Education is vital for all benefits, and especially now for health insurance coverage, says Fidelity Investments.
One scenario in the study predicts a 54% reduction in retirement account balances if a participant were to fail to repay a coronavirus-related distribution.
American Century surveyed retirement plan participants at the outset of the pandemic, when market volatility was extreme.
Though their business environments have not returned to normal, some employers that had made changes to their retirement plan match are beginning to revisit this decision.
However, Millennials and Gen Xers are open to working with financial advisers to learn more and maximize benefits.
Lockton brings in senior adviser; Qontigo selects multi-asset solutions head; Franklin Templeton appoints head of U.S. distribution; and more.
The broad trend of fiduciaries pursuing the lowest cost passively managed investment options will likely temper plans sponsors’ interest in adding private equity investments, sources say.
Cash back on spending can be contributed to a 401(k), 529 plan or HSA.
WisdomTree builds ETF portfolios for fintech firms; SSGA adds new ESG ETF; and IM issues fee benchmarking solution.
In addition to the payment into a settlement fund, Princeton has agreed to what the settlement agreement calls “therapeutic relief,” including a pledge to not raise fees.
The medical testing company is already facing scrutiny for its use of actively managed investments within its retirement plan; it is now the subject of a broader excessive fee lawsuit.
Most in the retirement planning industry agree that defined contribution is the future. But what opportunities are there for advisers interested in serving traditional defined benefit pensions? Many, it turns out.
The platform is known as ‘GRACE’ and seeks to make it easier for advisory firms to meet the requirements of Regulation Best Interest while working in a remote-first setting.
The lawsuit alleges a series of bad-faith dealings were made that caused losses to the ESOP while benefiting executives.
The case represents yet another example of ‘stock drop’ litigation that has failed to make it beyond the pleading stage after the influential Supreme Court ruling in a case known as Dudenheoffer.
The firm was also charged with mutual fund share class violations.