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Weekday news and analysis for retirement plan advisers
Tuesday, February 21, 2023
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Employers Working to Address Growing Concerns for Emergency Saving
PA-021723-Emergency-Savings-1192257645-web
HR leaders are struggling to manage the array of employee stressors related to a lack of emergency funds.
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Social Security Expansion Act Would Guarantee Solvency for 75 Years
The Democrat-sponsored bill has been referred to the Republican-controlled House Committee on Ways and Means.
Today’s Most Read
1. It’s Time to Rethink Retirement, Says T. Rowe Price
2. ERISA Council Signals More Work Needed for Retirement Income Products in QDIA
3. Enhancing the Retirement Plan Digital Experience
Senator Pushes For Crypto Option in 401(k) Plans
Republican Senator Tommy Tuberville reintroduced a bill pushing back on DOL guidance that limits 401(k) providers offering crypto in plans.
Retirement Industry People Moves
DCIIA votes in 2023 committee members; Aon adds personnel to pooled employer plan sales group; TIAA adds wealth distribution head; and more.
SECURE 2.0 Has Passed. Now What? 
Join PLANSPONSOR, PLANADVISER and industry experts for a webinar on February 22 as we discuss the impact many provisions in the SECURE 2.0 legislation will have on plan sponsors and participants; a timeline for the issuance of new rules and regulation effective dates; and what actions plan sponsors must take now to comply with the law. 
Market Mirror Market Mirror Graph

Friday, the Dow increased 129.84 points (0.39%) to close at 33,826.70, the Nasdaq decreased 68.56 points (0.58%) to close at 11,787.27 and the S&P 500 decreased 11.32 points (0.28%) to close at 4,079.09. The Russell 2000 increased 4.14 points (0.21%) to close at 1,946.36 and the Wilshire 5000 decreased 119.10 points (0.29%) to close at 40,819.65.

The price of the 10-year Treasury note increased 3/32, bringing the yield to 3.822%. The price of the 30-year Treasury bond increased 30/32, bringing the yield to 3.871%.

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