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Weekday news and analysis for retirement plan advisers
Thursday, September 14, 2023
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How Pennies, Instead of Percents, Can Drive Participant Engagement
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An adviser and plan sponsor discuss the way simplicity and communication turned around retirement saving fortunes at California’s Bicycle Casino.
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Compliance
ADP Exec: Start Auto-Enrollment With New Clients Now
With SECURE 2.0 deadlines pending, plan advisers should also start talking to plan sponsors about providing company matches as post-tax Roth contributions and student loan matches.
Today’s Most Read
1. House Committee Advances Bill to Vacate Retirement Security Rule
2. J.D. Power Names Top 5 Firms With Highest Financial Adviser Satisfaction Ratings
3. Bain Capital and Partners to Acquire Envestnet for $4.5B
Low Birth Rates Are Not the Main Threat to Social Security Insolvency
Income inequality is a greater threat, according to the Social Security Administration’s chief actuary.
Adviser Product Partnerships
The Standard and NFP launch PEP solution; Flywire Partners and Ascensus digitize 529 plan payments; CalSTRS and Sapphire Partners invest in next-generation VC managers.
OneDigital Makes 6th Acquisition This Year, Fueling Southeast Expansion
The aggregator added wealth manager Triad Financial to join its five previous wealth or retirement advisement acquisitions so far this year.
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 70.46 points (0.20%) to close at 34,575.53, the Nasdaq rose 39.97 points (0.29%) to close at 13,813.59 and the S&P 500 rose 5.54 (0.12%) to close at 4,467.44. The Russell 2000 fell 14.48 points (0.78%) to close at 1,840.84, and the FT Wilshire 5000 Index fell 0.65 points (0.0014%) to close at 44,995.55.

The 10-year Treasury note rose 2/32, bringing the yield to 4.257%. The 30-year Treasury bond rose 1/32, bringing the yield to 4.346%. 

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