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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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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. The Expansive Reach of the DOL’s Proposed Fiduciary Rule
2. Empower Reports Year-Over-Year Growth in Workplace, Wealth
3. It’s Time We Stopped Evaluating Managed Accounts from 2006
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%.

March 21, 2024 SECURE 2.0 Now SECURE 2.0 is a little more than 1 year old, but many of its mandates and provisions just started this year. This PLANADVISER webinar will cover how SECURE 2.0 provisions are progressing in 2024 and any hiccups or concerns being seen by plan advisers and their clients.
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