We also expect increases in technology and travel spend resulted in a projected increase in fixed operating expenses of approximately 5% in 2023.

Feb 1, 2023 / CFO / receipt, needs a key / CJ Daley, CFO | earnings call 2023-02-01 | transcript acc8a927-d8f4-45c6-9b3a-fdc254a5b61e | chars 15780-15925 | segment 15

Expenses rose 2%, primarily due to higher incentive compensation, travel, and administrative expenses.

Feb 2, 2022 / CFO / receipt, needs a key / CJ Daley, CFO | earnings call 2022-02-02 | transcript cfad9029-5573-4c18-b598-458c927b7cf2 | chars 12582-12684 | segment 12

In addition, we expect travel expense at some point will revert to pre-pandemic levels, but as of now, it hasn't.

Feb 2, 2022 / CFO / receipt, needs a key / CJ Daley, CFO | earnings call 2022-02-02 | transcript cfad9029-5573-4c18-b598-458c927b7cf2 | chars 15901-16014 | segment 16