175.48. The Russell 2000 was up 15.94 points (0.85%) at 1,898.86, and the Wilshire 5000 gained 185.52 points (0.45%) to finish at 41,820.72.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 2.975%. The price of the 30-year Treasury bond increased 2/32, bringing its yield down to 3.022%.
Data and Research
Consensus Builds Around Early Financial Education
The vast majority of U.S. adults think their state should require a semester- or year-long course in personal finance education prior to high school graduation.
Employers Feel the Strain of Rising Labor Costs
New survey data shows employers both large and small are looking closely at operating expenses and, when possible, prioritizing salaries and benefits.
Small Talk
ON THIS DATE: In 1715, a French manufacturer debuted the first folding umbrella. In 1886, Chichester Bell and Charles S. Tainter patented the gramophone. It was the first practical phonograph. In 1905, the U.S. officially began construction on the Panama Canal. In 1954, the first intercollegiate court tennis match was played in the U.S., between Yale and Princeton. In 1961, 13 civil rights activists, dubbed “Freedom Riders,” began a bus trip through the South. In 1966, San Francisco Giants outfielder Willie Mays hit his 512th career home run to break Mel Ott’s National League record for home runs. In 1970, in Kent, Ohio, 28 National Guardsmen fired their weapons at a group of anti-war demonstrators on the Kent State University campus, killing four students, wounding eight, and permanently paralyzing another. In 1979, Margaret Thatcher, leader of the Conservative Party, became Britain’s first female prime minister. In 1987, the First Bank of the United States was listed as a National Historic Landmark. In 2012, in Las Vegas, Google received the first self-driving vehicle testing license.
WEDNESDAY WISDOM: “Power is like being a lady… if you have to tell people you are, you aren’t.”—Margaret Thatcher
Industry Intel Roundup—Featured Webcasts
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
Managing the DC Plan Investment Menu
Sponsored by Columbia Threadneedle Even if they have help, defined contribution plan sponsors have ultimate fiduciary responsibility for managing the funds on their plans’ investment menus. Participants’ preferences and needs for diversification and good performance, as well as costs, are all considerations in selecting and monitoring DC plan investments. Plan sponsors are also increasingly considering how to construct an investment lineup that can meet participants’ decumulation needs. Learn about the latest trends in investment menu design, as well as the Employee Retirement Income Security Act and regulatory duties plan sponsors are expected to follow.
Webinar: The Great Retirement Decision
Today, many employers are focused on the “Great Resignation.” However, there is another workplace priority that needs attention: the “Great Retirement Decision” – whether to take one’s accumulated savings as a paycheck or a perceived “pot of gold,” or some combination of the two. MetLife’s MetLife 2022 Paycheck or Pot of Gold Study shows the contrast between those who chose a lump sum and those who opted for guaranteed retirement income.1 In this webinar, our experts will discuss: • Do pre-retirees and retirees think it's valuable to have guaranteed retirement income? • Do retirees' experiences with taking a lump sum meet with their expectations? • How quickly do retirees deplete their lump sums? • How are different employee demographics faring as they approach retirement? • How can employers improve retirement outcomes for employees?
Student Debt: What’s New and What Matters to employers and employees?
Student debt is not a new headwind for employees, but deeper insights into the cross generational hardships are beginning to influence employment decisions. In this especially tight labor market – amid talk of the ‘Great Resignation’ and increased inflationary pressures - employers are revisiting if and how to differentiate their benefit offering to address talent attraction, retention and diversity and inclusion objectives. Join Fidelity leaders Kirsten Hunter Peterson, Director of Thought Leadership, and Chris Rinko, Vice President Student Debt, to hear about the latest legislative and marketplace updates, and model the potential financial impact for employees enrolled in a student debt repayment benefit during the past two years. Fidelity has done the research and the math to illustrate how a student debt benefit can provide a competitive advantage to attract and retain talent, promote company culture and support overall financial wellness. Fidelity Workplace ServicesLLC, 245 Summer Street, Boston, MA 02110 ©2022 FMR LLC. All rights reserved. 1023761.1.0
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