PLANADVISERdash – September 7, 2022

Weekday news and analysis for retirement plan advisers

Wednesday, September 07, 2022

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From the Magazine

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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Compliance

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.	Small Business “Bullishness” Helping to Drive 401(k) Growth
2.	The Scramble to Make the Saver’s Match Work
3.	Modern Wealth Surpasses $4B in Less Than 2 Years

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

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 Webinars

PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars 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.

September 24, 2024

DCIO and Investment Menu Survey

They say the devil is in the details. That’s particularly true when it comes to the investment menu and its results to participants for years—sometimes decades—of their lives. This PLANADVISER webinar will consider 2024 trends in DCIO offerings and best practices for the modern-day plan adviser.