MassMutual Offers RetireSMART Ready App
The app generates a personal projection of monthly income in dollars or, if preferred, shows the progress towards a stated financial wellness goal in retirement as a percentage...
News
Investors Have Mixed Opinions Following 2008 Financial Crisis
More than one in four now avoid the market and nearly half have altered their spending and savings habits.
Judge Grants Class Certification in Citigroup Proprietary Fund Suit
The judge addressed arguments related to commonality of 401(k) participants in the suit.
Retirees Still Have 80% of Savings After Nearly Two Decades
More than one-third of retirees continue to grow their assets, BlackRock found.
Lower Income Workers Have Harder Time Staying in the Workforce
However, they also do not live as long those with a higher socioeconomic status.
UPMC Wins in Top-Hat Anti-Cutback Lawsuit Appeal
Siding with the district court, the 3rd Circuit ruled simply that “plan participant bargaining power … is not a substantive element of a top-hat plan.”
Social Security Administration Revises Maximum Taxable Wage for 2018
This affects the taxable wage base for permitted disparity in defined contribution (DC) plan contributions.
Ascensus Gives TPAs Online Resources They Want
There were several areas of interest that TPAs prefer to find quickly, all of which have been enhanced within an updated dashboard navigation toolbar for ease of access.
DOL Allows 18-Month Extension for Fiduciary Rule’s Full Implementation
After asking OMB to review the delay, DOL decides to go ahead with it.
Bill Would Create Pension Rehabilitation Trust Fund
It would be used to make loans to multiemployer DB plans.
ETF Assets Reach $4.4 Trillion
This is a cumulative average growth rate of 21% since 2005, when ETF assets were a mere $417 billion.
Retirement Industry People Moves
Nikki Newton is appointed president of Ivy Distributors Inc.; John Hancock Retirement Plan Services forms a new leadership team charged with enhancing the delivery of large customized retirement...
401(k) Excessive Fee, Self-Dealing Suit Filed Against Wells Fargo
The suit questions the use of actively managed versus passively managed funds. It also suggests that collective trusts and separate accounts are better vehicles than mutual funds for...
2017 a Light Year for Required Plan Amendments
Experts remind retirement plan sponsors of deadlines for 2017 year-end, and also offer some tips.
More Regulation Might Not Be Needed To Boost Use of DC Plan Lifetime Income
Experts suggest an additional annuity safe harbor regulation is unlikely and perhaps even unneeded for promoting greater use of in-plan lifetime income solutions, given that sponsors’ hesitation is...
Morningstar to Unveil Office Cloud
It will enable advisers to manage their practices and portfolios
PBGC Wants to Keep Requiring Disclosures for Distressed DB Plan Terminations
The agency has requested that the OMB continue to allow it to do so.
Scant Withdrawals From DC Plans in First Half of Year
The number of participants taking hardship withdrawals remained less than 1%.
Responsible Investing Strategies Still a Challenge for Advisers
Only 21% of advisers surveyed reported feeling very well informed about responsible investing strategies, and the survey found accessing ESG data is a challenge for advisers.
Regulators Release Informational Copies of 2017 Form 5500
The new forms include important modifications.