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PBGC Publishes Fiscal Year 2018 Funding Update
“The multiemployer insurance program deficit has narrowed, but it clearly won’t keep the program from running out of money,” says PBGC Director Tom Reeder.
Military Families Working With an Adviser Have Far More Saved
They have more than $260,000 saved, compared with $82,000 for those without an adviser.
Retirement People Industry Moves
E*Trade and Edelman Financial Engines announce custody relationship; Edelman Financial Engines appoints former EBSA leader to board; Investment strategist joins FIA; and more.
Sponsors Still Focused on Fund Menu Simplification, Fee Transparency
Speakers at the Best of PSNC 2018 event in Boston said diversification remains incredibly important, but simplifying the fund menu is a win-win for participants and sponsors.
Americans Reporting Feeling More Exposed to Market Volatility
And a majority, 65%, say it is tougher now to get ahead financially than it was before the financial crisis, Natixis found in a survey.
Women Plan to Take Steps to Make Their Money Grow
However, only 24% of women say they are comfortable with their knowledge on investing, Fidelity Investments found.
Square Inc. Launches Affordable Small Business Benefit Offerings
To provide the benefits, the company partnered with technology-focused organizations.
Vanguard Integrates Health and Wealth With HSA Offering
In partnership with HealthEquity, Vanguard will offer plan sponsors the ability to provide an HSA solution to their employees that features low-cost Vanguard funds or the same investment...
Half of Small Businesses Have Researched Offering a 401(k)
But 55% decided to take no action.
Pension Funds, Asset Managers Create Principals for Firearms Manufacturers
The five principles serve as a conversation starter for investors to use when engaging companies to be active participants in protecting and enhancing long-term portfolio values by ensuring...
Investment Product and Service Launches
Archer and Wilshire Analytics Partner to Add Analysis; E*Trade Platform Expands Available ETFs; Vanguard Increases Active Fixed Income Offerings; and more.
Voters’ Retirement Confidence Declines
Yet, 23% are waiting three to five years before retirement to start working with an adviser, according to a survey.
ERISA Litigation, Regulation Landscape Set for 2019
Speaking to a room of plan sponsors and specialist consultants in Boston, two ERISA litigation experts offered a detailed review of recent action in big-ticket lawsuits impacting employer...
Newly Required Risk Assessment Could Help DB Plan Sponsors With Decisions
A new Accounting Standards Board Standard of Practice requires actuaries to identify risks that, in the actuary’s professional judgment, may reasonably be anticipated to significantly affect the defined...
What Would Encourage More ERISA Plans to Use ESG Investments?
When considering ESG investing, retirement plan sponsors are still concerned about performance and transparency, and some are confused by the latest DOL guidance.
Financial Wellness Programs Have Measurable Impact on Retirement Readiness
For a company with 50,000 employees, this could lead to a savings of $65 million to $97 million a year, Financial Finesse found.
Average Age Americans Plan to Retire Is 62
However, only 56% of people have calculated how much income they need to retire, MassMutual learned in a survey.
Informational Copies of 2018 Form 5500 Available
The “Changes to Note” section of the 2018 instructions highlights important modifications to the Form 5500 and Form 5500-SF and their schedules and instructions.
RightCapital, Commonwealth Partner on Financial Planning
RightCapital’s financial planning tool will integrate seamlessly into Commonwealth’s flagship system, Client360.
ERISA Litigation Insights From LexisNexis
Some 83,000 lawsuits have been filed under the Employee Retirement Income Security Act in federal district court since 2009, according to Lex Machina, a LexisNexis company; fewer than...