May 6th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Data and Research 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. Most Read Compliance American Airlines Failed to Protect Workers’ 401(k)s in ESG Case, Federal Court Finds Compliance Treasury, IRS Issue Proposed Regulations on SECURE 2.0 Provisions Compliance IRS Provides Relief for Participants Impacted by California Wildfires ECONOMIC EVENTS 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. MARKET MIRROR 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%. Compliance 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. SMALL TALK 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. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2025 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