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Weekday news and analysis for retirement plan advisers
Tuesday, March 28, 2023
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In Practice
Retirement Advisers See Increased Scrutiny on Fees, Services
PA-032723-RFP-Adviser-Requests-Are-Up
Requests for proposal from plan sponsors for DC advisory services are on the uptick, according to industry players.
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Government Plans Face Unique Challenges With SECURE 2.0 Implementation
Catch-ups for those aged 60 to 63 and a mandatory Roth source for HCE catch-ups will be problematic for many, but especially for government plans.
Today’s Most Read
1. Vestwell Adds TIAA Lifetime Income Offering
2. Salesforce Settles 401(k) Suits for $1.35M
3. Alera Group Acquires $24B Advanced Capital Group
EBRI Selects Barb Marder of Mercer as New CEO
Barb Marder moves from leadership positions at Mercer to be the new president and CEO of EBRI.
John Hancock Names Former Personal Finance Exec to Lead Retirement Business
Wayne Park is leaving American Century Investments to lead John Hancock's retirement plan and recordkeeper business.
New Plan Creation Under SECURE 2.0
Join PLANSPONSOR, PLANADVISER and a panel of industry experts as we discuss SECURE 2.0 provisions related to the creation of new retirement plans; why existing plan sponsors should care about the rules for newly created plans; and how SECURE 2.0 can assist advisers and employers in closing the retirement plan coverage gap.
Market Mirror Market Mirror Graph

Monday, the Dow gained 194.55 points (0.60%) to close at 32,432.08, the Nasdaq lost 55.12 (0.47%) to close at 11,768.87 and the S&P 500 gained 6.54 points (0.16%) to close at 3,977.53. The Russell 2000 gained 18.75 points (1.08%) to close at 1,753.67 and the Wilshire 5000 gained 116.10 points (0.30%) to close at 39,375.45.

The price of the 10-year Treasury note decreased 1 26/32, bringing the yield to 3.543%. The price of the 30-year Treasury bond decreased 2 1/32, bringing the yield to 3.770%.

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