People With Student Loan Debt Seek Workplace Help
They say they would value the assistance as much as health care benefits and 401(k)s.
News
DOL Accuses ESOP Fiduciaries of Prohibited Transactions
A lawsuit says BAT Masonry was valued at $13 million less than what its ESOP paid for company stock.
Half of American Workers Lack a Plan for Retirement
And 40% say they feel they are ill prepared for retirement because of inadequate savings.
Only 47% of Homemakers Are Saving for Retirement
Most associate retirement with insecurity and poverty.
Florida Takes Top Spots in Retirement Friendliness
From weather to number of senior centers, WalletHub ranks 150 cities across the country for the best—and worst—places to retire.
Sequestration Prompts Military Families to Seek Out Advisers
More than a quarter are working with an adviser—a record high.
Ascensus College Savings Launches Learn529.com
The interactive website educates investors about 529 plans.
RIA M&A Activity Up 28% in 1H15
Strong revenue and profitability are driving the deals.
Market Volatility Drives Record Participant Call Volumes
It’s both a positive and a negative sign that retirement plan participant call volume hit record levels at Empower Retirement last week.
Court Questions Ability to Recover Pension Overpayments
Questions about whether funds can be identified in the participant’s possession and when the statute of limitations started to accrue have pushed forward an ERISA lawsuit.
Spectrem Reports: Millennials Investing Responsibly?
They may be short on experience, but Spectrem finds young investors are taking a long-term view with their portfolios.
SPARK Issues Guidelines for Integrating Income Options in DC Plans
The SPARK Institute guidelines allow recordkeepers to translate information delivery and decision making supported by all lifetime income product providers to their own systems.
DC Participant Clients Likely Unable to Retire at 65
Six in 10 workers are not on track to meet their needs in retirement at age 65, according to a recent analysis.
Investors Have High Expectations of Their Advisers
Their biggest demand is that advisers help them take a long-term view.
Conrad Siegel Unveils Retirement Income Solution
A new service from the firm helps retirement plan participants sustainably spend down DC accounts.
Retirement Industry People Moves
New hires and promotions at Cafaro Greenleaf, McDermott Will & Emery, Lincoln Financial Group and more.
DOL Seeks More than $1.6M in Losses for Profit Sharing Plan
A health care company filed no annual reports, did not perform valuations and took more than $1.6 million in improper distributions in violation of ERISA, the DOL alleges.
Annual 401(k) Day Highlights Financial Wellness Opportunity
The PSCA has made available educational resources for retirement plan participants.
IRS Issues Guidelines for Cooperative and Small Charities Pensions
The Cooperative and Small Employer Charity Pension Flexibility Act specifies funding requirements for certain pensions that were not immediately affected by PPA funding rules.
Share Class Offerings Shift With Fiduciary Focus
A majority of asset management firms are reforming share classes and approaches to fees, especially for the qualified retirement plan market.