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Data and Research
Small Employers Are Showing Interest in PEPs
Small Employers Are Showing Interest in PEPs
Among plan sponsors with fewer than 100 workers, interest in pooled employer plans has begun to take shape.
Data and Research
Pension Risk Transfer Volume At Record Level
First quarter pace is projected to accelerate this year.
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Social Security Administration Cannot Calculate 2024 COLA if Government Shuts Down
Data and Research
Student Loan Repayments Expected to Derail Employees’ Retirement Savings
Senate Committee Passes Bill Permitting Marijuana Industry Employers to Sponsor Retirement Plans
In the week ending April 30, the advance figure for seasonally adjusted initial claims for unemployment insurance was 200,000, an increase of 19,000 from the previous week’s revised level of 181,000, the Labor Department reported. The four-week moving average was 188,000, an increase of 8,000 from the previous week’s revised average of 180,000.
Thursday, the Dow plummeted 1,063.09 points (3.12%) to 32,997.97, the Nasdaq was down 647.17 points (4.99%) to close at 12,317.69, and the S&P 500 decreased 153.30 points (3.57%) to 4,146.87. The Russell 2000 fell 78.78 points (4.04%) to 1,871.15, and the Wilshire 5000 was down 1,626.90 points (3.78%) to 41,423.66.

The price of the 10-year Treasury note decreased 30/32 raising its yield to 3.044%. The price of the 30-year Treasury bond fell 1 6/32 bringing up its yield to 3.131%.
INFORM Act Seeks Expanded Lump-Sum Payment Disclosures
Proponents say the bill will require pension plan sponsors to provide participants and beneficiaries with critical information about the tradeoffs between lump-sum payments and lifetime annuities.
ON THIS DATE: In 1682, King Louis XIV moved his court to Versailles, France. In 1835, James Gordon Bennett published the “New York Herald” for the first time. In 1840, the first adhesive postage stamps went on sale in Great Britain. In 1889, the Universal Exposition opened in Paris, France, and the occasion was marked with the dedication of the Eiffel Tower. In 1915, Babe Ruth hit his first major league home run while playing for the Boston Red Sox. In 1937, the German airship Hindenburg crashed and burned in Lakehurst, New Jersey. In 1940, John Steinbeck was awarded the Pulitzer Prize for his novel “The Grapes of Wrath.” In 1946, the New York Yankees became the first major league baseball team to travel by plane. In 1954, British runner Roger Banister broke the four-minute mile. In 1994, the English Channel tunnel—a rail tunnel under the English Channel that connected Britain and the European mainland—was officially opened. In 2004, the final episode of “Friends” was aired on NBC.
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