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Weekday news and analysis for retirement plan advisers
Monday, October 10, 2022
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Proposed Legislation Would Ban Mandatory Arbitration and Discretionary Clauses
PA-10072022-Mental Health Matters Act-1335324625-web
The Mental Health Matters Act would, among other things, ban forced arbitration clauses, class action waivers, discretionary clauses, and representation waivers in ERISA-governed plans.
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Deals & People
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Retirement Industry People Moves
OneDigital acquires HealthWorks; Edelman Financial Engines acquires RIA Herrmann & Cooke; Hub announces two acquisitions; and more.
Today’s Most Read
1. PEP Pros and Cons
2. Evaluating a Retirement Income ‘Easy Button’
3. NAPA Head Warns of 401(k) Revenue Grab by Policymakers
Insurer the Target of ERISA Lawsuit
An ERISA lawsuit against Mutual of America has alleged that 401(k) plan fiduciaries breached their duties to participants.
Participant Data is Key to Developing Better Financial Wellness Programs
Participants are comfortable with providing a variety of personal data points to their financial advisers, in the hopes that they will, in turn, receive more personalized and relevant financial advice.
Webinar: Your HSA Questions Answered
Join PLANADVISER and industry experts for a webinar October 13 during which you will increase your understanding of health savings accounts by comparing features to those of defined contribution plans, learn how your plan sponsor clients can position HSAs on their menu of benefits, and hear tips for increasing employee engagement with HSAs. Register today.
Market Mirror Market Mirror Graph

Friday, the Dow lost 630.15 points (2.11%) to close at 29,296.79, the Nasdaq decreased 420.91 points (3.80%) to close at 10,652.40 and the S&P 500 lost 104.86 (2.80%) to finish trading at 3,639.66. The Russell 2000 decreased 50.36 points (2.87%) to close at 1,702.15 and the Wilshire 5000 lost 1,071.71 points (2.86%) to close at 36,420.53.


The price of the 10-year Treasury note decreased 26/32 bringing the yield up to 3.884%. The price of the 30-year Treasury note decreased 9/32 bringing the yield up to 3.843%.


For the week ending October 7, the Dow gained 1.99%, the Nasdaq increased 0.73% and the S&P 500 gained 1.51%. The Russell 2000 was up 2.25%, and the Wilshire 5000 finished 1.50% higher.

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