Taking a ‘Startup’ Job at a Legacy Insurer
Ben Thomason discusses why working in the in-plan guaranteed income space is akin to roles he’s held at startups.
News
Mutual Funds Maintain Lead in DC Adviser-Sold Market
DC adviser-sold plans recorded strong sales overall in Q1 2024, according to ISS Market Intelligence.
Congress Urges Treasury to Share Unclaimed Bond Data with States
There are about $30 billion in unclaimed savings bond assets that could be distributed to Americans.
Many Workers Don’t Realize They Are Not Contributing to Workplace Plans
Principal examined the reasons that 59% of nonparticipating employees assumed they were saving in their retirement plans.
DOL Backs Unenforceability of Class Action Waivers
The regulator filed an amicus brief with the 6th Circuit in May arguing that class action waivers in plan agreements...
Nonqualified Compensation Moves Downstream
A Newport executive discusses how early findings from an annual survey show plan sponsors providing nonqualified compensation programs to a...
Retirement Industry People Moves – 6/14/24
Sequoia Financial hires chief strategy and partnerships officer; TIAA names new head of consultant relations; The Standard taps regional vice...
Nuts & Bolts: Should I do Roth 401(k), Traditional Or Half and Half?
In this Nuts & Bolts entry, PLANADVISER unpacks this essential, but often misunderstood area among participants.
Product & Service Launches – 6/13/24
New York Life Investments renames mutual funds; AB launches two actively managed ETFs; Equitable adds to corporate endowment solutions; and...
Strong Plan Committees Have Documentation, Flexibility
Experts at the 2024 PLANSPONSOR National Conference note some key tips for running successful retirement plan committees.
Nuveen CEO Minaya Steps Down, President Huffman Takes Role
William Huffman will take the CEO role for TIAA’s investment management division.
Strategic Retirement Partners Launching PEP With Alerus
The advisory’s second pooled employer plan will include a default iJoin managed account and has plans for a TIAA/Nuveen retirement...
Voya Financial and SecureSave to Offer Emergency Savings Program to Workplace Clients
The tool is available out-of-plan to Voya’s Workplace Solutions clients.
Institutional Plan Consultants: Nearly 90% of Clients Want Income Solutions
PIMCO’s survey of DC plan consultants noted clients seeking a suite of both non-guaranteed and guaranteed income options.
Why Aren’t Participants Using Financial Wellness Programs?
Cerulli found that most financial wellness solutions are used at a rate of under 20%, with muddled communication and definition...
The ‘Rothification’ of Retirement Plans: Opportunity and Complexity
In-plan Roth contributions have been available for over 20 years, but recent retirement legislation will increase both their use and...
Marsh McLennan’s Mercer to Acquire UK-based Retirement Plan Consultant
Mercer parent Marsh McLennan will expand its international retirement footprint with purchase of Cardano.
Should the CPI-E Be Used for Social Security?
Using the consumer price index for the elderly for cost-of-living adjustments would likely result in higher Social Security benefits.
Funded Status of U.S. Corporate Pension Plans Continues to Improve in May
Funded status improvement continues for fifth consecutive month, though in contrast to April, strong equity markets bolstered a decline in...
Legislation to Improve Health Billing Transparency Endorsed by ERISA Industry Committee
The two acts would require more disclosures from providers to payers.