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Weekday news and analysis for retirement plan advisers
Monday, August 08, 2022
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Is the Qualified Professional Asset Manager Exemption in Jeopardy?
One expert attorney says that while a recent regulatory proposal issued by the DOL seems sensible, as it seeks to clarify when and how qualified professional asset managers can work with retirement plans and other ERISA-covered investors, the complexity of the package gives her pause.
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What Mutual Fund Fee Disparities Mean for Retirement Savings
Retail investors generally pay more fees in IRAs than in workplace plans, leading to higher costs and lower long-term savings.
Today’s Most Read
1. IRS Life Expectancy Tables Updated for Retirees
2. Meet Dave Barry, Professional Humorist and Pulitzer Prize Winner
3. The Most ‘Outrageous’ ERISA Complaints Yet Filed?
IRS Extends Plan Amendment Deadlines for SECURE Act Provisions
Deadlines have also been extended to amend plans for certain provisions of the Miners Act and the CARES Act.
Retirement Industry People Moves
CapAcuity appoints new director of marketing, managing director; Mercer Advisors acquires Mallard Advisors; Empower bolsters its brand with legacy name alignment; and more.
Meet Dave Barry, Professional Humorist and Pulitzer Prize Winner
Among his accomplishments, Barry won the Pulitzer Prize for commentary, although he misplaced it for several years, which is why his wife now keeps it in a secure location that he does not know about.
Market Mirror Market Mirror Graph

Friday, the Dow increased 76.65 points (0.23%) to 32,803.47, the Nasdaq closed 63.03 points (0.50%) lower at 12,657.56, and the S&P 500 decreased 6.75 points (0.16%) to 4,145.19. The Russell 2000 closed 15.37 points (0.81%) higher at 1,921.82, and the Wilshire 5000 was down 12.48 points (0.03%) at 41,439.30.

 

The price of the 10-year Treasury note decreased 1 2/32, bringing its yield up to 2.842%. The price of the 30-year Treasury bond fell 1 30/32, increasing its yield to 3.067%.

 

For the week ending August 5, the Dow was down 0.13%, the Nasdaq gained 2.15%, and the S&P 500 increased 0.36%. The Russell 2000 finished 1.94% higher, and the Wilshire 5000 climbed 2.17%.

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