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Thursday, August 04, 2022
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The Most ‘Outrageous’ ERISA Complaints Yet Filed?
One fiduciary insurance expert who has long been tracking ERISA litigation says a spate of new complaints filed in recent weeks are the ‘most outrageous’ the industry has ever seen.
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Huntington National Bank, PAi Partner on 401(k) Solution
The new solution will help to promote plan participation and engagement.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. Firefighter Pension Complaint Alleges Insider Trading by United Health Execs, Including Slain CEO
3. 401(k)s and the Courts in 2025
A Conversation with the SEC at PANC 2022
Experienced retirement plan advisers know the Securities and Exchange Commission is a critical regulator for their industry. In September, we’ll sit down with the SEC for a discussion about the Commission's many concurrent priorities.
A Q&A With an Adviser to Advisers
AssetMark’s Matt Matrisian says leading firms in the retirement plan adviser industry are increasingly focused on business management issues, with many shop leaders having to step back from their preferred activity: spending time with clients.
The ‘Why’ Behind CAPTRUST’s First 2022 Acquisition
Rush Benton says the firm’s acquisition pipeline remains full of both large targets that would add significant scale and smaller firms that can be ‘tucked into’ CAPTRUST’s existing regional offices.
Market Mirror Market Mirror Graph

Wednesday, the Dow gained 416.33 points (1.29%) to close at 32,812.50, the Nasdaq jumped 319.40 points (2.59%) to 12,668.16 and the S&P 500 increased 63.98 points (1.56%) to close at 4,155.17. The Russell 2000 was up 26.48 points (1.41%) to 1,908.93 and the Wilshire 5000 gained 664.43 points (1.63%) to close at 41,491.30.

The price of the 10-year Treasury note increased 4/32 bringing its yield down to 2.705%. The price of the 30-year Treasury bond gained 1 2/32 brining its yield down to 2.947%.

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