2024 Sees Net Inflows of $3.1B to 529 Tuition Savings Plans
A provision of the SECURE Act 2.0 of 2022 that permits certain assets saved for education to be rolled over...
News
Retirement Industry People Moves – 2/7/25
Newfront Retirement Services adds associate vice presidents; CFP Board announces CEO Keller to retire in 2026; Focus Financial Partners names...
Most Workers Acknowledge the Importance of DC Plans
Nearly half of individuals with a DC plan said they probably would not be saving for retirement if not for...
House and Senate Reintroduce Bills to Permit CITs in 403(b) Plans
The Investment Company Institute released a statement supporting the congressional effort on Thursday.
Product and Service Launches – 2/6/25
PensionBee and SS&C offer safe harbor IRA; Future Capital and Axos Clearing facilitate 401(k) management for wealth clients; East Coast...
Will Trump DOL Move Away From Biden Independent Contractor Classification Rule?
Oral arguments in Frisard’s Transportation LLC v. United States DOL were scheduled to begin early this month, but under the...
Industry Groups File Amicus Brief Urging 11th Circuit to ‘Preserve Integrity of ERISA’
The brief is in support of Southern Co. Services, which is accused of using outdated assumptions when calculating retirees’ joint...
Department of Labor Secretary Nominee Gets Confirmation Hearing Date
While she has not been publicly outspoken about retirement policy, Chavez-DeRemer has been more active on the employer health plan...
Potential Implementation Delays Face Social Security Fairness Act
Under the SSA’s current budget, the agency expects it could take more than one year to adjust benefits and pay...
Advisers Planning to Increase Technology, AI Usage and Spend
According to advisers surveyed by Orion, disconnected technology is their primary technology-related pain point—for the second year in a row.
Empower Expands Benefits Services With Consumer Directed Health Care Offering
The CDH product suite is being offered through a partnership with Alegeus Technologies LLC.
Trader Joe’s 401(k) Plan Accused of Overinvesting in Balanced Fund
The $2.7 billion dollar plan also joins the more than 30 employers accused of mismanaging employee forfeiture funds.
Vanguard Announces Largest Fee Cut in Firm’s History
Of the funds with reduced fees, 48 include institutional or institutional plus share classes.
Trump Issues Executive Order to Create Sovereign Wealth Fund
The fund, which could require Congressional approval, is to be established by the Department of the Treasury and the Department...
Advisers Increasingly Considering Crypto in Financial Plans
Among advisers who recommend investing in cryptocurrencies, the most common allocation remains 2% of assets, according to a Digital Assets...
Study Finds Most Corporate Retirement Plans Have Regulatory or Fiduciary Violations
According to Abernathy Daley 401k Consultants, more than 600,000 American companies could be at risk of fines, legal penalties and...
Keeping Up With SECURE 2.0 Changes
Advisers discuss how they manage adoption of plan provisions with clients.
SECURE 2.0 Auto-Enrollment Requirement Takes Effect in 2025
Beginning this year, businesses with 10 or more employees must implement automatic enrollment and contribution escalation for new 401(k) and...
Saver’s Match Could Significantly Decrease Wealth Gaps, Morningstar Says
The Saver’s Match could significantly boost retirement savings, with promotion of the program by the government, plan sponsors, and the...