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Thursday, August 03, 2023
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Paychex PEP Doubles in Past Year, Driven by Small Plan Startups
PA-080223-Paychex-Startups-Go-to-PEP-1369028627-web
The payroll and small 401(k) provider has signed 25,000 plans to its PEP.
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73% of 401(k) Savers Would Like Personalized Investment Advice
Calculating the amount needed for retirement and identifying a retirement income stream are among the top needs for workplace savers, according to Schwab’s annual 401(k) participant survey.
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
Epic Snags Recordkeeper Retirement Direct
Meanwhile, workplace retirement and benefits aggregator Mercer picks up $720M wealth manager.
Adviser Product Partnerships
RIA Burney gives Goldman Advisor Solutions another win; LPL advisers now have access to PreciseFP client engagement tools; Cetera adds YChart research and communications platforms.
Hone Your Client Engagement Tactics at the 2023 PLANADVISER National Conference
Studies show that 85% of success in life is due to people skills, yet they are some of the most difficult skills to develop. Join us at this year’s PLANADVISER National Conference for an interactive presentation by personality expert Betsy Allen-Manning, Founder of Corporate Culture Training Solutions, who will break down personality styles and give guidance on how to work best with clients and colleagues.
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 348.16 points (0.98%) to close at 35,282.52 the Nasdaq fell 310.47 points (2.17%) to close at 13,973.45 and the S&P 500 fell 63.34  points (1.38%) to close at 4,513.39. The Russell 2000 fell 27.33 points (1.37%) to close at 1,966.83 and the FT Wilshire 5000 Index fell 658.78 points (1.42%) to close at 45,654.71.

The price of the 10-year Treasury note fell 5/32, bringing the yield to 4.092%. The price of the 30-year Treasury bond fell 1 4/32, bringing the yield to 4.184%.

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