July 15th, 2019

Labor Secretary Acosta Resigns Amid Controversy President Donald Trump announced Deputy Labor Secretary Patrick Pizzella will replace Acosta’s role in an acting capacity. Read more > EBRI Projects Effect of Retirement Proposals on Retirement Income Adequacy Introducing auto portability and allowing open multiple employer plans (MEPs) were simulated to have the biggest impact on decreasing the retirement income deficit. Read more > Retirement Industry People Moves Insight Investment names portfolio strategist; Ascensus adds RVP to cover northern Texas region; QMA announces chief business officer; and more. Read more > ESOP Opportunities Employers and employees both receive benefits Read more > MOST READ ARTICLES 1 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 2 2023 Retirement Plan Adviser of the Year Finalists 3 With SECURE 2.0, the Cash Balance DB Plan May Be Back 4 Biden’s First Veto Keeps DOL’s ESG Rule in Place 5 Complying With the Custody Rule and the New Custody Proposal

When Sponsors Want a 3(38) Adviser Establishing well-defined ground rules and procedures is key Read more > HCEs Gain From Workplace Advice Retail and retirement plan advisers each have a different expertise Read more > Market Mirror Friday, the Dow rose by 243.95 points (0.90%) to close at 27,332.03, the NASDAQ was up by 48.10 points (0.59%) for a 8,244.14 close, and the S&P 500 was up by 13.86 points (0.46%) for a 3,013.77 finish. The Russell 2000 gained 12.08 points (0.78%) to reach 1,570.00, and the Wilshire 5000 was up by 155.34 points (0.50%) to reach 30,984.92. The price of the 10-year Treasury note was up 2/32, decreasing its yield to 2.177%, and the price of the 30-year Treasury bond was up 3/32, lowering its yield to 2.643%. WEEK’S WORTH: For the week ended July 12, the Dow was up 1.52%, the S&P 500 was up 0.78%, and the NASDAQ gained 1.00%. The Russell 2000 ticked downward by 0.35%, and the Wilshire 500 was up 0.72%.

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