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Weekday news and analysis for retirement plan advisers
Thursday, March 23, 2023
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Americans Appear Committed to Preserving Retirement Savings Despite Market Volatility
PA-032123-ICI-Research-1183505241-web
Only 2.5% of DC plan participants halted contributions to their plans in 2022.
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In Face of Volatility, Diversity Rules in Retirement Plan Menus
Experts discuss how to diversify—and remain calm—despite the headlines.
Today’s Most Read
1. Infosys Breach From 2023 Exposed Personal Data of 6 Million People
2. Voya to Acquire OneAmerica’s Retirement Plan Business
3. How Recordkeepers Can Stay Competitive
EBSA Provides More Time for QPAM Exemption Proposal Comments
The proposed changes to the QPAM exemption can now receive public comment until April 6.
Powell Says Lowering Inflation to 2% Is ‘Likely to Be Bumpy’
Federal Reserve Chairman Jerome Powell reiterated the Fed’s commitment to lowering inflation.
Edelman Financial Engines Announces Neil Gilfedder as CIO
Gilfedder received an internal promotion effective March 1, having been with the firm since 2014. 
Market Mirror Market Mirror Graph

Wednesday, the Dow lost 530.49 points (1.63%) to close at 32,030.11, the Nasdaq lost 190.15 points (1.60%) to close at 11,669.96 and the S&P 500 lost 65.90 points (1.65%) to close at 3,936.97. The Russell 2000 decreased 50.38 points (2.83%) to close at 1,727.36 and the Wilshire 5000 decreased 705.66 points (1.78%) to close at 38,969.05.

The price of the 10-year Treasury note decreased 5/32, bringing the yield to 3.444%. The price of the 30-year Treasury bond decreased 3/32, bringing the yield to 3.655%.

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