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Weekday news and analysis for retirement plan advisers
Friday, December 29, 2023
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Product & Service Launches – 12/28/23
Victory Capital adds VictoryShares Small Cap Free Cash Flow ETF; Alpha Blue Capital Management LP enters Active ETF Space; KKR Income Opportunities Fund Q3 2023 investor recorded webinar now available.
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Editor's Note
During this holiday week, we are sharing some of the best of PLANADVISER from 2023. Today, we highlight some of our most read stories of the year.
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
MOVEit Hack Brings Vendor Assessment to Forefront
SPARK Institute members provide guidance on how advisers can both prepare for and respond to participant data concerns stemming from nationwide breach.
Managed Accounts vs. TDFs: Is the MA Cost to Participants Worth It?
Advisers discuss the values of MAs vs. TDFs as Principal launches a dynamic QDIA that defaults participants into managed accounts.
ChatGPT Sentiment Analysis Significantly Outperforms Stock Market Average
University of Florida researchers found that using ChatGPT to analyze stocks outperformed the market average.
A ‘Slam Dunk’: 401(k) Auto-Portability Network Nears Live Date
A program starts in October giving plan sponsors the option for terminated small plans to automatically port to active 401(k)s if within a network of recordkeepers.
Gen X, the First 401(k) Generation, Is Least Prepared for Retirement
Gen Xers entered the workforce as pensions were fading and 401(k) plans were ‘primitive.’ Now they are closest to retirement but feel least ready for it, according to Transamerica research.
Empower CEO Expects Continued Recordkeeper Consolidation
Edmund Murphy discussed Empower’s push into wealth management and building brand name recognition during investor day.
Infosys Cybersecurity Event Disrupting Recordkeeper, Insurance Platforms
T. Rowe Price, Vanguard, Principal, and Ascensus note ongoing system issues due to cybersecurity problem at US-based division of Infosys.
73% of 401(k) Savers Would Like Personalized Investment Advice
Calculating the amount needed for retirement and identifying a retirement income stream are among the top needs for workplace savers, according to Schwab’s annual 401(k) participant survey.
Small Businesses and SECURE 2.0: Exemptions and Tax Credits
SECURE 2.0 offers tax credits to create plans, as well as to join existing PEPs and MEPs.
Franklin Templeton to Acquire Putnam for $925 Million
The deal would boost Franklin’s defined contribution asset management to $90 billion in AUM, while Great-West, parent of Empower, will gain a stake in Franklin.
Market Mirror Market Mirror Graph

Thursday, the Dow rose 53.58 points (0.14%) to close at 37,710.10, the Nasdaq fell 4.04 points (0.03%) to close at 15,095.14 and the S&P 500 rose 1.77 points (0.04%) to close at 4,785.35. The Russell 2000 fell  7.88 points (0.38%) to close at 2,058.34, and the FT Wilshire 5000 Index rose 7.50 points (0.015%) to close at 48,497.64.

The 10-year Treasury note fell 4/32, bringing the yield to 3.848%. The 30-year Treasury bond fell 8/32, bringing the yield to 3.998%. 
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