Norton Healthcare Faces 403(b) Plan Excessive Fee Suit
Plan fiduciaries have been charged with breaching their fiduciaries duties under ERISA by selecting more expensive share classes of investments than were available to the plan.
News
Finworx Launches Finworx360 to Help Advisers Assess Clients’ Risk Tolerance.
The software includes a Behavioral Risk Survey that advisers can give to retirement plan participants.
Would Americans Balk at Mandated Offering of DC Retirement Plans?
With the Affordable Care Act and other pieces of major legislation that altered financial norms a guide, one expert asks whether a mandate to require employers to provide...
401(k) Participants’ Equity Holdings Drop As They Age
The younger the investor, the more likely they are to have their money invested in equities, while older investors are more likely to gravitate to fixed-income securities, according...
White Paper Shows How Managing Health Could Increase Retirement Income
The paper shows employees who adhere to treatment plans and adopt simple healthier lifestyle behaviors can save on out-of-pocket health care costs and invest that savings to have...
PlanMember Launches PlanMember Online
PlanMember Online is a collection of public-facing websites designed to meet the needs of specific audiences.
Small Adjustment Between Fidelity and Vanguard Speaks of Fee Sea Change
News emerged Tuesday of a shift in the way Fidelity and Vanguard, two of the largest-volume providers of recordkeeping and investment products for retirement plans, work with and...
Assessing the Retirement Readiness of Each Employee
It starts by determining each individual’s needs.
Millennials’ Retirement Prospects Are Challenging
They earn less than older generations, are less likely to participate in a retirement plan, and will have to contend with longer life spans and rising health care...
Evidence Mounts To Show Automated Plans Do Better
More than 82% of those from the Millennial generation, defined here as those born between 1977 and 1993, are now invested in a diversified portfolio.
Investment Adviser Added as Defendant in NYU 403(b) Suit
In a statement, Cammack said, “We believe the claims have no merit and will be vigorously defending them.”
More DC Plan Sponsors Lowered Fees After Reviews in 2017
In the majority of cases, the plan’s consultant/adviser conducts the benchmarking (82.8%)—higher than in prior years, Callan finds.
Embrace of Passive Funds Is Not What It Appears To Be
In conversation with Jeff Kletti, head of investments at Wells Fargo Institutional Retirement and Trust, PLANADVISER gets an inside view of some emerging—and some familiar—defined contribution plan trends.
AdvicePay Creates Payment Solution for Fee-Only Advisers
Clients can issue payments via a credit card or bank account.
Advisers Warming Up to Smart Beta
However, while 79% of U.S. advisers are aware of smart beta, only 36% are very familiar.
Vestwell Integrates Morningstar 3(21) Fiduciary Services to Platform
Financial advisers can help plan sponsors address their fiduciary responsibilities while creating their own investment product lineup from menus of funds on which Morningstar has performed due diligence.
White Paper Explains Tax Reform Effects
Wolters Kluwer Legal & Regulatory U.S. issued a white paper, “Tax Cuts and Jobs Act Will Present Retirement, Benefits, Executive Compensation and Payroll Professionals with New Challenges in...
Bundled Versus Unbundled DC Plan Arrangements
The proportion of plans that are at least partially bundled fell dramatically from 53.8% in 2016 to 44.0% in 2017, a continuation of the unbundling trend, according to...
Retirement Industry People Moves
AndCo Adds New Compliance Officer to Team; RIA Firm Partners with Focus; Securian Financial Group Hires Regional Sales Vice Presidents for Small and Midsize Employers; and more.