Methods of Addressing Saving Inequity
Panelists at the PLANSPONSOR National Conference discuss how participant data paired with plan design can help address saving disparities in...
Product & Service Launches – 6/6/24
Vestwell, J.P. Morgan offer partnered small plan 401(k) program to financial advisers; Mercer Advisors launches private market investing access to...
Could Majority of TDFs Include Income Annuity in 10 Years?
Recordkeeper builds and government backing will be key elements of TDFs with annuity options taking hold, according to a panel...
SEC’s Private Fund Adviser Rule Struck Down by 5th Circuit Appeals Court
The 5th Circuit vacated the rule completely on Wednesday after being challenged by an association of private fund managers and...
EFE Finds Increased Participant Inputs to Managed Accounts
The managed account provider says analysis reveals personal data inputs doubled over the past decade.
Voya Adds Non-Core Fund Investing to Adviser Managed Accounts
Advisers can include out-of-plan investment assets such CITs and alternative funds for 401(k) participant account holders.
Only 30% of Savers Know About Social Security Shortfall Projections
Once aware, 97% agree leaders should strengthen the system for current and future generations.
Lawsuit Against TIAA Over Managed Account Service Moves Forward
TIAA’s request was denied to dismiss a lawsuit brought against the insurance company for allegedly pushing for participants to use...
Ascensus Restructures Sales Team
The tax-advantaged savings provider continues retirement division restructurings.
Plan Sponsors Increasingly Offer Financial Adviser Services
Participant demand for adviser services is driving demand, according to MFS.
Goldman Sachs Recruits New Leader of DC Large Market Institutional Sales
Heidi Walsh is joining from T. Rowe Price to work on investments, advisory services and financial wellness topics with the...
529 Assets Are Growing, But Education Still Needed
529 assets are increasing, but education is needed for plan sponsors and participants to understand their full benefits.
Retirement Industry People Moves – 5/31/24
3(38) Investment Fiduciaries adds director of investments; Freedom Fiduciaries hires retirement plan consultant; Miller to lead AssuredPartners retirement services practice;...
Product & Service Launches – 5/30/24
MassMutual offers CAIS alternative investment platform to advisers; Pontera and Stifel help 401(k) participants pursue retirement goals; member-based financial planning...
Investor Shifts Herald ‘Irreversible Decline’ for Mutual Funds
A Broadridge study shows the continued shift away from mutual funds to ETFs and stocks by individual investors; separate Simfund...
Small Business Plan Design in Practice
Advisers and recordkeepers discuss plan design for the burgeoning small business 401(k) market.
Bechtel Faces 401(k) Suit Over Default Managed Accounts
The global engineering firm’s $5.1 billion retirement plan committee is sued for defaulting participants into managed accounts plaintiff alleges did...
Chamber of Commerce, ERIC Plead for Fewer Retirement Plan Disclosures
The interest groups agree that most participants do not read nor understand many disclosures related to their retirement benefits.
9 Insurance Trade Groups File Suit Against DOL’s New Fiduciary Proposal
The firms filed a suit in Texas court seeking to undue the Retirement Security Rule aiming to rework the definition...
Packaging Co. Hit with Excessive Fee Suit on $1.2B 401(k)
Plaintiffs allege Sonoco’s plan committee did not regularly put out requests for proposal to recordkeepers to reduce plan fees for...