January 8th, 2021

Biden Administration Nominates Marty Walsh as Secretary of Labor The second-term mayor of Boston is known for fighting for a higher minimum wage, and for being a long-term union member who is outspoken about the role of collective labor in the U.S. economy. Read more > Franklin Templeton Partners With Vestwell on Adviser Managed Account Platform The solution allows plan sponsors to rethink their default option by choosing an investment model for each employee, rather than a single target-date series. Read more > Frame of Reference Boosting your industry acumen with the help of peers Read more > 2021 Plan Sponsor of the Year Nominations Are Open Do you work with, or know of, a plan sponsor that deserves recognition for going above and beyond? Consider nominating them for a 2021 PLANSPONSOR Plan Sponsor of the Year award. Read more > MOST READ ARTICLES

2020 M&A Dust Settles, Showing Another Record The average deal size grew significantly, as new players have flocked to the retirement advisory and wealth management industry over the past year. Read more > Expanded Plan Access The opportunities for advisers, in pooled employer plans. Read more > Market Mirror Thursday, the Dow closed 211.73 points (0.69%) higher at 31,041.13, the NASDAQ gained 326.69 points (2.56%) to finish at 13,067.48, and the S&P 500 increased 55.65 points (1.48%) to 3,803.79. The Russell 2000 was up 38.96 points (1.89%) at 2,096.89, and the Wilshire 5000 climbed 668.02 points (1.69%) to 40,190.11.   The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.080%. The price of the 30-year Treasury bond decreased 32/32, bringing its yield up to 1.861%.

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