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Weekday news and analysis for retirement plan advisers
Monday, February 28, 2022
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Principal Marks Completion of Wells Trust and Custody Business
With the acquisition’s completion, Principal Custody Solutions can now serve institutional clients of all sizes with both retirement and non-retirement custodial and trust solutions.
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Retirement Industry People Moves
OneDigital reveals latest acquisition; Alerus names new senior retirement specialist; WTW appoints global head of credit, manager research; and more.
Today’s Most Read
1. 2023 Retirement Plan Adviser of the Year Finalists
2. Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
3. With SECURE 2.0, the Cash Balance DB Plan May Be Back
Analyzing Retirement Industry Cybersecurity Risks and Best Practices
A certain famous bank robber is said to have explained that he robbed banks because ‘that’s where the money is.’ As of the end of 2021, U.S. retirement plans now have a significant amount of money, with more than $37 trillion of assets.
Virtual Adviser Meetings: Here To Stay or Soon To Go?
Advisers review the main pros and cons of digital meetings and discuss whether or not they will become a permanent fixture.
Lawsuit Questions Use of Revenue Sharing by Ricoh USA
According to the complaint, participants in the company’s 401(k) plan were harmed by paying higher fees than participants in similarly sized plans.
The Virtual Reality
Most plans offer digital access, yet participant engagement lags—what can advisers do?
Market Mirror Market Mirror Graph

Friday, the Dow climbed 834.92 points (2.51%) to 34,058.75, the Nasdaq gained 221.04 points (1.64%) to finish at 13,694.62, and the S&P 500 closed 95.95 points (2.24%) higher at 4,384.65. The Russell 2000 added 44.92 points (2.25%) to close at 2,040.93, and the Wilshire 5000 climbed 959.38 points (2.22%) to 44,260.18.

The yield for the 10-year Treasury note was 1.969%, and the yield for the 30-year Treasury bond was 2.283%.

For the week ending February 25, the Dow fell 0.74%, the Nasdaq finished 0.16% lower, and the S&P 500 increased 0.10%. The Russell 2000 gained 0.63%, and the Wilshire 5000 was up 0.02%.

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