News

Slightly more than a third of companies (37%) use social media networks to research job candidates.

An economist and a tax expert detailed how congressional budget scoring could derail retirement savings incentives.  

Transamerica Retirement Services appointed Darren Zino as division vice president of the company’s mid-Atlantic region.

Confidence in retirement savings and overall financial security both dropped one point, to 57% and 41%, respectively, according to Country Financial’s Security Index.   

 Plan automation solutions play a key role in the plan design process, a survey found.  

American households could face an income drop of 28% in retirement. 

The House Committee on Ways and Means heard testimony about the tax-favored status of retirement accounts Tuesday.

CPI Qualified Plan Consultants, Inc., added collective investment funds (CIFs) and exchange-traded funds (ETFs) to its retirement plan platform. 

Littler Mendelson PC (Littler) added three attorneys to the firm’s expanding Employee Benefits and Executive Compensation Practice.  

State Street Global Advisors (SSgA) launched SSgA Upromise 529 Plan.

 The Principal Financial Group updated its defined benefit termination program and released a white paper.

Aria Retirement Solutions, a provider to independent registered investment advisers, announced Tim Pfeifer joined its board of directors. 

Morgan Keegan and Co. Inc. agreed to pay $633,715.46 to 10 pension plans covered by the Employee Retirement Income Security Act (ERISA).  

Retiring Baby Boomer business owners to the north are far more active in preparing for retirement compared with the average Canadian.  

Sixty-nine percent of investors between the ages of 21 and 50 plan to work either part-time or full-time during their retirement years.

U.S. employers have lost confidence that employees will have sufficient retirement assets when they leave the workplace.

An analysis of trends and preferences indicates that tens of millions of Baby Boomers should look to Southern college towns for the ideal retirement location.  

A U.S. Court of Appeals affirmed a district court’s ruling that United States Steel Corporation employees had no claim that their plan administrator violated provisions of ERISA.  

The Financial Services Institute (FSI) announced it expanded its advocacy agenda to include retirement and tax issues.  

Preparing for fee disclosure regulations may be tedious, but there is a silver lining: 408(b)(2) and 404(a)(5) can create prospecting opportunities for plan advisers.