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Weekday news and analysis for retirement plan advisers
Monday, August 07, 2023
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Retirement Consulting Firm Freedom Fiduciaries Launches PEP
PA-080423-Freedom-Fiduciary-PEP-1415183515-web
The recently formed retirement plan advisory taps Empower as the recordkeeper for the pooled employer plan.
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Retirement Industry People Moves
Ascensus expands NQDC sales team; The Standard promotes Angie Cuthill within individual annuities; Optima names Paul Fletcher head of its new asset and wealth business line; and more.
Today’s Most Read
1. 401(k) Traders Shifting to Fixed Income
2. Who Is Most at Risk for Retirement Savings Shortfall?
3. Supreme Court to Review ERISA Prohibited Transactions
PBGC Reports Program Solvency and Surplus
Industry experts seek scaling back of premiums as the pension insurance agency expects to remain solvent long into the future.
Conference Board: Remote Work Better for Employee Retention
Mandatory return to the office programs make attracting and retaining talent more difficult, according to an annual workplace survey.
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

Friday, the Dow fell 150.27 points (0.43%) to close at 35,065.62, the Nasdaq fell 50.48 points (0.36%) to close at 13,909.24 and the S&P 500 fell 23.86 points (0.53%) to close at 4,478.03. The Russell 2000 fell 3.94 points (0.20%) to close at 1,957.46 and the FT Wilshire 5000 Index fell 233.01 points (0.51%) to close at 45,305.35.

The price of the 10-year Treasury note rose 32/32, bringing the yield to 4.046%. The price of the 30-year Treasury bond rose 1 27/32, bringing the yield to 4.2%.

For the week ending August 4, the Dow fell 0.62%, the Nasdaq fell 1.00% and the S&P 500 fell 1.31%. The Russell 2000 rose 0.13%, and the FT Wilshire 5000 Index finished 2.20% lower.

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