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Thursday, August 31, 2023
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Compliance
DOL Beats ForUsAll Crypto Suit
PA-083023-DOL-Wins-Crypto-Suit-1494229476-web
A federal court ruled there was no legal basis for complaints challenging the DOL’s compliance bulletin cautioning use of cryptocurrency in retirement plans.
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Compliance
TPA Strongpoint Partners Adds Pension Financial Services to Network
Strongpoint will have more than 4,000 plans and $7B in assets under administration with the deal.
Today’s Most Read
1. Fidelity Data Breach Exposed Info of 77,000 Clients
2. Who Is Most at Risk for Retirement Savings Shortfall?
3. 401(k) Traders Shifting to Fixed Income
Adviser Product Partnerships
IPX Retirement partners with benefits provider and advisory on plan solutions; FIDx adviser partnerships lead to $1B in annuity contracts; Integrity partners with Community Care Agency on benefits for Asian American Seniors.  
RiXtrema Launches AI-Driven 401(k) Client Engagement Tool
401kAI leverages artificial intelligence to analyze and summarize retirement plans and generate custom pitches, according to the technology firm.
Stumbling Blocks for 401(k) Startups
Small plan options abound for employers, so why do only 34% of small businesses offer workplace retirement plans?
Market Mirror Market Mirror Graph

Wednesday, the Dow rose 37.57 points (0.11%) to close at 34,890.24, the Nasdaq rose 75.55 points (0.54%) to close at 14,019.31 and the S&P 500 rose 17.24 points (0.38%) to close at 4,514.87. The Russell 2000 gained 7.67 points (0.40%) to close at 1,903.21, and the FT Wilshire 5000 Index gained 185.35 points (0.41%) to close at 45,521.29.

The 10-year Treasury note increased 23/32, bringing the yield to 4.108%. The 30-year Treasury bond increased 2/32, bringing the yield to 4.222%.

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