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September 22nd, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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PROVIDER RELATIONSHIPS | DIGITAL RESOURCES
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Simplify the Experience
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Give participants the digital resources to engage with their account.
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ECONOMIC EVENTS |
Existing-home sales experienced a slight dip in August, marking the seventh consecutive month of declines, according to the National Association of REALTORS. Month-over-month sales varied across the four major U.S. regions as two regions recorded increases, one was unchanged and the other posted a drop. On a year-over-year basis, however, sales fell in all regions. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, notched a minor contraction of 0.4% from July to a seasonally adjusted annual rate of 4.80 million in August. Year-over-year, sales faded by 19.9% (5.99 million in August 2021).
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MARKET MIRROR |
Wednesday, the Dow lost 522.45 points (1.70%) to finish at 30,183.78, the Nasdaq closed 204.86 points (1.79%) lower at 11,220.19, and the S&P 500 decreased 66.00 points (1.71%) to 3,789.93. The Russell 2000 was down 25.35 points (1.42%) at 1,762.16, and the Wilshire 5000 fell 643.49 points (1.67%) to 37,914.99.
The price of the 10-year Treasury note was up 3/32, decreasing its yield to 3.527%. The price of the 30-year Treasury bond increased 1 2/32, bringing its yield down to 3.506%.
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EVENTS
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What to Expect From a Retirement Plan Adviser
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Join PLANSPONSOR and a panel of experts for a webinar on September 22 as they discuss what services advisers offer to retirement plans; how plan sponsors determine the role they want their advisers to play; and questions to ask when searching for a plan adviser. Panelists will also talk about the fiduciary roles advisers can take on for the plan and the relationship between advisers and plan providers.
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SURVEYS
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Complete the DC Survey
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For more than 20 years, PLANSPONSOR’s annual Defined Contribution Survey has provided benchmarking data for nearly 50 industries/business sectors and for 401(k), 403(b), and other DC plans, as well as nonqualified plans. Represent your industry and plan type by participating, and you’ll receive a free benchmarking report.
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In 1789, Congress authorized the office of Postmaster General. In 1862, President Abraham Lincoln issued a preliminary Emancipation Proclamation, which sets a date for the freedom of more than 3 million enslaved in the United States and recasts the Civil War as a fight against slavery. In 1961, President John F. Kennedy signed a congressional act that established the Peace Corps. In 1969, Willie Mays hit his 600th career home run. In 1980, a border conflict between Iran and Iraq developed into a full-scale war.
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