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Weekday news and analysis for retirement plan advisers
Thursday, January 05, 2023
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Recordkeepers Beat Out External Managers for IRA Rollovers
PA-120522-Rollovers Advisors-1277920783-web
While new research finds recordkeepers took the lead for overall rollover count in 2022, IRA providers outside of employer retirement plans kept their dominance for accounts of $250,000 or more.
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Deals & People
Practice Management
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Data & Research
Adviser Product Partnerships
Lincoln Financial expands employer wellness offers to student debt management; Docupace brings new productivity toolkit for advisers; digital bank Green Dot adds cash account from Wealthfront; and more.
Today’s Most Read
1. PEP Pros and Cons
2. Evaluating a Retirement Income ‘Easy Button’
3. NAPA Head Warns of 401(k) Revenue Grab by Policymakers
ERISA Lawsuit Filed Against Ventura Foods
The suit alleges Ventura did not monitor high fees and underperformance of the funds in its investment menu.
SECURE 2.0 Changes Backloading Test for Cash Balance Plans
The retirement reform legislation requires interest credits to be “reasonable” and no higher than 6%.
2023 Plan Sponsor of the Year Nominations Are Open
We need your help recognizing the best advisers and adviser teams in the country. Nominations are now being accepted in six categories: Plan Sponsor Service; Plan Participant Service; Mentorship; Efforts in Diversity, Equity and Inclusion (DEI); Community Impact and Giving Back; and Closing the Coverage Gap. Self-nominations are not allowed, and nominations for the Plan Sponsor Service and Plan Participant Service categories can only come from plan sponsor clients. Nominations close January 15, so make your submission soon.
Market Mirror Market Mirror Graph

Wednesday, the Dow increased 133.40 points (0.40%) to close at 33,269.77, the Nasdaq increased 71.78 points (0.69%) to close at 10,458.76 and the S&P 500 gained 28.83 points (0.75%) to close at 3,852.97. The Russell 2000 gained 21.81 points (1.25%) to end trading at 1,772.54 and the Wilshire 5000 gained 309.24 points (0.82%) to close at 38,209.49. 

The price of the 10-year Treasury note increased 5/32, bringing the yield to 3.687%. The price of the 30-year Treasury bond increased 29/32, bringing the yield to 3.806%. 

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