Transamerica Creates Physical and Financial Wellbeing Initiative
The platform highlights the importance of integrating both physical health and financial wellness in a worker's lifestyle.
News
Employee Gets Jail Time for Embezzling 401(k) Funds
A former office manager of New England Anesthesiologists, Inc. was found guilty of embezzling $120,313 in employee deferrals.
U.S. Retirement Market Has Greater Propensity Towards Home Bias
According to Willis Towers Watson’s Thinking Ahead Institute’s 2018 Global Pension Assets Study, the institute sees shifts in investment models for retirement plans across the globe.
Majority of Gen Xers Say Advice Would Help With Financial Goals
Among advice attributes respondents to a T. Rowe Price survey said they would like are ease of use, inclusion of alerts about critical developments in their account and...
Plan Sponsors Need Help Managing Concerns and Priorities
“It is so important to partner with providers to take some things off plan sponsors’ desks,” says Melissa Musial, marketing research and data manager, retirement services, at OneAmerica.
Steidle Pension Solutions Announces 2018 403(b) Fee Schedule
Steidle's services to 403(b) plans include calculations, plan valuations, document services, Form 5500 and other services.
Retirement Industry People Moves
OneAmerica Reveals Leadership Changes Within Company; TRA Acquires ACS to Expand Northeast Region; USI Hires SVP and Regional Sales Director; and more.
Endowment Index Shifts With Evolving Markets
The Endowment Index calculated by Nasdaq has reconstituted and rebalanced its overall asset allocation for 2018, making some slight but telling adjustments.
Americans See Value in DC Plan Designs
Americans are confident DC plans will help them meet their retirement goals, ICI found.
Talking Advisory Industry Disruption with America’s Best 401K
The direct-to-sponsor firm proudly brands itself as an advisory industry disruptor, boasting fast revenue growth and a 30-day average sales cycle; we sit down with lead strategy officer...
2018 Plan Sponsor of the Year Finalists
The Plan Sponsor of the Year annual award program recognizes retirement plan sponsors that show a commitment to their participants’...
Investment Products and Services Launches
First Trust Launches Index Based ETF; BCG Adds Stadion 401(k) Managed Account on Recordkeeping Platform; Mercer Partners With Investment Metrics for Client Reporting; and more.
Campaign Waged to Raise Awareness of Retirement Savings
The Bipartisan Policy Center and Ric Edelman announce the launch of “Funding Our Future: A Campaign for America’s Retirement Security.”
Court Grants Class Certification in Oracle 401(k) Excessive Fee Suit
However, a federal judge change the class definition for the imprudent investment claims because class representatives were not all invested in the funds challenged.
EBSA Restores $1.1B to Benefit Plans, Participants and Beneficiaries
Nearly $700 million was in recoveries from enforcement actions.
Rising Rates Bring Bond Duration and Supply Questions to the Fore
Vanguard’s lead actuary for the OCIO pension support business sounds a clear note of caution about attempting to “beat the rush” into long corporate bonds that could come...
Empower Finds Projected Retirement Income Feature Engages Participants
Over a six-year period, projected income replacement scores in plans managed by Empower increased from 68% to 77.8%
Asian Americans Could Use Financial Guidance
While nearly half of Asian Americans surveyed defined their American Dream as being financially secure, most get financial guidance from family and friends.
Prepare DB Clients for Lower Equity Returns
Mercer suggests key priorities for DB plan sponsors for 2018.
Americans on Target to Have 80% of the Income They Will Need in Retirement
This is up from 62% in 2005, Fidelity Investments says.