May 4th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Many Plan Sponsors Hesitant to Offer Retirement Income, Study Shows Many plan sponsors have yet to consider retirement income solutions and are hesitant about offering alternative investments. Administration What This Year’s RFPs Will Look Like New technology, new priorities and traditional cultural connections should all be in focus as plan sponsors manage request for proposals processes. Most Read Benefits Social Security COLA Increase to Add About $50 per Month in 2025 Administration Many Taxpayers Dodged Penalty Tax for Early Retirement Withdrawals Administration Bills to Ban Arbitration Clauses Reappear in House, Senate MARKET DATA Wednesday, the Dow lost 270.29 points (0.80%) to close at 33,414.24, the Nasdaq lost 55.18 points (0.46%) to close at 12,025.33 and the S&P 500 lost 28.83 points (0.70%) to close at 4,090.75. The Russell 2000 gained 7.17 points (0.41%) to close at 1,739.28 and the Wilshire 5000 lost 227.17points (0.56%) to close at 40,306.73. The price of the 10-year Treasury note fell 3/32, bringing the yield to 3.343%. The price of the 30-year Treasury bond fell 1/32, bringing the yield to 3.686% Investing Siegel Says Stock Options Can Help Participants Hedge Against Inflation Economist and investor Jeremy Siegel favors stocks, REITs and certain high-yield bonds for long-term investing. Data and Research Annuities Hit All-Time Quarterly Record LIMRA reports that retail annuities are booming, even as new research from PGIM shows that 34% of plan sponsors are considering adding them in retirement plans. SURVEYS 2023 Recordkeeping Survey Calling All Recordkeeping Firms! Don’t miss your chance to highlight your services for plan sponsors. Complete your entry in the PLANSPONSOR 2023 Recordkeeping Survey by the FINAL deadline, May 23. SMALL TALK ON THIS DATE: In 1865, President Abraham Lincoln was laid to rest in his hometown of Springfield, Illinois. In 1905, the U.S. began construction on the Panama Canal. In 1942, during World War II, U.S. air and naval fleets turned back a Japanese invasion force heading for the strategic Port Moresby, New Guinea, in the Battle of the Coral Sea. In 1959, the first Grammy Awards were presented, and the winners included Frank Sinatra, Ella Fitzgerald—the first African American woman to win the award—and the Kingston Trio. In 1961, the first Freedom Ride—a protest against segregation of interstate bus travel in the South—began as a group of whites and African Americans departed Washington, D.C., on buses bound for New Orleans. In 1970, an anti-Vietnam War demonstration at Kent State University turned deadly when the Ohio National Guard shot four unarmed students and wounded nine others. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850