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March 24th, 2025
Insight on Plan Design & Investment Strategy Every Weekday
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AWARDS
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2025 Plan Sponsor of the Year Finalists Announced
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PLANSPONSOR is pleased to announce the finalists across the first three categories of the 2025 Plan Sponsor of the Year program. Today, find 12 finalists are from Government DC plans, Nonprofit DC <$200MM, and Nonprofit DC >$200MM. All the finalists are plan sponsors that show an exemplary commitment to their participants’ financial health and retirement success.
The remainder of this year’s 50 finalists, across 12 categories, will be unveiled all week. 
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| ECONOMIC EVENTS |
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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 32.03 points (0.08%) to close at 41,985.35, the Nasdaq rose 92.43 points (0.52%) to close at 17,784.05 and the S&P 500 rose 4.67 points (0.08%) to close at 5,667.56. The Russell 2000 fell 11.65 points (0.56%) to close at 2,056.98, and the FT Wilshire 5000 Index rose 26.18 points (0.05%) to close at 56,595.61.
The 10-year Treasury note decreased 24/32, bringing the yield to 4.258%. The 30-year Treasury bond decreased 28/32, bringing the yield to 4.593%.In the week ending March 21, the Dow rose 1.39%, the Nasdaq fell 2.32% and the S&P 500 rose 0.79%. The Russell 2000 fell 0.90%, and the FT Wilshire 5000 Index finished 0.61% higher.
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DEALS AND PEOPLE
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Retirement Industry People Moves
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Aon announces presidential transition; Morgan Stanley hires new head of OCIO; former US deputy national security adviser rejoins PGIM Fixed Income; and more.
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PRODUCTS
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Product and Service Launches
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October Three expands O3 PRIME retirement plan; JPMorgan U.S. Research Enhanced Large-Cap ETF launches; PensionBee adds Roth and contribution capabilities to mobile app; and more.
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ON THIS DATE: In 1989, the oil tanker Exxon Valdez ran aground, spilling some 11 million gallons of oil into Prince William Sound in Alaska and creating the largest oil spill in U.S. history up to that time. In 1999, a fire began in the Mont Blanc Tunnel, a major Alpine automotive tunnel connecting France and Italy; it took two days to put out the blaze, and 39 people were killed. In 2002, film stars Denzel Washington and Halle Berry became the second and third African Americans to win Academy Awards for performances in leading roles. In 2008, Bhutan held elections for the National Assembly, thereby completing the country’s transition to a democracy. In 2016, Serbian politician Radovan Karadzic was found guilty of committing war crimes, including genocide, during the civil war that followed Bosnia and Herzegovina’s split from Yugoslavia in 1992; he was sentenced to 40 years in prison.
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