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...
News
Ascensus Restructures Sales Team
The tax-advantaged savings provider continues retirement division restructurings.
Empower Names Marta Norton Chief Investment Strategist
Separately, J.P. Morgan appoints Shayan Hussain as head of US Investment Specialists.
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...
Roth in Reality
Further guidance is needed for recent federal retirement legislation as industry faces implementation.
Counting on Roth
Federal retirement legislation is in part looking to Roth 401(k) savings to help pay for related incentives—but uptake may be...
Why Roth? Benefits for Plans and Participants
After many years of availability, many employers now offer a Roth 401(k) as part of their plan design—which will make...
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.
Recent College Graduates See Finance as Top Career Prospect
Young adults are also more optimistic in career prospects compared to prior years; separately, CFP marked a milestone of 100,000...
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...
Gen Z Savers Starting Strong, But Risk Being Overly Optimistic
Although Gen Zers are showing a strong start to retirement savings, they still may be too aggressive in their financial...
ERIC Lays Out Its IRS, Treasury Priority Areas
A letter from the ERISA Industry Committee lays out recommendations for its 2024-2025 Priority Guidance Plan for regulators including retirement...
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.
Product Partnerships – 5/29/24
Slavic401k announces new partnership with TriSpan; Commonwealth expands adviser access to alternative investments with iCapital; FusionIQ Partners with interactive Brokers...
Recordkeepers and Participants: An Evolving Relationship
Recordkeepers are adding services and connection points with participants, which has ripple effects plan advisers should be aware of for...