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Weekday news and analysis for retirement plan advisers
Thursday, August 10, 2023
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Smaller Plan Sponsors More Likely to Default to TDF that Moves to Managed Accounts
PA-080923-Hybrid-QDIA-for-Small-Plans-1226291982-web
A hybrid QDIA solution that transfers participants from a TDF into a managed account can be a hard sell, say plan advisers, but there is traction among smaller plan sponsors with less litigation risk.
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Empower Workplace Assets Rise 13% Through Q2, Personal Wealth Jumps 28%
CEO Ed Murphy says rollover capture also increased year-over-year in the quarter for assets with an average of about $100,000.

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
Vanguard, J.P. Morgan, BlackRock Lead Fund Flows in First Half
Vanguard and BlackRock saw gains from passive mutual fund and ETF management, with JP Morgan gaining on active, according to Simfund data.
New SEC Cybersecurity Rule a ‘Business Problem,’ Not Just IT or Legal, According to Experts
The new disclosure requirements for public companies will require time and resources to meet cybersecurity needs.
Keep it Simple: Innovations in Small Plan Advisement, Management
Advisers and small plan 401(k) providers explain how the industry has evolved to do more—but make it feel like less—for smaller businesses.
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 191.13 points (0.54%) to close at 35,123.36 the Nasdaq fell 162.31 points  (1.17%) to close at 13,722.02 and the S&P 500 fell 31.67 points (0.70%) to close at 4,467.71. The Russell 2000 fell 16.65 points (0.86%) to close at 1,930.77 and the FT Wilshire 5000 Index fell 327.02 points (0.72%) to close at 45,135.25 on Tuesday and has not updated since Tuesday.

The price of the 10-year Treasury note rose 2/32, bringing the yield to 4.014%. The price of the 30-year Treasury bond rose 6/32, bringing the yield to 4.174%.

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