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Weekday news and analysis for retirement plan advisers
Friday, December 22, 2023
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Vestwell Raises $125M to Further Small Plan Push
PA-120621-financial wellness and retirement readiness-id1344611710
The Series D funding round will be used to expand retirement programs for small and emerging businesses, including state-facilitated plans.
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Empower, SPARK Push Back Against Fiduciary Proposal
Their concerns arise from the wide range of sales conversations that take place between recordkeepers and plan sponsors and the potential expansion of fiduciary status to include them.
Today’s Most Read
1. JPMorgan Faces 401(k) Forfeiture Lawsuit
2. Trump Names Acting Secretary for Department of Labor
3. TIAA and Nuveen's Target-Date Annuity Strategies Reach 1 Million Accounts
Product & Service Launches - 12/21/23
Morgan Stanley at Work unveils technology enhancements; John Hancock Investment Management launches active international equity ETF; PGIM releases 4 active ETFs.
Fiduciary 101 for Plan Committees
Advisers give tips on providing fiduciary guidance to retirement plan committees.
Nominate Your 2024 Plan Sponsor of the Year
Nominations can be made to PLANSPONSOR by providers, advisers, consultants, actuaries, attorneys, third-party administrators, employees and colleagues, or plan sponsors can nominate themselves. 
Market Mirror Market Mirror Graph

Thursday, the Dow rose 322.35 points (0.87%) to close at 37,404.35, the Nasdaq rose 185.92 points (1.26%) to close at 14,963.87 and the S&P 500 rose 48.40 points (1.03%) to close at 4,746.75. The Russell 2000 gained 34.23 points (1.73%) to close at 2,017.06, and the FT Wilshire 5000 Index gained 523.38 points (1.10%) to close at 48,063.79.

The 10-year Treasury note decreased 25/32, bringing the yield to 3.892%. The 30-year Treasury bond decreased 30/32, bringing the yield to 4.032%.

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