DOL Accuses ESOP Fiduciaries of Prohibited Transactions |
A lawsuit says BAT Masonry was valued at $13 million less than what its ESOP paid for company stock. Owners of the company purportedly engaged in prohibited transactions at the expense of plan participants.
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Focus on Family Makes Retirement Even Harder |
Homemakers, either women or men, who devote their lives to taking care of their families and who do not work outside the home are at risk of an insecure retirement, according to the Transamerica Center for Retirement Studies and the Aegon Center for Longevity and Retirement. Even when money isn’t short, it’s important for both spouses to have a strong financial skill set.
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Should Education Have Its Own Policy Statement? |
Retirement plans need a strategy for education, but an actual policy statement may not be needed or preferable, experts say.
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Experts Still Uncertain on Interest Rates |
It should benefit long-term investors when interest rates start ticking up, but some distressing client circumstances could coincide with a rate hike.
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