Plansponsor Logo
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?”
Most Read
Is the UAW’s Demand for Return of Pensions a Realistic Ask?
Deals and People
Voya Keeps Building Government Markets Team With Rehire
Data and Research
Unplanned Financial Challenges Continue to Plague US Workers’ Retirement Savings
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.
Supporting employees throughout their retirement journey
Making the decision to retire is more complex than ever and we understand that the retirement journey is different for everyone. From preparing for and investing in retirement, to generating income while living in retirement – learn how you can better support your employees throughout their retirement journey. This webinar will highlight: • The latest retirement income trends/insights • Ways your DC plan can help better support participants transitioning to retirement including considerations for guaranteed income solutions • Fidelity’s Retirement Income Services including the new Guaranteed Income Direct solution – which gives participants the ability to turn their retirement savings into steady lifetime income
Employer Health Benefits: Blueprints for tackling high costs and clinical navigation
Much more than ever is being asked of employers in terms of the workplace benefits they offer— including health benefits. Fidelity Health’s Employer Health Benefits Blueprint collection draws on the latest research and thinking to uncover ways employers can help employees stay healthy and productive while controlling costs. This webinar will uncover strategies for managing specialty drug costs, addressing high-cost claims and claimants, and helping employees navigate a complex clinical world. Learning goals: • Better understand how to evaluate the right partners that can help address specialty drug prices. • Recognize the value of a proactive and preventative approach could help employers minimize health costs by anticipating and circumventing costly conditions. • Develop a strategy for helping employees navigate the health system.
5 Social Security Stumbling Blocks Tripping Up Employees
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