Some DC plan providers see big opportunity ahead in helping higher education institutions prepare their workforces for retirement via 403(b) and 457 plans.
Nearly two-thirds of 403(b) plan sponsors engage an adviser or consultant, and survey results suggest that this number could be on the rise, a Cerulli report says.
Although retirement assets were $24 trillion at the end of both years, the makeup of the market changed.
The IRS has issued updated procedures for requesting letter rulings and has made changes to VCP fees.
The court rejected the argument that “bargaining power” of participants is a requirement for a plan to be considered a “top hat” plan.
CUNA Mutual Retirement Solutions adds to stable value offerings for 457 and 403(b) plans; Index Fund Advisors “Investing for Catholics” division launches faith-based target-date fund.
The IRS announced it will not adjust most current contribution limitations for qualified retirement plans heading into tax year 2016, though some retirement-related tax breaks and other items have been adjusted.
Don MacQuattie joins the firm from Capital Group.
Lincoln Financial Group’s retirement plan services business made two additions to its institutional retirement distribution team focused on the government plans market.
Financial software and platform provider Sapiens International Corporation introduced improved eligibility and enrollment capabilities within its defined contribution recordkeeping platform.
Deals & People
Deals & People
Deals & People
2015 PLANADVISER Adviser Value Survey - The Influence of Advisers on Retirement Plans
The IRS has updated its website about 457(b) plan submissions to its voluntary compliance program.
An updated IRS web page tells retirement plan sponsors how to correct the mistake of using the wrong tax treatment of employee plan deferrals.
Aspire Financial Services launched an enhanced 403(b) enrollment and client service portal.
MassMutual Retirement Services has appointed eight new relationship managers to further support retirement plan sponsor clients.
Retirement planning software provider Trust Builders, Inc. is partnering with employee benefits and compliance expert Kristi Cook on the next release of The Retirement Analysis Kit (TRAK) system.
TSA Consulting Group, Inc., a provider of 403(b) and 457(b) retirement plan administration services, has acquired Security Financial Resources, Inc.’s 403(b) Plan Solutions Program.
Total U.S. retirement assets reached $23 trillion at year-end 2013, growing 15.6% during the year, according to an analysis from the Investment Company Institute (ICI).
Great-West Lifeco Inc., which owns investment services firms Great-West Financial and Putnam Investments, will combine the retirement businesses of both subsidiary companies.
PlanPilot, a retirement plan services consulting firm, is offering a new plan design database that supports higher education retirement plans.