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Weekday news and analysis for retirement plan advisers
Tuesday, September 05, 2023
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In Practice
The Mental Health Benefits Push
PA-090123-Mental-Health-Benefits-Surging-1479494606-web
Employee benefit providers are seeing demand for mental health programs to supplement retirement saving and financial wellness offerings.
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Compliance
Complying With SEC’s Hypothetical Performance Marketing Rules
Advisers should use a process that makes it tough to fall out of compliance, not look for ways to dodge it on a technicality, according to experts.
Today’s Most Read
1. Ascensus to Acquire AmericanTCS
2. Steve Scanlon, Bryan Pinsky to Lead Retirement Divisions Following Equitable-Corebridge Merger
3. Ford Accused of Improper Use of Employees’ 401(k) Savings
Retirement Industry People Moves
The Standard names new national retirement sales directors; Wescott joins NFP as a VP; Index Fund Advisors hires Higgins as SVP, institutional adviser.
Transamerica Renews Small Business Retirement Plan Campaign
Starting September 1, the provider will launch a campaign called 401(k)ares that will include an incentive to transfer from a SIMPLE IRA plan to a Transamerica option.
Republican Leaders Discourage 3(21) Fiduciary Rule Amendment
Updating the fiduciary rule remains a key area of focus for the Department of Labor, despite missing a published August timeline.
Market Mirror Market Mirror Graph

Friday, the Dow gained 115.80 points (0.33%) to close at 34,837.71, the Nasdaq lost 3.15 points (0.02%) to close at 14,031.82 and the S&P 500 gained 8.11 points (0.18%) to close at 4,515.77. The Russell 2000 rose 21.15 points (1.11%) to close at 1,920.83, and FT Wilshire 5000 Index rose 137.68 points (0.30%) to close at 45,606.11.

The 10-year Treasury note decreased 27/32, bringing the yield to 4.182%. The 30-year Treasury bond decreased 1 3/32, bringing the yield to 4.295%.

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