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401(k) World: The Litigators
The final story in this quarter’s PLANADVISER In-Depth series considers 401(k) litigation’s present and future.
Mercer Completes Acquisition of Vanguard’s Outsourced Investment Officer Business
Marc Cordover, Mercer’s US investments and retirement leader, will lead the newly acquired division.
FINRA’s Top Enforcement Issues of 2023
Regulation Best Interest makes the top five, according to Eversheds Sutherland LLP.
Retirement Industry People Moves – 3/15/24
Definiti appoints Andreski CEO, adds sales and ERISA leadership; Morgan Stanley taps AI division head; MFS Names Alison O’Neill as CIO; and more.
Biden’s Budget Would Compel Distributions From Retirement Accounts Over $10M
The proposal would add to a plan to prohibit backdoor Roth conversions.
19 States, Sierra Club Have Common Dispute: SEC’s Climate Disclosure Rule
Republican state attorneys general and the environmental advocacy group are, for different reasons, suing the SEC to overturn its recent climate disclosure rule.
Former Pension Plan Participants Sue Lockheed Over Athene Risk Transfer
The lawsuit against Lockheed related to its PRT with Athene comes close on the heels of a similar suit against AT&T earlier this week.
Product & Service Launches – 3/14/24
Cetera-affiliated advisers get Bitcion ETF policy guidance; Nationwide offering Morningstar AMAs; OneAmerica launches TDF series of CITs; and more.
How Americans’ Health Care Costs Affect Their Work and Savings
Two out of every five Americans are postponing health care needs due to cost concerns, according to a survey commissioned by Paytient Technologies.
2024 PLANADVISER Top Retirement Plan Advisers
Retirement plan specialists, based on number of plans and total assets under advisement.
Financial Wellness: Implementation and Communication
A panel of experts discuss ways to reach busy participants with financial wellness tools and resources.
Why Defining Plan Goals is Key to Success
Plan sponsors should articulate organizational objectives to derive optimal benefits from workplace financial wellness initiatives, say experts during a PLANSPONSOR livestream.
Employers, Employees Value Holistic Financial Planning
Workplace financial wellness needs to be more than just a retirement account, according to experts at a PLANSPONSOR livestream.
Nepsis Expands Retirement Plan Division With Retirement Plan Specialist Add
Trenton Hazen will bring retirement plan expertise to the advisory.
Most Americans Expect to Live Longer, Still Retire Around 67
Research from Corebridge and the Longevity Project find half of Americans want to live to 100, even as financial anxieties around how to do so run high.
OneDigital’s AI Experiment: A ‘Cheppy’ for Everyone
The advisory created an artificial intelligence-powered version of a retirement plan adviser to show the technology’s potential—while making it clear human advisers remain the top talent.
Biden Budget Would Eliminate Backdoor Roth Conversions, Consider Tax Change to Bolster Social Security
The reform would raise $23.7 billion over 10 years, according to the Department of the Treasury.
Record Number of Participants Raised Deferral Rate in 2023, Vanguard Reports
On the other side of the equation, plan loans were up 12% year-over-year, and hardship withdrawals increased modestly.
Advisory M&A News – 3/11/24
Bluespring Wealth announces merger of Retirement Wealth Specialists and Security Financial Management; Moneta acquires Juniper Wealth Advisors; Integrated Partners adds CoFi Advisors.
Final Fiduciary Rule Goes to OIRA for Review
The controversial rule will likely be published later this spring, with changes anticipated.