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PLAN DESIGN | Plan Assets
When ‘Herding’ Helps
When ‘Herding’ Helps
Amassing all prior-plan assets in one’s new plan aids the saver and plan.
Investment Product and Service Launches
BNY Mellon to launch first active ETF solutions; AFL-CIO collaborates with multiple entities to distribute CIT funds; and Fidelity files for registration of Bitcoin ETF.
Most Read
2022 Plan Sponsor of the Year
Delivering Robust Retirement Communication and Education on a Budget
2021 Recordkeeping Survey
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Economic Events
Interest on a 30-year fixed-rate mortgage averaged 3.17% for the week ending March 25, up from last week when it averaged 3.09%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.50%. Interest on a 15-year fixed-rate mortgage averaged 2.45%, up from last week when it averaged 2.40%. A year ago at this time, the 15-year FRM averaged 2.92%.

In the week ending March 20, the advance figure for seasonally adjusted initial claims for unemployment insurance was 684,000, a decrease of 97,000 from the previous week’s revised level of 781,000, the Labor Department reported. The four-week moving average was 736,000, a decrease of 13,000 from the previous week’s revised average of 749,000.
Market Mirror
Thursday, the Dow closed 199.42 points (0.62%) higher at 32,619.48, the Nasdaq was up 15.79 points (0.12%) at 12,977.68, and the S&P 500 increased 20.38 points (0.52%) to 3,909.52. The Russell 2000 climbed 48.86 points (2.29%) to 2,183.12, and the Wilshire 5000 gained 272.95 points (0.67%) to finish at 41,067.12.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.628%. The price of the 30-year Treasury bond decreased 30/32, bringing its yield up to 2.353%.
BlackRock Agrees to Settle ERISA Dispute
The underlying lawsuit questions fees paid by participants in BlackRock’s own retirement plan.
The Right Plan Auditor
To find the firm that can best service your plan, consider conducting a request for proposals.
Small Talk
ON THIS DATE: In 1804, Congress ordered the removal of Indians east of the Mississippi to Louisiana. In 1804, the Louisiana Purchase was divided into the District of Louisiana and the Territory of Orleans. In 1898, in South Africa, the world’s first game reserve, the Sabi Game reserve, was designated. In 1942, Germany began sending Jews to Auschwitz in Poland. In 1945, the battle of Iwo Jima ended. In 1953, American medical researcher Dr. Jonas Salk announced on a national radio show that he had successfully tested a vaccine against poliomyelitis, the virus that causes the crippling disease of polio. In 1972, the Los Angeles Lakers broke a National Basketball Association (NBA) record by winning 69 of their 82 games. In 1979, in a ceremony at the White House, Egyptian President Anwar el-Sadat and Israeli Prime Minister Menachem Begin signed an historic peace agreement, ending three decades of hostilities between Egypt and Israel and establishing diplomatic and commercial ties. In 1982, groundbreaking ceremonies were held in Washington, D.C., for the Vietnam Veterans Memorial. In 2007, the design for the “Forever Stamp” was unveiled by the U.S. Postal Service.

And now it’s time for some FRIDAY FUN!
This dog is a dribbler!

The tugboat is here to help. Ooops!

In Sparta, Tennessee, a man learned that he won a drawing with all matching numbers on a lottery ticket worth $1,178,746. He had several errands to run that same day. According to the Associated Press, within an hour of running errands, he went from elated to panicked because he realized he didn’t have the winning ticket anymore. He retraced his steps and must have felt like he won twice when he found the ticket in an auto parts store parking lot. The amazing thing is it was a blustery day and the ticket didn’t blow away. “It’s a million-dollar ticket, and someone stepped right over it,” Slatten said, according to the news report.

Have a wonderful weekend!
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