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Weekday news and analysis for retirement plan advisers
Wednesday, September 07, 2022
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Balancing Act
As employers increasingly take a more holistic approach to the financial wellness of participants, there is growing awareness that, for many employees, retirement is just one of many financial demands they are juggling at any given time.
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Data & Research
DOL Extends Comment Period, Sets Hearing on QPAM Exemption Amendment
The complexity of the proposed reforms to the qualified professional asset manager exemption has given some experts pause.
Today’s Most Read
1. Retirement Industry People Moves
2. Maryland’s State-Run Retirement Program Officially Launches
3. Judge Rules in Favor of Goldman Sachs in ERISA Suit
DOL Sues Couple, Alleges They Lost Millions in Profit-Sharing Plan
A prominent New Jersey couple faces allegations that they invested plan assets in companies in which they had significant financial interest and in ways that would personally benefit them.  
DOL Updates Guidance on Audit Independence Rules
Labor Department leadership says the update is designed to expand retirement plans’ access to highly qualified auditors and audit firms.
Previewing Plan Features
A tryout for the client removes any mystery before implementation.
Compliance for Wealth Managers
PTE 2020-02 cannot resolve all conflicts of interest.
SEC Flexes Regulatory Muscle with RIAs, Brokers in Focus
The SEC is warning advisers and broker/dealers that it is time to tighten up policies around conflicts of interest and ensure compliance with its Regulation Best Interest.
Market Mirror Market Mirror Graph

Tuesday, the Dow lost 173.14 points (0.55%) to close at 31,145.30, the Nasdaq sagged 85.96 points (0.74%) to finish at 11,544.91 and the S&P 500 sagged 16.07 points (0.41%) to close at 3,908.19. The Russell 2000 dropped 17.43 points (0.96%) to close at 1,792.32 and the Wilshire 5000 dwindled 181.28 points (0.46%) to end the day at 38,999.14.

The price of the 10-year Treasury note decreased 1 24/32 bringing the yield up to 3.346%. The price of the 30-year Treasury bond decreased 2 28/32 increasing the yield to 3.498%.

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.
PLANADVISER Webinar: CITs and Other Investment Vehicles
Research from firms like BrightScope and Cerulli Associates shows key defined contribution plan decisionmakers, including advisers and consultants, continue to favor collective investment trusts, largely due to their relatively low-cost structure and pricing flexibility. Today, 401(k) plan assets in CITs have eclipsed the $2 trillion mark, and the growth is expected to accelerate as more investors catch on and the DC plan product set develops. CITs already dominate the large plan market, particularly within target-date funds, data show, but many CIT providers have recently lowered their investment minimums and, in certain cases, waived them altogether. Cerulli’s reporting finds that those with low or no investment minimums are more tenable investment options for smaller plans—and that advisers can help promote stronger adoption down market, where higher investment fees remain a pressing issue. Investment vehicles such as exchange-traded funds and separately managed accounts are also a point of focus, with advisers and their clients seeking new ways to put their hard-earned assets to work. This edition of the 2022 PLANADVISER Practice Progress webinar series will take the pulse of the rapidly evolving marketplace of DC plan investments, featuring timely analysis from leading experts who have long known and embraced these “emerging” investment options. If you are a DC plan adviser who wants to know more about how to invest efficiently via CITs, ETFs and other investment types, you can’t afford to miss the discussion!
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