News

Eaton Vance Unveils SRA Product

Eaton Vance Corp. has unveiled its Supplemental Retirement Account (SRA), a Web-based program for systematic retirement savings outside of a qualified plan.

Two Groups Suggest Changes to QDIA Proposal

A Washington Employee Retirement Income Security Act (ERISA) group and the largest banking trade association in the nation asked the Department of Labor (DoL) to clarify and tailor certain parts of the safe harbor rule that would govern qualified default investment alternatives (QDIAs).

Study Says Pre-Retirement Connection Key

Connecting with baby boomers while they are still in their working years is critical to establishing relationships for advisers, according to the third annual Lincoln Long Life Survey of baby boomers released by the Lincoln Retirement Institute.

2007 Compensation and Benefits Limits Published

Last week, the Internal Revenue Service (IRS) unveiled the maximum benefit and contribution limits on qualified retirement plans for 2007, and, for most of the limitations, the increase in the cost-of-living index met the legal thresholds to trigger the changes.

Small Biz Owners Clueless on PPA

A recent poll of 507 small business (companies with 50 employees or fewer, including one-person, owner-operated businesses) owners or CEO’s/Presidents commissioned by ShareBuilder 401(k) found that many small business owners are still focusing on Social Security as a primary source of retirement income, both for themselves and their employees.

Vanguard Expands Offering to Institutional Investors

The Vanguard Group has announced it has filed a registration statement with the Securities and Exchange Commission to include the Vanguard Structured Large-Cap Value Fund in its offering of structured equity portfolios for institutional investors.

Plan Document Trumps Antenuptial Agreement

The US District Court for the Western District of Kentucky ruled that, even though the surviving spouse of a retirement plan participant waived her rights to benefits in an antenuptial agreement, the plan document dictated she receive his assets in the plan.