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Weekday news and analysis for retirement plan advisers
Tuesday, October 03, 2023
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Former DOL Investigator Starts Firm Targeting 401(k) Fraud
PA-100223-Participant-ID-Startup-807762770-web
David Donaldson’s Participant I.D. will offer providers and plan sponsors three-factor identify theft protection.
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Temporary Budget Agreement Keeps 2024 Inflation Adjustments on Track
The Social Security COLA and IRS Contribution Limits will continue on schedule after a near miss on government shutdown.
Today’s Most Read
1. It’s Time to Rethink Retirement, Says T. Rowe Price
2. ERISA Council Signals More Work Needed for Retirement Income Products in QDIA
3. Enhancing the Retirement Plan Digital Experience
Advisory M&A
DPL Financial Partners acquires AnnuityFix; Wealthspire Advisors to acquire GM Advisory Group; Carson Group adds FAI Wealth Management; and more.
Guideline Launches Starter 401(k) Retirement Plan for Small Businesses
The new program, Starter, will compete with state-backed IRA programs, according to Guideline’s COO.
SEC Proposes New Rules for RILA Annuity Providers
The proposal directs RILA providers to use registration documents that better explain the annuity’s features and complexities.
Market Mirror Market Mirror Graph

Monday, the Dow fell 74.15 points (0.22%) to close at 33,433.35, the Nasdaq rose 88.45 points (0.67%) to close at 13,307.77 and the S&P 500 0.34 points (0.01%) to close at 4,288.39. The Russell 2000 fell 28.28 points (1.58%) to close at 1,756.82, and the FT Wilshire 5000 Index fell 75.29 points (0.17%) to close at 43,174.00.

The 10-year Treasury note TK 30/32, bringing the yield to 4.690%. The 30-year Treasury bond 1 4/32, bringing the yield to 4.796%. 

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