Tips for Establishing and Maintaining Plan Documents
Plan sponsors have a fiduciary duty to operate in accordance with the plan document, but an ERISA attorney shares common cases when mistakes are made.
News
ESG Investing Continues to Rise
Yet, according to ClearPoint Financial Partners, the investing strategy only accounts for less than 1% of the $7.7 trillion U.S. defined contribution (DC) retirement market.
BidMoni Rolls Out FiduciaryShield
The platform allows retirement plans to solicit bids from retirement plan providers.
Most Retirees Only Withdrawing Required Minimum Distribution
A mere 21% feel confident about drawing down their retirement plan assets, Ameriprise Financial found in a survey.
PSNC 2018: Educating Participants on Plan Data
Plan sponsors have a duty to alert and inform participants of any data changes, and ensure they are receiving the right education on it.
Competing for Advisers With Tools and Services: Retirement Industry M&A Activity
Pressing industry trends and emerging opportunities are reflected in recent merger and acquisition activity among retirement plan advisers and service providers, and in the efforts of other firms...
PSNC 2018: Effects of Fee Considerations in a Complex Industry
Panelists discussed recent trends in fees and how providers can keep plan sponsors and participants up to date.
Cetera Debuts 401(k) Practice Development Program
It consists of six live, web-based training sessions conducted over a three-month period.
PSNC 2018: Participant Advice in an Era of Fiduciary Uncertainty
Participant advice has highly progressed in the latest years, with the introduction of mobile technology and advanced systems, but how will it change under the new fiduciary rule...
PSNC 2018: Investment Lineup Design and Construction Can Safeguard Retirement Savings
Panelists discussed numerous investment options that can push additional retirement savings.
Benefit Consultants Relaunches AdvisorEdge Practice Management Platform
It offers advisers prospecting tools, plan management resources, including fiduciary support, and educational materials.
401(k) Participant Mutual Fund Expense Ratios Declined Substantially Since 2000
The Investment Company Institute also found 401(k) plan participants investing in mutual funds tend to hold lower-cost funds.
A Mere 0.14% of DC Balances Were Traded in May
When trades were made, there was a continued movement away from equities into fixed income.
Planning for Health Care Costs in Retirement Is a Personalized Process
Vanguard has issued a new framework, jointly developed with Mercer, that helps pre-retirees and retirees with planning for annual health care costs and long-term care expenses in retirement.
Considerations for Helping Terminating and Retiring Participants
“If a plan sponsor can invest in an adviser or other person to provide direction for terminating or retiring employees, that would be extremely helpful,” Terry Dunne, from...
PSNC 2018: Asset Allocation Comprehension for Plan Sponsors and Participants
The panel focused on current asset allocation trends, and then shifted to what plan sponsors and participants need to know about these investment products.
Dividends, Brokerage Accounts Key Sources of Retirement Income
Together, they supply 40% of retirees’ income.
PSNC 2018: Managing Investment Committees
Plan sponsors are responsible for recruiting those who will be dedicated to continuous learning on ERISA, fiduciary duties, and more.
Custodians Need Help Cleaning Out Abandoned Plans
Metropolitan Life Insurance Company and Brighthouse Life Insurance Company have agreed to work with the DOL to determine whether more than 2,000 retirement plans in their custody are...
Showing Clients How to Help Participants Maximize Savings
Sources at the 2018 PLANSPONSOR National Conference discussed financial wellness, choosing between Roth and pre-tax savings and saving for long-term health care expenses.