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IRS Determination Letter Program Remains Limited in Scope
ERISA attorneys detail the recent expansion of the IRS determination letter program, and what it means for plan sponsor clients.
Retirement Industry People Moves
Aegon Asset Management Hires Distribution Head; TRA Acquires Virginia TPA Firm; American Century Investments Names Senior Retirement Strategist; and more.
Advisers’ Leading Role in Cybersecurity
It is important to ask what cybersecurity means to retirement plan service providers and fiduciary advisers—and what steps they can take to ensure the safety of participant assets...
IRS Indicates 403(b) Initiatives Coming This Summer
However, 403(b) plans are in a remedial amendment period, and the IRS has offered much help for them to be in compliance with regulations.
Excessive Fee Suit Filed Against Greystar Management
The lawsuit accuses the sponsor of a small 401(k) plan with failing to monitor and correct excessive fees.
As Bull Market Ages, Coaching Investors on Volatility Remains a Must
Novice investors’ reactions to stock market volatility present an endless and intriguing field of study for behavioral economists, but for financial advisers, poor client decisionmaking is a serious...
Many Parents Draining Savings to Help Children
The Bank of Mom and Dad is playing a major role in the U.S. housing market, according to Legal & General Group, putting some parents' retirements at risk.
AICPA Offers Best Practices for Benefits Record Retention
The American Institute of Certified Public Accountants issued a plan advisory that reminds plan sponsors of ERISA record retention rules and also offers best practices for protecting personal...
MassMutual Adds Student Loan Repayment Program to Financial Wellness Tools
Once the Student Loan solution has been elected by an employer and implemented through Tuition.io, MassMutual integrates the program as part of its MapMyFinances financial wellness tool.
John Hancock Introduces Participant Online Learning Center
My Learning Center offers a financial wellness assessment, retirement calculators, webinar recordings, podcasts, videos, articles and other resources previously available in different areas of the participant website, all...
Fee Considerations Drive Mutual Fund Purchases
Investors also look at historical performance and performance compared to an index, ICI found.
Congress Called (Again) to Get Serious About Union Pension Crisis
Apart from discussing the RESA legislation, witnesses and Senators at a Finance Committee meeting spoke about the pressing need to address severe funding shortfalls faced by some union...
RESA, RSSA, SECURE Act and More Pile Up in Congress
Sources say the SECURE Act could pass the House this month, potentially setting the stage for a reconciliation process that could bring together common elements of multiple pending...
LifeYield Service Seeks Tax-Smart Retirement Paychecks
Subscribers of LifeYield’s Proposal Advantage Suit and Taxificient Score will gain access to the “tax-smart” retirement income planning tool.
Another Bill Proposed as Senate Committee Hearing Brings Calls for Retirement Action
Besides a lengthy Finance Committee hearing discussing the popular RESA legislation, the day on Capitol Hill also brought news of the introduction of the new Retirement Security and...
Many Retirees Wish They Had Delayed Taking Social Security Benefits
MassMutual says a married couple that lives into their 90s but decides to begin their Social Security benefits at age 62 as opposed to age 70 could be...
Institutional Plans See Strong Q1 2019 Returns
U.S. equities were the driver of rebounds from the 4th quarter of 2018, according to the Northern Trust Universe and the Wilshire Trust Universe Comparison Service.
ERISApedia Adds 457 Plan eSource to List of Titles
Timothy McCutcheon, publisher of ERISApedia.com says the e-book will allow 457 plan professionals to find guidance on their compliance issues easily and quickly.
Litigation Financing Could Drive 10b-5 Lawsuits
Attorneys suggest that litigation financing is not a common practice in ERISA lawsuits, but complaints filed under SEC Rule 10b-5 are a different matter.
Wealth Industry M&A Accelerating Steadily
On the 12 transactions tracked by Fidelity in April 2019, 11 involved registered investment advisers and one involved an independent broker/dealer.