News

An opinion handed down by The United States District Court for The Western District Of North Carolina, Charlotte Division, rules in favor of the defendant, Bank of America,...

Debt beat out planning for retirement as the top concern for African Americans and Latinos, an analysis found.

However, Financial Finesse found repeat usage of employer financial wellness programs and running retirement projections incrementally improves retirement preparedness.

Serving governmental retirement plans is viewed as attractive by many providers, simply due to the sheer size and stability of the clientele, but one ERISA attorney warns there...

The motivation is growth, particularly boosting assets and revenues, expertise and clients, and ensuring that a succession plan is in place.

The software would allow RIAs to pull client data into illustrative planning technology.

Americans say they feel more comfortable with the savings they have now compared to the year before, however, a Bankrate survey finds they're not doing a better job...

A new program from Trucker Huss provides plan sponsors with a written opinion of counsel that their plan document, as amended after the date of their last IRS...

The IRS prohibits DB plans from paying lump sums to in-pay retirees and beneficiaries,” but many terminated vested participants will view lump sums as attractive.”

Forty-five percent of workers are not too or not at all confident they will have enough money for medical expenses in retirement, and nearly three in five workers...

Sixty percent of employees expressed at least some confidence in retirement, but their planning efforts and savings balances do not support this confidence level.

The IRS established recommendations, suggestions and tips on how plan sponsors can evade an overpayment of user fees; qualify for lower fee prices; and determine the correct user...

New offerings include ERISA 3(21) investment guidance services through Wilshire Associates and ERISA 3(38) investment management services through Mesirow Financial.

Pentegra Fiduciary SmartPath details each fiduciary role in a retirement plan and focuses on helping plan sponsors and advisers clarify the many nuances associated with fulfilling their obligations.

The generosity and functionality of a retirement plan tends to vary quite a lot according to the type of employer and industry. 

Two lawsuits filed against the company alleging a failure to prudently manage retirement plan investment and administrative fees have survived preliminary motions to dismiss. 

Market forces may drive some of the reforms the Department of Labor sought to achieve under the Obama presidency—but a cadre of investors also remains committed to commissions. 

The firm has been deemed liable for violations stemming from a “rushed” ESOP valuation—although some claims of wrongdoing leveled against the firm at trial were denied.

DB plan providers are enhancing participant and plan sponsor services, and innovating plan design.

The seminar will discuss understanding plan and fiduciary responsibilities; selecting and monitoring service providers; making timely contributions; and more.