August Marks Second Consecutive Month With No Above-Normal Trading
On the majority of trading days, fixed-income funds led, according to the Alight Solutions 401(k) Index.
News
One-Third of Americans Lack an Accurate Perception of Their Finances
Many respondents to a Prudential Financial survey are misjudging how well-off they are.
Northern Trust Outlines Relatively Rosy Five-Year Market Outlook
Broadly speaking, Northern Trust’s Capital Market Assumptions Working Group expects continued global economic growth, controlled inflation and accommodative monetary policy.
The Median Retirement Account Balance Among All U.S. Workers Is ‘Zilch’
Over half have nothing set aside in any type of employer retirement plan.
Companies With Strong Performance Have Quality 401(k)s
Above-average-rated plans are more apt to be found at companies with 20% to 80% higher profitability than are average-rated plans, says T. Rowe Price.
Church Failed to Provide Retirement Benefits to Former Employees
Its former executive pastor and his wife presented evidence showing that supplemental retirement benefits were improperly taken in November 2011 and placed in the church's building campaign.
Partnership Offers Advisers Chance to Build 401(k) Business
By partnering with RPAG, Voya Financial Advisors wealth advisers will have an opportunity to grow their business in the 401(k) space.
A ‘Brittle’ Financial System Persists, 10 Years After Crisis
Lessons have been learned, but experts still worry about the “brittleness” of the U.S. and global financial system.
HD Vest, Envestnet Partner on Tools to Help Advisers Grow Their Business
These include model management, proposal generation, unified managed accounts, overlay models, online reporting and the consolidation of plan data.
Wilmington Trust Dodges M&T Bank Proprietary Funds Suit
Wilmington Trust subsidiaries were found not to be fiduciaries, but other claims against the M&T Bank retirement plan committee were moved forward.
Retirement Industry People Moves
Stadion Names New Retirement Strategies CIO; Nationwide Names New Marketing Leader; Experienced ERISA Experts Join Steptoe & Johnson LLP; and more.
PBGC Issues Rules to Facilitate Mergers of Multiemployer Plans
The Pension Benefit Guaranty Corporation says that mergers can protect the benefits earned by workers and retirees and extend the solvency of troubled plans.
Modern Retirement Framework Must Consider Health Care Costs
Vanguard engaged Mercer Health and Benefits to develop a new model to forecast health care costs for U.S. retirees; the effort has resulted in a number of pragmatic...
Investment Product and Service Launches
Securian Incorporates Custom Investment Models and American Century Expands ETF Suite.
Butch Lewis Act Would Cost ‘Just $34 Billion,’ Dems Argue
Senate Democrats are highlighting the publication of the Congressional Budget Office’s scoring of proposed legislation known as the Butch Lewis Act, which seeks to “put union pension plans...
Using ‘Value of Investment’ to Measure Financial Wellness Programs
A subset of return on investment, VOI is more nuanced, MetLife says.
PLANSPONSOR Defined Contribution Survey Open
Sponsors of defined contribution (DC) plans are invited to respond to the annual PLANSPONSOR DC Survey through October 5. The survey is among our largest and most important...
Investor Advocacy Groups Question SEC Customer Relationship Summary Form
Noting that they believe a more viable customer relationship summary (CRS) form can still be developed by the SEC as part of its Regulation Best Interest proposal, a...
Empower Interface Update Blends HSA and Retirement Plan Reporting
Via the new client interface, participants can see their projected health care costs in retirement compared against the projected balance in their HSA.
Untreated Financial Stress Robs Work Force Productivity
Besides evaluating participant financial stress levels, a new OneAmerica survey also looks at the specific factors causing participants to experience financial stress.