DOL Extends Time for SECURE 2.0 Reporting, Disclosure Comments
The DOL’s EBSA will take public comments for an additional 30 days.
News
Alera Group Leaning Into Small Market, Startup Plan Creation
The retirement advisory announced enhancements to its PEP with the Standard, along with a small market partnership with Vestwell and...
DOL Creates More Ways for QPAMs to Be Disqualified
The rule adds kinds of misconduct that could result in disqualification and requires managers to also indemnify their clients if...
OneDigital, Creative Planning Announce Texas Acquisitions
Both firms made additions to expand their respective retirement plan and wealth management footprints in the state.
‘Magic Number’ for Retirement Hits All-Time High
Northwestern Mutual finds Americans now target $1.46 million for retirement, while a separate Lincoln Financial study shows inflation as consumers’...
Chamber of Commerce, ERIC Ask DOL for Modifications to Auto-Portability Proposal
Lobby groups asked the Department of Labor to remove the requirement that plans must appoint an official to monitor portability...
Vanguard Surpasses BlackRock for Top Spot in Asset Management Brand Ranking
The Broadridge Fund Brand 50 report shows the influence of brand on third-party fund selection.
Tackling Cumbersome ‘Bac(k)’ Office Tasks
Former recordkeeper executive Shane Hanson launches Freedom 360 suite aimed at streamlining retirement services and boosting participant engagement.
Father of the 401(k) Is Planting a New Workplace Savings Idea
Ted Benna has designed a new tax-advantaged workplace incentive program in which workers automatically earn ‘grains of wheat’ that can...
DEI Efforts Help Industry Serve Shifting Demographics, Client Needs
Experts say diverse teams can help improve client service and business needs.
Moving the Needle on DEI in Financial Services
Mitigating the wealth gap and recruiting diverse talent go hand in hand when promoting inclusion in the retirement advisory industry.
WIPN Connects Women in Retirement Sector With Male Sponsors
The retirement group launched an ally program after finding that active connections and recommendations had a bigger impact on women’s...
IRA Rollovers Set to Grow, but by How Much?
Experts expect the IRA asset pool of more than $12 trillion to increase from rollovers, but the shift may be...
Retirement Industry People Moves – 3/29/24
Nicolet National Bank brings on new wealth, private client services head; Standard appoints new corporate actuary and chief risk officer;...
SEC Requires Internet Advisers to Be 100% Online
In order to register using the internet adviser exception, advisers must provide all their services through a website and not...
Product & Service Launches – 3/28/24
Guardian Life adds new RILAs; Voyant offers advisers retirement planning analysis for clients; ADP partners with Summer on SECURE 2.0...
Cambridge Expects $500,000 Fine for Promised Fee Waiver Failures
The firm offered certain fee waivers which were not honored, per a recent regulatory filing.
BlackRock’s Non-ESG Funds Are Still ESG, Mississippi Order Says
Mississippi alleges that BlackRock misled investors and should be fined millions.
Ascensus to Acquire Mutual of Omaha’s 401(k) Business
Retirement services provider will add $3.9B in assets after providing outsourced recordkeeping to retirement division for years.
Empower to Launch Startup 401(k) Plan Solution
The recordkeeper announcement comes as Cerulli forecasts almost 1M plans will be created by 2030.