The DC Plan Investment Council is advocating that advice to participants by a plan adviser at the time of a distributable event should not be a prohibited transaction.
Defined contribution plans using automatic enrollment increased plan participation rates by nearly 30%, according to a study, but the contribution rate at enrollment is too low.
ETF flows eased their pace for the second consecutive month, but ended in the black with a roughly $6.8 billion monthly inflow, according to the Morningstar Direct Fund...
Flows into long-term mutual funds hit $27.9 billion in February, nearly matching January’s total of $29.8 billion, according to the Morningstar Direct Fund Flows Update.
Transamerica Retirement Services unveiled a mobile application that it says allows employees to enroll in a retirement plan in as little as three minutes.
Fidelity Investments' fourth Millionaire Outlook survey reveals 42% of millionaires do not feel wealthy, compared to 46% who said they didn’t feel wealthy in 2009.
State Street Global Advisors, the investment management business of State Street Corporation, appointed Olivia Engel as head of Active Australian Equities.
A lawsuit questioning Macy’s decision to continue offering company stock in its retirement plans following the acquisition of a troubled department store has won class action status.