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Weekday news and analysis for retirement plan advisers
Wednesday, October 05, 2022
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Participant Data is Key to Developing Better Financial Wellness Programs
PA-1004202-Cerulli Report on Participant Data-1350663192-web
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.
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Data & Research
Settlement Reached with Couple that Lost Millions in Profit-Sharing Plan
The pair will pay more than $2 million to settle claims they invested assets in companies in which they had significant financial interest and in ways that would personally benefit them.
Today’s Most Read
1. Wait, SECURE 2.0 Might Not Pass?
2. Asset Managers Scramble to Offer In-Demand Investment Vehicles
3. 401(k) Robo-Adviser Blooom Shuts Services, Sells Tech to Morgan Stanley
New Bill Seeks to Encourage 401(k) Investment in Alternative Assets
The Retirement Savings Modernization Act aims to clarify ERISA to incentivize retirement investment in assets such as real estate, private equity, and cryptocurrencies.
Class Settlement Approved for AAA Carolinas ERISA Lawsuit
The lawsuit alleged fiduciary breaches to retirement plan participants from high fees and underperforming investments.  
Home Depot Victorious in ERISA Suit
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.
Market Mirror Market Mirror Graph

Tuesday, the Dow increased 825.43 points (2.80%) to close at 30,316.32, the Nasdaq gained 360.97 points (3.34%) to finish trading at 11,176.406 and the S&P 500 increased 112.50 points (3.06%) to close at 3,790.93. The Russell 2000 gained 66.90 points (3.91%) to close at 1,775.77 and the Wilshire 5000 increased 1,201.13 points (3.27%) to close at 37,945.72.

The price of the 10-year Treasury note was unchanged and the yield decreased to 3.638%. The price of the 30-year Treasury note decreased 4/32 and the yield increased to 3.704%.

Industry Intel Roundup
Featured Webcasts
PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
2022 PA Practice Progress Webinar Series: Wealth Management in a Retirement Plan Practice
Retirement plan advisory groups are naming wealth management leaders to key roles, and aggregator firms are merging with wealth advisers as well as benefits advisers. Sources say firms see their wealth management groups as drivers of growth, but what else is spurring this trend? Join PLANADVISER and a group of industry experts to learn: • Why wealth and retirement belong together—or do they? • How wealth management can be fit into an advisory firm’s service offering, • How to approach revenue opportunities in wealth management, and more. An attorney will help provide context about fiduciary issues in this space. You won’t want to miss the robust discussion in the final iteration of PLANADVISER’s Practice Progress webinar series for 2022!
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