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Weekday news and analysis for retirement plan advisers
Thursday, June 22, 2023
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In Practice
New 401(k) Plan Market Offers ‘Blue Ocean’ for Retirement Advisers
PA-062023-Small-Plan-Push-1365587257-web
Vestwell’s director of plan design makes the case for advisers to work on small plans, while Sallus Retirement growth officer notes advisers can leverage PEPs for business growth. 
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Compliance
Anti-ESG Bill Would Require Only Pecuniary Factors to Be Considered
Kentucky Representative Andy Barr introduced a bill aimed at returning investment regulations to a Trump-era standard.
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
July Acquires Sunwest Pensions to Expand National Presence
The 401(k) provider continues its PE-backed acquisition strategy by booking its fourth deal of the year. 
One-Quarter of Pre-Retirees Expect to Delay Retirement, According to Nationwide
An additional 15% are unsure if they will ever be able to retire.
Adviser Product Partnership
Kashable, SecureSave deliver financial benefits to employers; Vistria, Kohlberg announce strategic partnership with USRBP; Viu by HUB, Unison to simply homeowner insurance; and more.
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 102.35 points (0.30%) to close at 33,951.52, the Nasdaq fell 165.10 points (1.21%) to close at 13,502.20  and the S&P 500 fell 23.02 points (0.52%) to close at 4,35.69. The Russell 2000 fell 3.68 points (0.20%) to close at 1,863.01, and the FT Wilshire 5000 Total Market Index fell 231.83 points (0.52%) to close at 44,021.23.

The price of the 10-year Treasury note was unchanged, bringing the yield to 3.726%. The price of the 30-year Treasury bond rose 1/32, bringing the yield to 3.809%.

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