News

Apart from the influence of the coronavirus pandemic, few retirement plan adviser industry trends received more headlines this year than the pace of mergers and acquisitions.

U.S. Retirement & Benefits Partners specializes in K-12, governmental, corporate and nonprofit retirement plans.

Employers will be allowed to make tax-free contributions of up to $5,250 per employee annually toward eligible education expenses, including tuition or student loan assistance.

Everyone is initially eligible for the DOL’s new prohibited transaction exemption, though the regulator reserves the right to suspend eligibility for up to 10 years after certain violations.

The office is also calling on the SEC to establish an ESG framework.

Whether they take part in implementing the programs or not, advisers can help clients establish metrics for measuring the success of financial wellness programs.

This makes its new prohibited transaction exemption all the more important, according to attorneys with Groom Law Group.  

While stakeholders wait for the announcement of President-elect Joe Biden’s pick, the U.S. Securities and Exchange will be kept on a ‘steady course’ under Elad Roisman's interim leadership.

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.

As one expert tells PLANADVISER, repositioning portfolios after the recent run-up in risk asset prices could help mitigate future volatility.

But Republican support will be crucial for a number of President-elect Joe Biden’s proposals. 

Among other important developments, the Department of Labor has confirmed that one cannot simply write their way out of a functional fiduciary relationship.

The physical presence requirement for spousal consents and participant elections under qualified retirement plans will be lifted through June 30.

The advice concerned mutual funds, illiquid alternative investments and cash sweep vehicles.

The SEC’s leadership says the updated marketing rule reflects important changes to the traditional advertising and solicitation regulations, which have not been amended for decades.

Many have dipped into their retirement savings, and some have even stopped or cut back on their contributions.

By the end of the month, investors had nearly 70% of their balances in equities, according to the Alight Solutions 401(k) Index.