| Plans Must Carefully Field ERISA Claims and Settlements |
| When a 401(k) retirement plan is awarded damages or receives a settlement from a lawsuit, it is incumbent on the retirement plan adviser to help the plan administrator figure out how to award the funds to participants. One challenge is that very little regulatory guidance exists for properly fielding settlement payments to tax-qualified plans.
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| Education About Advising Can Bring More Women into Industry |
| About three years ago a couple of the top women advisers at Lincoln Financial Network got together to tackle an issue that is somewhat pervasive in the financial services space. “Let’s face it, most advisers are men,” says Nicole Spinelli, executive director of the Lincoln Financial Network WISE Group. She tells PLANADVISER that the name WISE is for “women inspiring, supporting and educating.”
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| African Americans Continue to Grow in Affluence |
| African Americans demonstrate continued optimism when it comes to finances, due to growing affluence, Prudential Financial found in its biannual “African American Financial Experience” report. However, many are not taking advantage of financial and investment tools, which may hinder long-term wealth accumulation.
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| TDFs Continue Growth as Target-Risk Funds Lose Assets |
| In the second quarter, target-date funds experienced $19.3 billion in positive inflows, while target-risk funds saw aggregate outflows of $2.9 billion.
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