Consider Borrowing to Fund for DB Clients
Borrowing to fund pension deficits provides plan sponsors with a way to replace variable and potentially volatile debt obligation with a known, certain amount of debt at a...
News
Government Contractor Accused of Missing 401(k) Payments
The DOL is seeking nearly $250,000 in unremitted employer 401(k) contributions required by government contracts.
80% Income Replacement Insufficient to Cover Retiree Health Costs
A study finds a 55-year-old man who has met his 80% income replacement goal will need an additional $25,679 investment growing at 6% annually to pay for all...
NCPERS Study Rebuffs Capital Hill’s Pension Critics
The advocacy organization suggests increasing global market volatility is directly tied to “the decades-long push by fiscal conservatives to dismantle public-employee pensions.”
DC Plans Adopt DB Characteristics
They are adopting more lower-cost and alternative investment vehicles.
April a Slow Month for 401(k) Trading
Among those who did trade, fixed income was the favored asset class.
Principal Issues Retirement Planning Challenge
As part of the challenge, individuals can walk through a Retirement Wellness Planner.
Former Plan Administrator Found in Contempt
John J. Koresko V has been arrested after failing to transfer $1.68 million in misused assets to death benefit plans.
Fidelity and United Capital Team to Fight Commoditization
Fidelity Clearing and Custody Solutions is partnering with United Capital to help firms “drive growth by managing their clients’ moments of truth.”
IRS Finalizes Rules for Allocating Roth Distributions
No comments were received regarding the proposed regulations, so the IRS finalized the proposed regulations, with a one-year delay of the applicability date.
Cogent Reports Sees Shift in Provider-to-Adviser Communication
Reflecting the change in their own clients’ expectations, more financial advisers say they prefer to receive general thought leadership and market commentary from service provider partners, in lieu...
Stubborn and Familiar Worries Cited By Working Families
Even American families with significant assets saved cite stubborn concerns about the potential loss of an income earner and the likelihood of falling short in a longer-than-expected retirement.
Most Americans Have Financial Regrets
Those ages 65 and older feel the most regret about not saving early enough for retirement, while Millennials wish they had a bigger emergency fund.
Corporate Bonds Lead Fixed-Income Inflows
The latest mutual fund flow numbers put out by Strategic Insight show healthy inflows for a variety of bond fund types.
Participants File Self-Dealing ERISA Suit Targeting M&T Bank
Add a proposed class action lawsuit against M&T Bank Corporation to the sizable and quickly growing list of new ERISA actions filed so far in 2016.
With Great Technology Comes Great Responsibility
Financial services consumers expect providers to offer more than a few pieces of client support technology—they want full utilization of technology tools and ongoing reinvestment in the latest...
Boomer Clients Still Eyed Eagerly by Many Advisers
It’s a simple formula that keeps more than half of advisers primarily targeting Baby Boomers: They have the most money saved and are the most in need of...
ESOP Fiduciaries Don't Escape Liability for Mispriced Stock Purchases
An appellate court agreed with a lower court that the fiduciaries failed to act in participants’ best interest and to monitor providers.
ABC Requests Meeting With IRS About New Mortality Assumptions
The American Benefits Council explains in a letter to the IRS that more time is needed before they go into effect.
Advisers Already Moving to Overcome DOL Fiduciary Rule Challenges
“This is hardly the first time regulation will change the way advisers get paid and disclose important information to clients,” one industry executive observes, “so in that respect...