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Weekday news and analysis for retirement plan advisers
Monday, June 05, 2023
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Special Coverage: Retirement Income
In this month’s PLANADVISER special coverage, we look at the past, present, and future of retirement income.
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Retirement Industry People Moves
NFP hires Perkins as SVP, Cochrane to lead Hub International non-profit specialty, and OneDigital names Fong VP.
Today’s Most Read
1. Infosys Breach From 2023 Exposed Personal Data of 6 Million People
2. Voya to Acquire OneAmerica’s Retirement Plan Business
3. How Recordkeepers Can Stay Competitive
Vestwell Partners With Payroll Provider Gusto on Integrated 401(k)
The offering is geared toward businesses and state auto-IRA programs. 
Court Dismisses O'Reilly Auto Excessive Fee Lawsuit
A district court judge dismissed a case brought by six former employees claiming the auto parts company allowed 401(k) participants to pay excessive recordkeeping and investment fees.
Who’s to Blame?
Lack of precedent in cyberfraud suits makes some answers unclear.
Market Mirror Market Mirror Graph

Friday, the Dow rose 701.69 points (2.12%) to close at 33,762.76, the Nasdaq rose 139.78 points (1.07%) to close at 13,240.77 and the S&P 500 rose 61.35 points (1.45%) to close at 4,282.37. The Russell 2000 gained 62.97 points (3.60%) to close at 1,830.91, and the Wilshire 5000 was unavailable Friday. It last updated May 31 after the market close. 

The price of the 10-year Treasury note rose 30/32, bringing the yield to 3.702%. The price of the 30-year Treasury bond  rose 1 2/32, bringing the yield to 3.888%.

For the week ending June 2, the Dow rose 2.02%, the Nasdaq rose 2.04% and the S&P 500 gained 1.83%. The Russell 2000 rose 3.31%, and the Wilshire 5000 finished 1.49% lower, as of market close May 31.

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