Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 5th, 2019
Industry Reacts Positively to DOL’s Association Retirement Plan Rule
While there is some disappointment that it did not include a provision for open MEPs, any option that could appeal to small businesses to offer a retirement plan is seen as a positive. Read more >
Capital One’s All-ETF Digital 401(k) Business Goes Independent
The focus of the new company, ShareBuilder 401k, will be on expanding coverage among small companies, says the president of the company. Read more >
FPS Group Expands IPX Platform to Handle IRAs
The product bundles complete custody, recordkeeping, administration and portfolio maintenance of IRAs. It can be paperless and resides in a cloud-based environment. Read more >
Retirement Industry People Moves
Franklin Templeton Adds National DC Consultant; Schroders Grows West Coat Presence with Two Hires; Voya Hires Regional VP of Sales; and more. Read more >
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
Biden’s First Veto Keeps DOL’s ESG Rule in Place
2023 Retirement Plan Adviser of the Year Finalists
Experts Predict Major Growth in Retirement Coverage, Benefits
Complying With the Custody Rule and the New Custody Proposal
Company Matches on the Rise
More than 2/3 of employers now sweeten the pot to help workers save Read more >
A Precipitous Drop in ETF Flows
BlackRock and Vanguard ETFs still lead, but mutual funds eclipse them Read more >
Market Mirror
Friday, the Dow was down 98.41 points (0.37%) at 26,485.01, the NASDAQ fell 107.05 points (1.32%) to 8,004.07, and the S&P 500 decreased 21.51 points (0.73%) to 2,932.05. The Russell 2000 lost 17.11 points (1.10%) to finish at 1,533.66, and the Wilshire 5000 closed 256.04 points (0.84%) lower at 30,120.85.   The price of the 10-year Treasury note was up 5/32, decreasing its yield to 1.845%. The price of the 30-year Treasury bond increased 1 5/32, bringing its yield down to 2.377%.   WEEK’S WORTH: For the week ending August 2, the Dow was down 2.60%, the NASDAQ fell 3.92%, and the S&P 500 finished 3.10% lower. The Russell 2000 decreased 2.87%, and the Wilshire 5000 lost 3.29%.
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