Measurements of DB Plan Funding Serve Different Purposes
A paper from the American Academy of Actuaries gives examples of which DB plan funding measurements are useful for different plan sponsor situations.
News
State-Run IRAs May Not Be the Best Solution for Low-Income Earners
Social Security may be enough to cover their retirement needs, while the accumulation of personal savings can jeopardize other key safety net benefits.
Research Finds Benefit of Offering Longevity Annuities in DC Plans
The researchers conclude that “including well-designed LIA defaults in DC plans yields quite positive consequences for …workers.”
Connecticut District Court Tosses Voya Stable Value Suit
The lawsuit challenged how Voya set its crediting rate on certain stable value accounts offered to a 403(b) plan.
DCIIA Paper Discusses Importance of Offering Financial Wellness to Employees
"A Financial Wellness Primer" points out the cost of a workforce that is not financially healthy and the productivity gains and return on investment of offering a financial...
Franklin Templeton Expands Social Security Optimizer Tool
New additions would allow advisers to help clients calculate the amount of income from assets needed to delay benefits past full retirement age, as well as assets needed to...
Vanguard Designates Next CEO
The current CIO of Vanguard will rise to the position of CEO in 2018.
Retirement Industry People Moves
TRA Expands Mid-Atlantic Sales Consultant Team; Putnam Hires Consultant Relations Director; FinMason Collaborates with the Fintech Sandbox; and more.
Social Security Trust Fund Still Projected to be Depleted by 2034
However, the Disability Fund depletion date has improved by five years, through 2028.
Gen X Investors Describe Serious Financial Stress
FICO's latest consumer finance trend research finds only a third of consumers between ages 38 and 52 are confident they will reach their long-term financial goals.
Vermont Passes Bill to Implement State-Run Retirement Plan for Private-Sector
The bill would implement a voluntary retirement program for businesses with 50 or fewer employees.
Investment Products and Services Launches
Charles Schwab Adds More Commission-Free ETFs; John Hancock Continues Reducing Mutual Fund Fees; Rise Financial Opens its Doors for Socially Responsible Investing; and more.
Some Members of Gen X, Y Are Maxing Out Their 401(k)
To do so, they are making financial sacrifices.
dailyVest Rolls Out Fiduciary Focused Tool
The new platform by dailyVest allows plan sponsors to measure plan health and meet fiduciary responsibilities.
EBSA Fraud Investigation Leads to Lengthy Prison Sentence
A Department of Labor investigation found evidence that $5 million, including retirement plan assets covered by ERISA, was inappropriately diverted and used to pay various business and personal...
CITs and Custom TDFs Shine in Mega Market
New research from Northern Trust finds its largest plan sponsor clients have broadly embraced collective investment trusts, and more than half now use custom TDFs.
Businessman Ordered to Pay Back ERISA Plan Involved in Ponzi Scheme
The ERISA plan invested roughly $1.9 million of plan assets from July 2010 through December 2011 in the investment company, Midwest Green Resources.
ERISA Lawsuit Filed Against MFS
The complaint alleges fiduciary breaches of ERISA with regards to MFS offering its proprietary funds in its 401(k) plans.
HSA Owners Missing Out on Long-Term Health Care Savings
Owners of health savings accounts (HSAs) are primarily using them for immediate needs, EBRI finds.
UBS Challenges Client Recruiting By Former Advisers
A lawsuit filed by UBS against a number of former brokers—accused of too aggressively soliciting old clients immediately after going independent—shows plan participants aren’t the only source of...