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Weekday news and analysis for retirement plan advisers
Monday, May 02, 2022
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EXCLUSIVES
Fidelity’s Bitcoin 401(k) Offering Prompted a Plan Sponsor to Examine Plan Exposures
Experts say Fidelity Investments could find itself alone among retirement plan investment providers for offering bitcoin as an appropriate investment for inclusion in 401(k) plans.
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IRS Sets Higher 2023 HSA Limits as Inflation Grows
An individual with self-only coverage under a high-deductible health plan can direct a new limit of $3,850 into their health savings account—$200 more than the 2022 cap.
Today’s Most Read
1. IRS Extends Relief on Inherited IRA 10-Year Rule Enforcement
2. Rebutting 7 Retirement Income Concerns
3. Two-thirds of ‘Peak Age’ Boomers Face Retirement Risk
Retirement Industry People Moves
Nationwide hires brokerage annuity distribution leader; LPL Financial names chief product officer and national sales and marketing leader; Schroders appoints senior sub-advisory sales professional; and more.
Workers Remain Optimistic About Retirement
Workers are confident that they will have enough money for basic expenses during retirement.
The Evolving Use of RFPs
The volume has increased, as has what advisers must do to make the finals.
Market Mirror Market Mirror Graph

Friday, the Dow lost 939.18 points (2.77%) to close at 32,977.21, the Nasdaq was down 536.89 points (41,7%) to 12,334.64, and the S&P 500 fell 155.57 points (3.63%) to 4,131.93. The Russell 2000 was down 53.84 points (2.81%) to 1,864.19, and the Wilshire 5000 dropped 1,534.51 points (3.58%) to 41,343.97.

For the week ending April 29, the Dow decreased 2.47%, the Nasdaq fell 3.93%, and the S&P 500 lost 3.27%. The Russell 2000 was down 3.94%, and the Wilshire 5000 finished 3.42% lower

The price of the 10-year Treasury note decreased 8/32 bringing its yield up to 2.929%. The price of the 30-year Treasury note dropped 1 31/32 bringing its yield up to 2.994%.

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