IRS Developing Presentation About Pre-Approved Plan Program Changes
The agency is seeking input about what to include in its presentation.
News
Tool From Principal Offers Suggestions for Retirement Plan Design
The modeling tool assesses plan health and makes suggestions for improving it.
Many Asset Managers, B/Ds Don’t Trust Compliance Programs
In addition, many are not confident in their firm’s cybersecurity.
Non-401(k)-Savers Timid About Asking for Financial Help
Whether saving in a 401(k) or not, the majority of survey respondents say their investment confidence would grow dramatically with the help of a financial professional.
Court Recommends Dismissal of ESOP Challenge Against Wilmington Trust
The judge noted that stock must be purchased at an inflated price and sold at a loss for an economic injury to occur.
Nearly One-Quarter of Americans Have Increased Their Retirement Savings
This is the highest percentage Bankrate.com has noted since 2011.
Majority of Small Businesses Do Not Offer Retirement, Health Benefits
Seventeen percent of respondents to a survey by Paychex said they did not see the need to offer retirement benefits to their employees.
Larger Companies Offering Roth 401(k)s
More than half of employers recently surveyed by Transamerica offer a Roth 401(k).
Study Finds Preference for Pre-Tax Deferrals Even If a More Adverse Outcome
The study finds most people do not consider tax implications before deciding whether to defer into retirement plans' pre-tax or Roth accounts.
Second Sears Stock Drop Suit Includes Puerto Rico Plan
As with the lawsuit filed in July, the new complaint says the defendants breached their ERISA fiduciary by retaining the company stock fund as an investment option under...
Inflation is Americans’ Biggest Economic Worry
Nearly one-third of adults are “panicked” or “very worried” about it.
Sponsors Think Rothification of 401(k)s Would Deter Participation
This is according to a survey by the Committee on Investment of Employee Benefit Assets Inc. of its members.
Millennials Most Interested in Sustainable Investing
Almost all Millennial investors in a study indicated they want sustainable investment options in their 401(k)s.
Retirement Industry People Moves
Veirphy Analytics Names Chief Growth Officer; Newfleet Brings on Head of Institutional Business Development; Lincoln Financial Group Hires Retirement Planning Leader; and more.
Financial Pros Say Fiduciary Rule Prevents Them From Serving Clients
Seventy-five percent say they will take on fewer accounts with $25,000 or less in assets due to increased costs.
Paper Gives Guidance About Structuring Real Estate Investments in DC Plans
As a general matter, DC Direct Real Estate product structures should accommodate the unique considerations that are important to DC plan fiduciaries, such as investor eligibility, regulatory oversight...
CUNA Enhances Tech Offerings for Advisers
The new PlanOnTarget initiative gives CUNA’s adviser clients new digital capabilities including self-service dashboards and enhanced analytics.
SIFMA Sends DOL Study About Fiduciary Rule Effects
The study suggests advisers have pared back products and services for retirement investors, and compliance with the fiduciary rule will be costly.
Investment Products and Services Launches
BRI Launches Small Cap Index Powered by Wilshire; First Trust Launches Equity Index ETF; Vanguard Updates Benchmarks for Bond Funds; and more.
DC Participants Mostly Stay Put in Investments in July
When they did trade, most inflows went to non-U.S. equities, according to Alight Solutions.