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| Benefits & Administration |
| Recordkeeper Market Caters to All Plan Sizes, but Differently |
| The 2018 PLANSPONSOR Recordkeeping Survey has found smaller plans tend to align with adviser-centric recordkeepers or those supplying core business services—e.g., payroll—while larger plans migrate toward providers offering proprietary, and customizable, platforms.Read more > |
| Gen Xers Show Stunted Retirement Preparedness |
| More than one-third of Gen Xers say they have no money at all saved for retirement, and 29% expect Social Security to be their primary source of retirement income.Read more > |
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| Products, Deals and People |
| ABG of Michigan Introduces Financial Wellness Program |
| ABG of Michigan (ABGMI) introduced “fly!,” a holistic consulting and action program that helps employees achieve personal financial success. ABGMI works with each company and its financial adviser to design a custom program based on the company’s goals, objectives, and employee demographics.Read more > |
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| Economic Events |
| The Conference Board Consumer Confidence Index decreased in June, following an increase in May. The Index now stands at 126.4 (1985=100), down from 128.8 in May. The Present Situation Index was relatively flat, 161.1 versus 161.2 last month, while the Expectations Index declined from 107.2 last month to 103.2 this month. |
