401(k) ‘Millionaires’ Hit Record
Fidelity’s 401(k) and IRA ‘millionaires’ are at record levels on strong markets and contribution, but separate surveying reveals millionaires still suffer...
Savings-to-Wealth Convergence: Don’t Forget Banks
401(k) plan participants aren’t the only target of wealth management convergence; Cerulli points to bank depositors as ripe for convergence.
Vanguard to Lower Asset Minimum for Digital Adviser Access
The minimum holding to receive financial advice from "robo-advisory" services will drop to $100 from $3,000.
Vestwell Adds TIAA Lifetime Income Offering
TIAA also makes a strategic investment in Vestwell, as the partnership brings TIAA’s lifetime income option to the middle and...
Salesforce Settles 401(k) Suits for $1.35M
Combined lawsuits filed in 2020 and then 2024 alleged excessive fees for a $5 billion retirement plan.
Raymond James Fined Over Mutual Fund Monitoring
FINRA fined two of the firm’s subsidiaries a total of $1.8 million for allegations of failing to properly review mutual...
DOL Recommends Reopening Retirees’ Lawsuit Against IBM
The Department of Labor has backed an appeal by IBM retirees to reopen a lawsuit alleging the company used outdated...
SPARK Meeting Addresses Roth Catch-Up Preparedness
Committee lays out recordkeeper and payroll provider workflow for the pending SECURE 2.0 Roth catch-up mandates.
Mutual Fund Managers ‘Dodge Bullet’ on Swing Pricing
The SEC decided not to move ahead with what the mutual fund industry had argued would be a costly proposal to manage market volatility.
Enhancing Client Engagement and Scalability Within Your Retirement Plan Business
A 401(k) advisory marketing specialist discusses Days 61-90—and beyond—for creating a successful practice.
Advisers Giving Back: Shane Hanson
Freedom Fiduciaries founder turned a 10-day trip running a basketball clinic for disadvantaged children into a lifelong mission to improve...
Government Watchdog Finds IRA Fiduciary Oversight ‘Lacking’
The GAO found numerous conflicts of interest and recommended the IRS work with the DOL to audit IRA fiduciaries.
Sequoia Adds $1.6B Wealth, Plan Advisory Arm
Sequoia Financial Group will acquire Eide Bailly’s wealth management unit in exchange for an equity stake in Sequoia.
Older Workers Step In as Share of Prime-Age Cohort Falls
A new EBRI analysis indicates older workers continue past traditional retirement age, calling for attention by employers to retirement plan...
‘Emerging’ Health Plan Litigation Signals Need for Plan Adviser Diligence
A Wells Fargo health plan lawsuit is a reminder for plan advisers and sponsors to carefully consider and document their...
Social Security Administration Simplifies Supplemental Claims
The Social Security administration announced the results of a multi-year project to simplify processes for those with disabilities and the...
TIAA Pens Multi-Year Deal With Accenture to Transform Its Retirement Recordkeeping
The deal will tee up about 1,500 TIAA employees in the U.S. and India to move to Accenture, while TIAA...
In-Plan Annuity Providers Advised to Lean On ‘Pension Nostalgia’
A consumer focus group run by Hearts & Wallets found increased interest for in-plan retirement income annuities—though often for ‘someone...
Passive Products Widen Lead on Active in DC Managed Assets
Passively managed assets in defined contribution retirement plans have increased their market share three years in a row, according to...
Mercer PEP and DC Group of Plans Hit Combined $3.6B AUM
The platform provides 401(k) benefits to more than 70,000 U.S. employees.