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.
News
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.
DOL Issues ERISA Guidance for Plans Impacted by Hurricane Maria, Wildfires
The guidance covers verification procedures, timely loan and hardship withdrawal repayments, and health care coverage.
New Complaint Alleges Excessive Fees in NYU Plans
This case was filed against NYU Langone Hospitals, NYU Langone Health Systems, the retirement plan committee, and several named defendants.
Sizable Group of Investment Managers Pledge to Lower Fees
The median investment management fee charged to retirement plans is 38 basis points, according to the Callan Institute.
Six Ways to Up the Ante on DC Plans
If the plan is not already automatically enrolling participants and escalating their deferrals each year, AB says, it should be.
First Bankers Trust Settles Three ERISA Suits
The lawsuits alleged that First Bankers Trust violated the Employee Retirement Income Security Act when it approved stock purchases by three employee stock ownership plans.
Retirement Industry People Moves
Industry veteran joins Meeder as SVP; PGIM Investments appoints chief marketing officer to drive global expansion; FS Investments hires national sales manager to oversee sales professionals; and more.
PBGC Deficit Report Shows Dire Situation for Multiemployer Plans
The latest deficit increase was driven primarily by the ongoing financial decline of several large multiemployer plans that are expected to run out of money in the next...