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Thursday, March 24, 2022
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Awards
2022 Plan Adviser of the Year Finalists Announced!
This year, the editorial team at PLANADVISER has made some key changes to the Retirement Plan Adviser of the Year Awards, starting with the fact that the award is now issued by the PLANADVISER publication, whereas formerly it was issued by PLANSPONSOR. In addition, the 2022 awards are being issued in six brand new categories. See the first batch of finalists here! 
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Today’s Most Read
1. Financial Security First
2. SEC’s 2025 Exam Priorities Include Fiduciary Conduct, AI Use
3. World Investment Advisors Starts Custodial Relationship With Raymond James
Jury Rules in Favor of SEC in Federal Employee Fraud Case
An Atlanta-area broker was accused by the regulator of fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan retirement account into higher-fee, variable annuity products.
Research Finds Positive Retirement Savings Behavior After Financial Wellness Webinars
401(k) plan participants of different age and contribution rate cohorts had differing responses to attending the webinars, an issue brief from the Employee Benefit Research Institute says.
Court Allows Nationwide ERISA Suit to Proceed
The complaint says the defendants failed to negotiate contractual terms for the firm’s 401(k) plan’s guaranteed investment fund that were comparable to the terms they negotiated on behalf of the company’s pension.
Pensionmark CEO on World Insurance Acquisition Mechanics
According to Pensionmark CEO Troy Hammond, the advisory network’s acquisition by World Insurance Associates is structured to allow its advisers to maintain ownership of their business but also to become owners of a bigger entity.
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 448.96 points (1.29%) to 34,358.50, the Nasdaq was lowered 186.21 points (1.32%) to close at 13,922.60, and the S&P 500 was down 55.37 points (1.23%) to 4,456.24. The Russell 2000 finished down 36.14 points (1.73%) to 2,052.21, and the Wilshire 5000 decreased 566.81 points (1.25%) to 44,924.42.  

The price of the 10-year Treasury note was up 30/32 bringing its yield up to 2.294%. The price of the 30-year Treasury note increased 2 26/32 bringing its yield up to 2.481%. 

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