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May 4th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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Data and Research
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Annuities Shine in Rocky Market Environment
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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. 
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| Economic Events |
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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.
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| 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%.
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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.
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WEDNESDAY WISDOM: “Power is like being a lady… if you have to tell people you are, you aren’t.”—Margaret Thatcher
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| Industry Intel Roundup—Featured Webinars | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars 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. |  | | SPONSORED BY: Principal | October 30, 2024 | | Rethinking Retirement: Participant Engagement Trends and Best Practices | | Dive into key participant behaviors and engagement trends that can reshape how we approach retirement planning. This presentation highlights the complexities participants face in understanding their eligibility and reveals misconceptions about their enrollment. We’ll explore targeted strategies to help boost participation rates and address certain generational gaps. In today’s saturated digital environment, participants are conditioned to ignore marketing-style emails.
Discover best practices in how to refine your messaging and break through the noise. Finally, we’ll explore why the “easy button” plan features haven’t been working. By evolving messaging to meet participants where they are paired with best practice plan design features, we aim to drive deeper engagement and better outcomes. |
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|  | | December 12, 2024 | | Plan Benchmarking | | How do plan sponsors determine the right goals for their plans or measure plan success? What tools are available to benchmark retirement plans? What should plans be measuring and how often? What kinds of actions or improvements can measurements drive? These questions and more will be answered in PLANSPONSOR’s final editorial webinar of 2024. |
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| | |  | | SPONSORED BY: Corebridge Financial | September 30, 2024 | | How College Planning Fits Into Financial Wellness | | When it comes to the college search, you’ll often hear talk about finding the right “fit.” Usually that means academic and social fit, but a key piece of fit is also the financial fit. A college degree is one of the most expensive purchases a family will make in their lifetime. Figuring out what you will pay, how much you can afford, and how you will find the best value for your money is a critical component of any college search. In this webinar, New York Times bestselling parenting and higher education writer Jeff Selingo will explain how to assess the value of a college and ways to compile the college list with financial wellness in mind. Jeff spent a year inside the college admissions process for his book, Who Gets In and Why, and has written about higher education for 25 years. |
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| | | September 19, 2024 | | Financial Wellness | | Plan sponsors, advisers and policy experts will offer suggestions for how best to define and measure the financial wellness of participants and drive financial confidence. The panel will also review how they evaluate the myriad new offerings appearing as a result of the voluntary benefits provisions of SECURE 2.0. Attendees will come away with tangible metrics for determining which programs will offer the most useful and valuable programs for their employees. |
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