AON Boosts Staff to Further $1B Pooled Employer Plan
Aon continues pooled employer plan push, adding headcount to keep adding beyond over $1B in reported assets and commitments in its PEP.
DOL: More Time to Comment on Fiduciary Correction Program
The Department of Labor has extended the public comment period for a program that would allow fiduciaries to self-correct for retirement plan contributions that are not invested, rather than going to the DOL first.
529 Flows Dip to $1.5B, But Still Strong Amid Market Volatility
As of the fourth quarter of 2022, the total market for 529 savings plans rose to 16 million accounts with $411 billion in assets, according to data from ISS Market Intelligence.
SECURE 2.0 Passes Senate as Industry Overwhelmingly Hopes for House Passage
The bill, which is awaiting House vote, contains the most popular provisions while also giving time for actors to come into compliance.
Which Party Does the Financial Industry Support?
It’s complicated. Data shows that some sub-industries within finance tend to support Democrats while others support Republicans.
ERIC Publishes Letter Offering Support and Recommendations for SECURE 2.0
The letter offered broad support for many of the provisions in the three bills composing ‘SECURE 2.0’ and provided recommendations for the final legislation.
Annuities as Part of Target-Date Funds Grow in Popularity
Cerulli retirement research shows growing interest in TDFs with guaranteed income for plan sponsors’ lifetime income options among consultants.
Congressman Jim Himes Addresses Investment Adviser Association Forum
Congressman discusses pending retirement legislation, political polarization, sanctions policy.
Wilmington Trust Introduces Digital CIT Onboarding Tool
Plan adviser users of the tool can automatically pull key data for the plan they are advising into the system from the data contained in the IRS Form 5500 database.
Greater Access
Keeping Up with the Securing a Strong Retirement Act
Because different provisions are included in the House and Senate versions of the ambitious retirement reform legislation, a reconciliation process is likely in store.
RISE & SHINE Act Markup Scheduled
Why Small Business Owners Often Resist 401(k)s
Two of the reasons most commonly cited by small business owners for not offering a retirement plan are the beliefs that their business is too small to qualify and that they can’t afford a match.
House Easily Passes the Securing a Strong Retirement Act
The landmark retirement legislation passed the House by a margin of 414 to 5, setting the stage for debate and passage by the Senate.
Retirement Security Legislation In Focus on Capitol Hill
The house it set to vote on the ‘SECURE Act 2.0’ and hold a committee hearing focused on improving Americans’ retirement savings and investing opportunities.
High Hopes for Legislative Progress in Late 2022
Taking a cue from the process that led to the adoption of the SECURE Act in late 2019, one retirement industry policy advocate says the odds are good for passage of retirement-focused legislation by the end of the year.
Hub Expects Good Retirement Outcomes for American Workers
A solid retirement plan is essential for workers’ financial well-being and may be just as important as health benefits, the firm argues.
Efforts to Boost Americans’ Retirement Savings Continue at Full Speed
Congressional leaders and asset management executives say they are committing to furthering legislation to expand coverage and boost savings
House Committees Build Consensus on ‘SECURE 2.0’
As evidenced by Wednesday morning’s House Education and Labor Committee hearing, retirement security is a topic where strong bipartisan consensus is possible, even in an intensely divided Congress.
‘Secure Act 2.0’ Likely to Become a Reality
Retirement Plan Execs Confident Senate Will Pass the Bill Into Law