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Weekday news and analysis for retirement plan advisers
Wednesday, March 22, 2023
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Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans
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More than 20% of advisers said clients spend between a quarter and half of their time on plan administrative tasks that could be outsourced.
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Compliance
Ascensus Ugift Program Exceeds $3 Billion in Contributions
The program to allow friends and family to contribute to a beneficiary’s account has seen gift total grow by 50% in slightly more than a year.
Today’s Most Read
1. LPL Terminates CEO Arnold for Violating “Respectful Workplace” Rules
2. Charles Schwab CEO Walt Bettinger to Retire
3. DC Plan Experts See Slow, Steady Progress in Plan Personalization
Proposed SEC Cybersecurity Rule Requires Prompt Notice to Prevent Contagion
The SEC reopened the comment period on its cybersecurity rule last week, in part so advisers can take more time to consider its interactions with other rules.
Plan Sponsors Need Help Communicating Benefits to Employees
Plan sponsors should be aware of the financial literacy levels of their employees and make sure messaging is clear and understandable, according to experts.
SECURE 2.0 Webinar Series: Financial Wellness Benefits
Join PLANSPONSOR, PLANADVISER and a panel of industry experts on March 15, at 2pm ET, as they review SECURE 2.0 provisions related to employee financial wellness; ways plan sponsors can implement new benefits, and how advisers can help them; and how to determine the best benefits for a plan sponsor’s unique employee group.
Market Mirror Market Mirror Graph

Tuesday, the Dow rose 316.02 points (0.98%) to close at 32,560.60, the Nasdaq rose 184.57 points (1.58%) to close at 11,860.11 and the S&P 500 rose 51.59 points (1.31%) to close at 4,003.16. The Russell 2000 gained 32.77 points (1.88%) to close at 1,777.76 and the Wilshire 5000 gained 567.11 points (1.45%) to close at 39,676.96. 

The price of the 10-year Treasury note fell 32/32, bringing the yield to 3.608%. The price of the 30-year Treasury bond fell 1 1/32, bringing the yield to 3.735%.

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