Fiduciary Fee Study
Small business 401(k) plan costs can benefit from fiduciary-grade advice, a practice that will be mandatory via the DOL’s new...
News
‘Sandwich Generation’ Caregiving Crimps Retirement Planning
Financial strains are holding back this generation of caregivers, but workplace benefit providers tout potential for employers to help with...
Advisory M&A News – 5/28/24
Waverly Advisors acquires Derbend Asset Management; Cetera adds partners at Wilde Wealth Management; Modern Wealth expands into 2 new locations.
Addressing Changing Attitudes Toward Retirement Planning
Today’s savers are preparing for retirement differently from their parents and grandparents, Nationwide finds.
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...
Retirement Industry People Moves – 5/24/24
Hopkins elevated to chief wealth officer at WSFS; Abrdn CEO steps down as asset manager searches for a replacement; Principal...
Senate Introduces Bill to Require SEC to Modify Small Entity Definition
The bill has already passed the House.
Addressing Auto Holdouts
Auto-enrollment and escalation are considered the key to 401(k) success; what should advisers do when plan sponsors push back?
SEC Considering Modified Version of Much Maligned Predictive Data Analytics Proposal
The regulator’s chair noted that withdrawing the proposal is not under consideration.
‘Isolated’ Error by Merrill Exposes Some Walmart 401(k) Data
The inadvertent email error surfaced Social Security numbers of some Walmart participants; no misuse is expected, and Merrill is providing...
Financial Wellness Moves From “Nice to Have” to Table Stakes
In the second installment of this quarter's PLANADVISER In-Depth, advisers discuss the crucial role financial wellness programs play both for...
DOL’s Hauser ‘Comfortable’ New Fiduciary Rule Addresses Prior 5th Circuit Rebuttal
The official made the comments to a legal association a few days after the FACC filed a motion to pause...
SEC’s Gensler Seeks to Clarify Mutual Fund Swing Pricing Proposal
The Chairman suggested that the regulator might opt for liquidity fees instead of swing pricing for open-end funds and also...
Plan Sponsors Seeking Advisers with SECURE 2.0 Know-how
Many plan sponsors are in search of advisers and consultants who can help guide them through SECURE 2.0, UBS finds.
Product and Service Launches – 5/23/24
Ameritas launches pooled employer plan for nonprofit organizations; Flex Benefits introduces insurance solution; Stash announced new workplace benefit StashWorks; and...
Why Emergency Savings May Be Staying Out of Plan
PLESAs are tax-privileged and can auto-enroll, but their out-of-plan alternative are currently more popular to many plan sponsors due to...
Fidelity Sees Record High 401(k) Contribution Levels
Latest participant data also shows that small business employees with access to retirement plans save more than traditional 401(k) participants.
LIMRA Says Advisers Key to Driving In-Plan Annuities
Advisers will play a critical role in working with sponsors if the product offering is going to get traction, insurance...
Digital Assets Legislation Passes House of Representatives
The bill would define the jurisdictions of the SEC and CFTC for crypto assets but it is likely to be...