Advisers Can Address Participant Savings Gaps With New Retirement Readiness Calculator
The tool was launched to bolster retirement planning resources and offer personalized support, customized solutions and best practices.
News
Policy Proposals Could Help Tackle Retirement Savings Shortfalls
EBRI examines the potential effects several legislative motions would have on projected retirement savings.
Supreme Court Rules Against Northwestern University in Fee Case
The high court’s ruling states that the 7th U.S. Circuit Court of Appeals erred in relying on the fact that plaintiff-participants had the ‘ultimate choice’ over their investments...
Parties Reach Settlement in Case Over Use of Actively Managed TDF Suite
Meanwhile, the same law firm that filed the settled case has launched a new case with similar claims against another...
Retirement Industry People Moves
NFP realigns its Northeast region leadership; SageView announces $900 million acquisition; MSCI announces senior leadership changes; and more.
Court Compels Arbitration in ERISA Case
The plaintiff in a 403(b) ERISA excessive fee lawsuit filed against Baptist Health South Florida has been ordered by a district court to enter an arbitration process.
Making Sense of the Interest Rate Evolution
The economy is expanding fast, and the U.S. Federal Reserve is growing more worried about inflation than employment; that much...
Class Certified in 401(k) Plan Trustees’ Lawsuit Against John Hancock
The suit alleges that John Hancock Life Insurance Co. violated ERISA by retaining foreign tax credits generated by plans’ investments...
Hub Expects Good Retirement Outcomes for American Workers
A solid retirement plan is essential for workers’ financial well-being and may be just as important as health benefits, the...
Boston Children’s Hospital Latest Target of ERISA Excessive Fee Suit
The complaint alleges several breaches of fiduciary duty, including retaining poorly performing investments.
New Data Might Help Advisers Address Plan Participants’ Savings Gaps
EBRI compared accumulated net worth, retirement plan and student loan incidence for Baby Boomers, Generation Xers and Millennials at the...
Investment Product and Service Launches
Vanguard to expand ESG lineup; TIAA offers lifetime income for corporate retirement market; and MSCI announces alliance with Menai Financial...
Booming Markets Not Prompting Many 401(k) Trades
On average, just 0.01% of balances were traded daily in December, which is in line with the monthly average for the past year, according to Alight Solutions.
RIA Launches New Tool for Retirement Plan Advisers for Tax-Exempt and Government Plans
The new retirement plan governance platform targets challenges presented in some non-ERISA retirement plan types.
Another Stressed Union Pension to Get PBGC Support
The plan was projected to run out of money at some point this year, but the special financial assistance from PBGC should prevent this outcome.
M&A Update: Wealth Management in Focus
CAPTRUST Financial Advisors has announced two additional acquisition deals that were completed last year.
Retirement Plan Advisers Can Explore Decoupling Designs With Employers
Plan sponsors can take advantage of novel plan designs that share risk, including pooled employer plans, to broaden employer-sponsored benefits.
70% of Eligible Employees Have Joined California’s State-Run Retirement Program
Early evidence suggests the mandate for employers that don’t offer a retirement plan to join CalSavers is driving adoption of...
PPL Corp. and Mass Brigham General Face ERISA Lawsuits
Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.
Educating Participants About Lifetime Income Projections Is Key
Retirement plan advisers and plan sponsors are ramping up support so participants will understand newly implemented projected lifetime income illustrations...