Qualified Plan News Q3 Newsletter

The third quarter of 2025 delivered strong performance across global markets. U.S. equities climbed higher, with the S&P 500 gaining 8.1% for the quarter, led by technology, communication services, and utilities. Small-cap stocks also saw their best quarter in four years, while international and emerging markets outperformed U.S. equities year-to-date, boosted by a weaker dollar.

Fixed income returns were positive as Treasury yields eased slightly, and the Federal Reserve enacted its first rate cut of the year, signaling a gradual path toward lower interest rates.

This issue also explores how employers can leverage Health Savings Accounts (HSAs) alongside high-deductible health plans to help control costs and empower employees with greater flexibility and long-term healthcare savings.

We remain committed to helping plan sponsors and participants navigate evolving markets and make informed financial decisions.

Read the full newsletter here!