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Retirement Plan Participant Financial Literacy Low
A study by the National Association for Retirement Plan Participants (NARPP) finds a low level of financial literacy among retirement plan participants.
SageView Adds West Coast Advisory Team
Jon Chambers and Tina Chambers joined SageView in the roles of managing director and senior retirement plan consultant, respectively.
CUNA Mutual Group Introduces MEP
Credit unions providing a 401(k) program to 100 employees or more can save money and streamline their administrative tasks by joining a new multiple employer plan (MEP) administered...
Corporate Pension Funds Far Healthier
Strong global equity market performance and higher liability discount rates worked wonders on the funded status of S&P 500 Index companies during 2013, says Wilshire Consulting.
A Warm Reception for Alternatives
Investment consultants polled for an annual PIMCO survey voiced near-unanimous support for the use of alternative investments, especially in custom target-date and target-risk strategies.
An Argument for 'To-Retirement' TDFs
Retirement plan participants are showing strong interest in target-date strategies, but one provider says retirement investors should stick to the most conservative approaches.
Industry Group Defends Retirement Tax Incentives
The Coalition to Preserve Retirement sent an open letter to Representative David Camp, R-Michigan, chairman of the House Ways and Means Committee, pushing back on certain tax reforms...
CUNA Adds Eight to Sales Staff
CUNA Mutual Retirement Solutions named eight regional sales consultants as part of the firm’s effort to expand its intermediary sales footprint.
Is LDI Feasible for DC Participants?
Defined contribution (DC) plans are increasingly adopting practices similar to defined benefit (DB) plans to improve participant outcomes, including automatic enrollment and “do-it-for-me” investments.
Adviser Compensation at 7-Year High
The seventh release of the “Adviser Insights” study from Fidelity Investments suggests financial advisers are enjoying the highest levels of compensation and assets under management since 2007.
Consider the Market Before De-Risking DBs
Market conditions like those seen in 2013 benefited those plan sponsors that had not yet moved to de-risk their defined benefit (DB) plans.
Employers Cite ACA Impact on Retirement Plans
A new analysis from the LIMRA Secure Retirement Institute suggests more than four in 10 employers believe the Patient Protection and Affordable Care Act (or ACA) has directly...
‘Unfounded Optimism’ Noted in Schwab Survey
Results from the Charles Schwab Money Myths survey show a prevailing sense of overconfidence and unfounded optimism among U.S. workers planning for finances after age 50.
Vanguard Discontinues DB Plan Admin Services
Investment management firm Vanguard announced it will cease offering administration services for defined benefit (DB) retirement plans.
Ways to Limit Fiduciary Liability—Part I
It’s a core mission for financial advisers: work tirelessly to reduce their plan sponsors’ fiduciary liability. But what about their own liability?
BNY Mellon Reopens Stable Value Fund for DC Plans
The Bank of New York Mellon is accepting new investors into the Mellon Stable Value Fund, a bank-sponsored collective investment fund for defined contribution benefit trusts.
Workers Need Planning Help Through Retirement
The Insured Retirement Institute (IRI) released a new report showing Baby Boomers’ confidence in their plans for retirement continues to decline.
SEC Reconsiders TDF Glide Path Illustrations
The Securities and Exchange Commission (SEC) is again seeking public comment on rule amendments proposed in 2010 that would change the way target-date funds (TDFs) are marketed.
DOL Seeks Losses from Failing to Remit Contributions
The U.S. Department of Labor (DOL) has filed a lawsuit to recover losses to the Cargill Heating & Air Conditioning Co. Inc. Savings Plan in La Crosse, Wisconsin.