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Weekday news and analysis for retirement plan advisers
Tuesday, October 04, 2022
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Home Depot Victorious in ERISA Suit
PA-100322-Home-Depot-Lawsuit-628133686-web
The judge ruled that even though Home Depot may have followed an imprudent process for choosing investments, the plaintiffs were unable to demonstrate an actual material loss as a result.
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Retirement Experts Identify Possible Fixes to the Retirement Savings Gap
Professionals invited by the IAA discuss obstacles to retirement savings, and what can—and has been—done about them.
Today’s Most Read
1. Ascensus to Acquire Mutual of Omaha’s 401(k) Business
2. SageView Names New CFO, Adds Chief Growth Officer
3. Empower to Launch Startup 401(k) Plan Solution
Study Finds Best Stock Gains Are Made Overnight
Although difficult to navigate the after-hours markets, a Bespoke study finds equities' returns are superior after hours.
Opportunities Increase for Advisers to Engage With BIPOC Savers
BIPOC workers less frequently access financial advice in 2022, while engagements for white workers are steady.
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

Monday, the Dow increased 765.38 points (2.66%) to close at 29,490.89, the Nasdaq gained 239.82 points (2.27%) to finish at 10,815.435 and the S&P 500 gained 92.81 points (2.59%) to close at 3,678.43. The Russell 2000 gained 44.15 points (2.65%) to close at 1,708.87 and the Wilshire 5000 increased 907.64 points (2.53%) to close at 36,744.56.

 

The price of the 10-year Treasury note increased 1 5/32 bringing the yield down to 3.644%. The price of the 30-year Treasury note gained 1 /5/32 bringing the yield down to 3.685%.

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