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March 10th, 2025
Insight on Plan Design & Investment Strategy Every Weekday
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Compliance
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Terminated EBSA Probationary Employees Reinstated
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The probationary employees and head of the Department of Labor’s Division of Employee Ownership, who were recently terminated, reportedly received notices that their positions will be reinstated. 
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Investing
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Do ETFs Have a Place in 401(k) Plans?
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Defined contribution plans are seen as the ‘final frontier’ for exchange-traded funds, but certain structural issues pose barriers for including these investments in the 401(k) menu.
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| ECONOMIC EVENTS |
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Friday, total nonfarm payroll employment rose by 151,000 in February, and the unemployment rate changed little at 4.1%, the U.S. Bureau of Labor Statistics reported. Thursday, the Department of Labor will issue its initial jobless claims report, and Freddie Mac will update average mortgage rates for the week.
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| MARKET MIRROR |
Friday, the Dow rose 222.64 points (0.52%) to close at 42,801.72, the Nasdaq rose 126.97 points (0.70%) to close at 18,196.22 and the S&P 500 rose 31.68 points (0.55%) to close at 5,770.20. The Russell 2000 rose 8.93 points (0.43%) to close at 2,075.48, and the FT Wilshire 5000 Index rose 294.09 points (0.51%) to close at 57,564.80.
The 10-year Treasury note decreased 2/32, bringing the yield to 4.301%. The 30-year Treasury bond decreased 1/32, bringing the yield to 4.600%.
In the week ending March 7, the Dow fell 2.37%, the Nasdaq fell 3.45% and the S&P 500 fell 3.10%. The Russell 2000 fell 4.05%, and the FT Wilshire 5000 Index finished 3.29% lower.
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DEALS AND PEOPLE
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Retirement Industry People Moves
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Voya revises workplace solutions leadership; Endeavor Retirement adds Christine Masoni; Lazard names Peter Harrison to the board and more.
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EVENTS
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Register for 2025 PLANSPONSOR National Conference
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Don’t miss the unique cross section of the retirement plan industry and engaging and insightful presentations and panel discussions throughout the conference, taking place at the Chicago Marriott Downtown Magnificent Mile, June 3 – 6, 2025. Find agendas for the half-day immersive workshops and the rest of the event at this link:
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ON THIS DATE: In 1913, in Toledo, Ohio, William Knox became the first bowler to make a perfect score of 300 in an American Bowling Congress tournament. In 1933, soon after Adolf Hitler became chancellor, the first concentration camp in Germany opened in Dachau, where at least 32,000 people would die from disease, malnutrition, physical oppression and execution. In 1969, James Earl Ray pled guilty to murdering American civil rights leader Martin Luther King, Jr., and was sentenced to 99 years in prison. In 2006, NASA’s Mars Reconnaissance Orbiter entered Mars obit and began searching for signs of water on the planet. In 2017, South Korean politician Park Geun-Hye’s presidency ended as the country’s Constitutional Court upheld her impeachment; she became South Korea’s first democratically elected president to be removed from office.
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