GAO Finds Overactive Participant Trading Is Rare |
GAO reports often criticize current business or regulatory practices—but a new report on in-plan trading restrictions suggests current regulation strikes an appropriate balance between a participant’s ability to freely manage retirement investments and the duty of plan fiduciaries and investment managers to operate plans efficiently.
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MassMutual Finds Hispanic Workers Need Social Security Info |
Almost half of Hispanic respondents missed more than half of the correct answers to a true-or-false quiz about Social Security facts, according to a MassMutual survey that aimed to determine how much people in the U.S. know about Social Security. In another section of MassMutual’s research, findings revealed that most people in the general U.S. population flunked a 10-question quiz on Social Security.
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Pensionmark Introduces Custom TDFs |
Created in partnership with Wilmington Trust, which will act as trustee, and BlackRock, which will serve as the manager of the portfolios, Pensionmark Financial Group has launched a suite of custom target-date funds, known as the Pensionmark SmartLifecycle Funds.
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LifeLock Offers 401(k) Identity Protection |
LifeLock has created a product specifically to protect 401(k) investors from fraudulent withdrawals and transfers, as well as identity theft to obtain loans, credit or services. The service is available through employers and brokers, and is funded through payroll deduction at a competitive price.
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MainStay Adds Two to DCIO Team |
MainStay Investments has hired two senior regional vice presidents in its defined contribution investment only practice. With decades of combined experience, Dana Hartwell joins MainStay from Hartford Funds, while Douglas Dhom comes to the firm from Invesco.
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