Plan Sponsor Clients Could Do More to Enhance Participant Retirement Readiness
The Transamerica Center for Retirement Studies makes suggestions in a new report for how employers can take steps to enhance retirement security for workers.
News
Retirement Plan Participants Need Monthly Retirement Income Projections
LIMRA SRI found participants who were given an estimate of how their retirement plan account balance would translate to monthly income in retirement took more positive actions and...
PANC 2018: The Future of Retirement Advising
A look at consolidation, the role of recordkeepers and the importance of financial wellness programs.
New Safe Harbor Rollover Explanations Consider Tax Reform Changes
The IRS has issued two modified safe harbor explanations which take into consideration changes related to qualified plan loan offsets and other statutory changes.
Seven in Ten Employees Would Participate in an Employer-Based Emergency Savings Plan
Saving more and reducing financial stress are the top reasons employees would participate.
Short-Term Rate Hikes Sting, But Long-Term Investors Can Benefit
Vanguard’s chief economist warns that rising rates may sting in the short term, but book value losses should be offset by higher future returns—rewarding those with perspective and...
ERISA 404(c) Compliance Well Worth the Effort
Frederick Reish, partner in the Drinker Biddle & Reath Employee Benefits & Executive Compensation Practice Group and Chair of the Financial Services ERISA Team, suggests a good way...
Retirement Industry People Moves
The Wagner Law Group Welcomes Attorneys Quinn and Burwick; Independent Retirement Hires Retirement Plan Consultant; SageView Hires Managing Director; and more.
The Importance of Addressing Participant Complaints
If a sponsor does not respond, they could face a civil and/or DOL lawsuit
Invesco to Purchase OppenheimerFunds, Owned by MassMutual
Sources say this leading asset manager company will bring Invesco $248 billion in new client assets.
NYU Calls for Sanctions Against Workers, Attorneys
There are several bases on which the court could impose sanctions.
Request for GAO to Study Process by Which Retirement Funds are Divided in Divorce
Women's household income and assets, on average, fell by 41% with divorce.
Auto-Portability Would Help Reduce the Retirement Deficit Significantly
If combined with the Automatic Retirement Plan Act of 2017, the retirement savings shortfall would be reduced by $932 billion, or 22.6%, according to EBRI.
Helping Participants Brace for Market Volatility
The only person who gets hurt on a rollercoaster is the one who jumps out; advisers should stress that volatility is the price individuals pay for long-term performance.
Exploring How Sponsors Can Offer Guaranteed Lifetime Income
One option is through a profit sharing plan that invests the money in an annuity once a participant retires.
Principal Launches New Financial Wellness Program
Principal Milestones, which includes iGrad’s Enrich financial wellness program, helps participants access comprehensive financial education resources all in one place.
Investment Product and Service Launches
MassMutual debuts RetireSMART TDF series with J.P. Morgan glide paths; Delta Data launches proprietary product manager; and AXA doubles down on SRI/ESG integration.
Vast Majority of Intermediaries Expect Financial Wellness Programs to Expand
Eighty-four percent of intermediaries expect sales of financial wellness programs will expand in the next three to five years, Prudential found.
Relatively Few Parents Fill Out FAFSA, Leaving Crucial Dollars on the Table
While college savings and student loan debt aren’t typically an area of focus for retirement plan advisers, new survey data suggests a few simple reminders can be a...
Plan Sponsors Will Soon Be Able to Chat With Principal Associates Online
An online chat feature to answer retirement plan administrative questions will be launched this fall.