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Weekday news and analysis for retirement plan advisers
Wednesday, September 06, 2023
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Employee Fiduciary LLC Calls On DOL to Improve 401(k) Fee Transparency
PA-090523-Adviser-Calls-on-Increased-401k-Fee-Transparency-1350187331-web
The small business retirement plan advisory provided three recommendations to improve participant fee awareness.
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Advisory M&A
Pensionmark adds RIA Financial Solutions; First Trust acquires Gyroscope; Atria announces purchase of Grove Point; and more.
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
Future Capital Inks Deal With Puerto Rico’s Banco Popular
Advisers and plan sponsors working with Banco Popular will have access to Future Capital’s 401(k) managed accounts and personalized savings guidance technology.
SEC Charges 5 Advisory Firms for Custody Rule Violations
The rule violation announcement is the second the regulator has issued in a ‘targeted’ effort, even as it seeks public comment on a proposed broadening of the custody rule.
Last Call! Register for the PLANADVISER National Conference Starting Sept. 11
A final shout out to join us at the 2023 PLANADVISER National Conference from September 11 – 13 to network with peers and plan sponsors, hear from industry experts, and support junior staff members in becoming future retirement plan leaders. 
Market Mirror Market Mirror Graph

Tuesday, the Dow fell 195.74 points (0.56%) to close at 34,641.97, the Nasdaq fell 10.86 points (0.08%) to close at 14,020.95 and the S&P 500 fell 18.95 points (0.42%) to close at 4,496.82. The Russell 2000 lost 40.38 points (2.10%) to close at 1,880.45, and the FT Wilshire 5000 Index lost 259.62 points (0.57%) to close at 45,346.54.

The 10-year Treasury note decreased 28/32, bringing the yield to 4.261%. The 30-year Treasury bond decreased 1 25/32, bringing the yield to 4.375%.

Industry Intel Roundup
Featured Thought Leadership
PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring thought leadership sponsored by or featuring experts in the industry. The content was created to supply actionable insights to retirement plan advisers regarding client service and practice management.
Inside TIAA’s $294B Investment Engine
TIAA CIO Emily Wiener discusses the firm’s approach to its General Account portfolio.
The Retirement Income Dilemma
What are we solving for and what have we learned so far?
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