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March 29th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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AWARDS
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More Plan Sponsor of the Year Finalists Announced!
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PLANSPONSOR is pleased to announce the 2023 Plan Sponsor of the Year finalists in the Corporate DC <25MM and Corporate DC $25MM to $150MM categories. Stay tuned for more announcements this week. 
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DEALS AND PEOPLE
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Retirement Industry People Moves
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UBS Asset Management appoints Shamaila Khan as head of fixed income for emerging markets and Asia Pacific, FuturePlan by Ascensus appoints Jeff Cricenti as sales divisional vice president, KKR names Paula Roberts chief investment strategist for private wealth and more.
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| ECONOMIC EVENTS |
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The Conference Board Consumer Confidence Index increased slightly in March to 104.2, up from 103.4 in February. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased to 151.1 from 153.0 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—ticked up to 73.0 from 70.4 in February
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| MARKET MIRROR |
Tuesday, the Dow fell 37.83 points (0.12%) to close at 32,394.25, the Nasdaq fell 52.76 points (0.45%) to close at 11,716.08 and the S&P 500 fell 6.26 points (0.16%) to close at 3,971.27. The Russell 2000 lost 1.04 points (0.06%) to close at 1,752.63 and the Wilshire 5000 lost 56.79 points (0.14%) to close at 39,318.14.
The price of the 10-year Treasury note decreased 3/32, bringing the yield to 3.567%. The price of the 30-year Treasury bond decreased 2/32, bringing the yield to 3.772%.
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ON THIS DATE: In 1867, with the British North America Act, the British colonies of Nova Scotia, New Brunswick and Canada were united as the Dominion of Canada. In 1918, American entertainer Pearl Bailey was born. In 1951, Julius and Ethel Rosenberg were found guilty of espionage and were sentenced to death for turning over U.S. military secrets to the Soviet Union. In 1961, the Twenty-third Amendment was certified, allowing residents of Washington, D.C., to vote in presidential elections. In 1973, American troops evacuated Saigon (Ho Chi Minh City) as the United States ended its involvement in the Vietnam War. In 1999, Canadian ice hockey player Wayne Gretzky scored the final goal of his career. He retired at the end of the season and remains the NHL’s all-time leader in goals. In 2019, French filmmaker Agnes Varda, whose movies were hugely influential in the New Wave movement, died at age 90.
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| Industry Intel Roundup—Featured Webinars | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. |  | | September 19, 2024 | | Financial Wellness | | Plan sponsors, advisers and policy experts will offer suggestions for how best to define and measure the financial wellness of participants and drive financial confidence. The panel will also review how they evaluate the myriad new offerings appearing as a result of the voluntary benefits provisions of SECURE 2.0. Attendees will come away with tangible metrics for determining which programs will offer the most useful and valuable programs for their employees. |
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| | | | | December 12, 2024 | | Plan Benchmarking | | How do plan sponsors determine the right goals for their plans or measure plan success? What tools are available to benchmark retirement plans? What should plans be measuring and how often? What kinds of actions or improvements can measurements drive? These questions and more will be answered in PLANSPONSOR’s final editorial webinar of 2024. |
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