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Weekday news and analysis for retirement plan advisers
Thursday, April 07, 2022
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COMPLIANCE
Attorney: Proposed Changes to RMDs From 403(b)s ‘A Big Deal’
Currently, the RMD rules applicable to individual retirement accounts apply to section 403(b) contracts. As David Levine, principal at Groom Law Group, Chartered, explains to PLANADVISER, that means a participant doesn’t have to take his RMD amount from each 403(b) contract he has, but can take calculated amounts from any one plan account.
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Wells Fargo Agrees to Pay $32.5 Million to Settle ERISA Suit
The lawsuit accused Wells Fargo of using its 401(k) plan to seed new proprietary funds, among other things.
Today’s Most Read
1. NQDC Plans Increasingly Used to Try and Draw, Retain Execs
2. Wait, SECURE 2.0 Might Not Pass?
3. AARP Finds Major Gap Between Retirement Goals and Preparedness
An Objectivity Lesson
The more objective the presentation, the less likely it will seem like advice.
Little-Known Risk Threatens Baby Boomers Golden Years
Though their solutions and strategies vary, advisers agree that sequence of returns risk can devastate a retirement portfolio.
The Potential Impact of 401(k) Loan Default Protection
Research from the Employee Benefit Research Institute shows 401(k) plan loan defaults that occur as a result of job changes or terminations are a significant, but addressable, source of retirement account leakage.
Market Mirror Market Mirror Graph

Wednesday, the Dow closed 144.67 points (0.42%) lower at 34,496.51, the Nasdaq lost 315.35 points (2.22%) to finish at 13,888.82, and the S&P 500 decreased 43.97 points (0.97%) to 4,481.15. The Russell 2000 was down 29.11 points (1.42%) at 2,016.94, and the Wilshire 5000 fell 538.63 points (1.18%) to 44,968.39.

The price of the 10-year Treasury note decreased 25/32, bringing its yield up to 2.597%. The price of the 30-year Treasury bond fell 29/32, increasing its yield to 2.614%.

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