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Why to Consider Minority Stake PE Investments
Minority stake investments made by private equity firms are common in some industries. Might the registered investment adviser space be next?
T. Rowe Price: 401(k) Participation Nears 80%
What is particularly encouraging is that 37% of plans on T. Rowe Price’s platform automatically enroll their participants at a 6% or higher deferral rate.
Transamerica Offers Suite of Health Savings, Spending Accounts
The offerings include an HSA, HRA and FSA.
John Hancock ERISA Challenge Moves Ahead Digitally
It now appears the self-dealing lawsuit will proceed to discovery, as a judge has digitally denied John Hancock’s motion to dismiss.
Employees More Focused on Financial Planning Related to Life Events
Employees surveyed said their ideas and feeling about money varied greatly throughout each life stage, and 40% identified more with others who are going through similar life events...
Where Are They Now? A Mother-Daughter Team at Cafaro Greenleaf
Dorann Cafaro, one of the earliest winners of the Retirement Plan Adviser of the Year award, has retired from the practice. Her daughter, Jamie Greenleaf, says the focus...
Retirement Industry People Moves
Tiedemann Advisors selects Family Governance head; Mutual of Omaha promotes national 401(k) sales director; Tech and client services head joins ICMA-RC; and more.
Advisers as Advocates for Systemic Change
Jamie Kalamarides is president of Prudential Group Insurance. He recently jumped on the phone with PLANADVISER for a frank and engaging Q&A focused on the results of his...
Sutter Health 403(b) Plan the Target of Excessive Fee Suit
Defendants are accused of failing to leverage the size of the plan to negotiate for lower investment and recordkeeping fees, among other things.
Senate Bill Would Allow Catch-Up Contributions in 2021, 2022
The proposal would allow catch-up contributions in those years equal to the difference between an individual’s actual contributions and current federal limits on these accounts.
Advisers Giving Back: Kelli Davis and CSi Advisory Services
Among other efforts, the firm dedicates significant time and resources to causes that fight hunger and support financial literacy among girls and young women in Indiana.
Investment Product and Service Launches
Lincoln Financial Group releases new guaranteed lifetime income option; MUFG adds Broadridge loan tracker; and USI Advisors adds Investment Metrics portfolio solution.
Matrix Trust Co. Accused of Being Deceptive About Fees
The lawsuit says the defendants’ did not disclose that they were retaining non-float and float cash interest and 12(b)-1 fees retirement plan accounts were earning.
Despite COVID-19, Asset and Wealth Management Deals Surge
Two deals, by Morgan Stanley and Franklin Templeton, stand out, according to PwC.
SEC Proxy Voting Rules Are Quickly Criticized After Finalization
Advocacy organizations representing the fiduciary advisory industry are smarting after the Securities and Exchange Commission finalized restrictive new proxy voting rules.
IRS Updates Operational Compliance List With 2020 Items
The list, updated with provisions of the SECURE Act, identifies matters that may involve either mandatory or discretionary plan amendments depending on the particular plan.
15th Anniversary of RPAY: Mike Goss and Fiduciary Investment Advisors
The firm has grown tremendously since it was recognized as the Retirement Plan Adviser Team of the Year in 2009, and it recently underwent a significant merger.
Lawsuit Suggests Relationship With Recordkeeper May Have Caused Excessive Fees
The plaintiffs say fiduciaries of Koch Industries-affiliated DC plans allowed them to pay up to six times more than what similarly sized plans would have paid for such...
Mentorship, Diversity and Opportunity
Successful advisers say mentorship is a key to solving the industry’s clear and present diversity problem.
Doll Says Recession Will Be Deepest Since WWII
But the chief equity strategist at Nuveen expects it to be short-lived.