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Weekday news and analysis for retirement plan advisers
Monday, March 13, 2023
Exclusives | Awards | Research | Events
White House Budget Proposal Increases Funding for DOL Enforcement Actions
PA-03102023-Biden budget spending items
President Joe Biden’s proposal for fiscal 2024 also provides Social Security Administration, IRS with more money to improve customer service.
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Deals & People
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Data & Research
Retirement Industry People Moves
T. Rowe Price announces Shen as Chief Data Officer; New York Life Appoints Tillotson as Chief Compliance Officer; O’Brien named head of portfolio management at Insight Investment; and more.
Today’s Most Read
1. 2023 PLANADVISER Top Retirement Plan Advisers
2. 2023 PLANADVISER Top Retirement Plan Advisers
3. Why 529 Education Savings Plans Are More Valuable Than Ever
EBSA Announces Three-Part Webinar Series on Fiduciary Duties
The webinars will cover retirement plans and group health plans.
Managing Investment Risk in Chinese Assets
An expert panel hosted by CII discussed the risks of investing in China and what it means for retirement plan investment selection.
Don’t Miss the “State of the Industry” With the DOL
The PLANSPONSOR National Conference offers a rare chance for plan sponsors and advisers to hear directly from the head of the agency responsible for enforcing the provisions of ERISA! Lisa M. Gomez, the assistant Secretary of Labor for the DOL’s Employee Benefits Security Administration, will discuss recent developments in the retirement plan industry, what’s in flux and what the future might hold.  
Market Mirror Market Mirror Graph

Friday, the Dow lost 345.22 points (1.07%) to close at 31,909.64, the Nasdaq lost 199.47 points (1.76%) to close at 11,138.89 and the S&P 500 lost 56.73 points (1.45%) to close at 3,861.59. The Russell 2000 decreased 53.88 points (2.95%) to close at 1,772.70 and the Wilshire 5000 decreased 670.88 points (1.72%) to close at 38,379.18.

The price of the 10-year Treasury note increase 1 29/32, bringing the yield to 3.705%. The price of the 30-year Treasury bond increased 2 27/32, bringing the yield to 3.710%.

For the week ending March 3, the Dow lost 4.44%, the Nasdaq lost 4.71% and the S&P 500 decreased 4.55%. The Russell 2000 decreased 8.07% and the Wilshire 5000 finished 5.12% lower.

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