IRS Updates Employee Plans Compliance Resolution System
The agency has added two correction methods for overpayments by DB plans and expand the ability to correct an operational...
News
Talking Scale With Voya, Sterling Resources Leaders
Over the past decade, the universe of retirement plan recordkeepers has contracted from about 400 to approximately 150, with no...
Participants More Receptive to Retirement Planning Help
Help with investments and retirement income were cited by participants in two surveys.
Judge Allows Claims in ERISA Suit Against Prime Healthcare to Proceed
The lawsuit challenges the company's use of an active TDF suite in its 401(k) plan, among other things.
Expect More ESG Investment Options Next Year
The move by the Thrift Savings Plan to add sustainable funds into its lineup next summer will likely cause private...
Retirement Industry People Moves
Neuberger Berman selects client adviser for institutional client group; Nuveen hires global head of client services; BPAS names new president...
Dissecting TIAA Subsidiary’s $97 Million SEC Rollover Settlement
A subsidiary of TIAA will settle conflict of interest charges related to the provision of rollover advice to employer-sponsored retirement...
Investment Product and Service Launches
Fiduciary Insurance Services to provide annuity evaluation services; Alegeus partners with CAPTRUST on new HSA solution; and Cabana launches new...
Workers More Receptive to Auto-Features, Post-COVID-19
More than eight in 10 say they want to be automatically enrolled into a plan at an early age, according...
Practice Progress: SEPs, SIMPLEs and More: Growing a Practice With Smaller Clients
A PLANADVISER webinar underscored key plan design offerings when working with smaller plan clients.
Confidential Settlement Reached in Excessive Fee Suit Against Voya
A previous court decision left only one claim in the lawsuit, which was related to fee disclosures.
Koch Industries Agrees to $4 Million Settlement of ERISA Excessive Fee Suit
The settlement includes a stipulation to perform a recordkeeper RFP.
Lawsuit Claims Yum! Brands Misclassified Employee, Denied Him Retirement Benefits
The complaint alleges that the plaintiff met the test for employee status per prior case law, but Yum misclassified him...
Vestwell Managed Account Platform Helps Advisers Meet Needs in Small Plan Market
The platform uses Franklin Templeton’s Goals Optimization Engine and helps advisers provide an offering to small DC plan sponsors and participants in a cost-efficient way.
How Leaders Are Addressing the Adviser Gender Gap
Although they make up more than half the population, currently less than 20% of financial advisers are women. This raises...
Advisers Can Help With Financial Biases
A Morningstar survey details what biases are affecting investors and explains what advisers can do to diminish these influences.
Industry Groups Say No New Regulations Needed Regarding Brokerage Windows
The ERISA Advisory Council was told brokerage windows serve a special purpose and onerous regulations could discourage their use.
Investing Aggressively Doesn’t Match Saving Consistently
Results of a new analysis published by Dimensional Fund Advisors suggest that embracing higher equity exposures prior to and during retirement is an inadequate tool to manage longevity...
2021 Practice Progress Webinar: SEPs, SIMPLEs and More
Join us Tuesday July 13 at 2 p.m. EST for the next edition of the 2021 Practice Progress webinar series, focused on the topic of growing your practice...
PBGC, IRS Issue Guidance Related to Financial Assistance for Multiemployer Plans
The agencies have filled in the gaps for implementing provisions of the American Rescue Plan Act.