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Weekday news and analysis for retirement plan advisers
Thursday, May 27, 2021
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Advisers Giving Back: ProCourse Races for Financial Fitness
In just three years of sponsoring a 401(k) Race for Financial Fitness, Procourse Fiduciary Advisors has raised more than $100,000 for Junior Achievement—despite two editions being remote due to the COVID-19 pandemic.
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State Street Sees Self-Dealing Allegations in ERISA Lawsuit
Participants in the State Street Salary Savings Program say their employer has engaged in self-dealing within the retirement savings plans.
Today’s Most Read
1. Ascensus to Acquire Vanguard’s Individual 401(k) Business
2. Victory to Acquire Amundi’s $104B U.S. Division
3. Rebutting 7 Retirement Income Concerns
Refining the Language of Retirement
Though the use of confusing jargon remains prevalent, new Invesco survey data suggests the financial services industry has made progress in improving understanding of the defined contribution plan system.
Lifetime Income Illustrations
Preparing committees for this SECURE Act requirement.
PCIA’s Take on Retirement Adviser Industry M&A, Wealth Trends
Emerging market realities continue to strengthen the ties between retirement plan advisory services and individual wealth management, as evidenced by recent M&A activity.
Market Mirror Market Mirror Graph

Wednesday, the Dow was up 10.59 points (0.03%) at 34,323.05, the Nasdaq gained 80.82 points (0.59%) to finish at 13,738.00, and the S&P 500 increased 7.86 points (0.19%) to 4,195.99. The Russell 2000 climbed 43.52 points (1.97%) to 2,249.27, and the Wilshire 5000 closed 208.81 points (0.48%) higher at 43,828.55.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.580%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 2.269%.

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