Retirement Plan ‘Leakage’ Rises Slightly Due to Hardship Expenses
New data show a slight uptick in participants turning to retirement savings to cover hardship expenses.
Tag: Vanguard
Vanguard: DC Balances Hit New Highs in 2025
A preview of ‘How America Saves 2026’ revealed strong plan design and participant behavioral trends drove record savings last year.
Vanguard Reaches $29M Settlement in Proxy Voting Case
BlackRock Inc. and State Street Corp., which were also named in the complaint, have not settled.
Judge Dismisses Complaint Against Vanguard Over Transfer Fees
A federal judge dismissed a complaint challenging Vanguard Marketing Corp.’s $100 fee for customers who close their brokerage accounts and...
Missing RMDs Cost Investors $1.7B in Penalties, per Vanguard
More than half of investors with IRA balances under $5,000 missed their required minimum distribution in 2024, according to research by Vanguard.
Vanguard Predicts AI-Centered Economy, Steady Inflation in 2026
The US is positioned for a modest 2.25% acceleration in economic growth and 2.6% core inflation, according to Vanguard’s 2026...
TIAA, Vanguard to Offer Target-Date Lifetime Income CIT Series
The product embeds the TIAA Secure Income Account, a fixed annuity, in a target-date fund.
4 in 10 Eligible Small Business Employees Not Part of Company Retirement Plan
Transportation and warehousing have the lowest rate of plan participation among all sectors—just 45%.
Distribution Flexibility Helps Retirees Preserve Assets, per Vanguard
New research found participants with flexibility were 35% more likely to remain in-plan three years after retirement and held larger...
SEC Fines Vanguard and Empower More Than $25M for Adviser Compensation Disclosure Failures
The two companies allegedly provided misleading statements and failed to disclose conflicts to retail and retirement plan investors, according to...
Automatic Plan Features Help Participant Savings Rates Stay Resilient in 2024, Says Vanguard
The average 401(k) deferral rate was 7.7% in 2024—an all-time high and nearly one percentage point higher than the 6.8%...
DOJ, FTC State Position in ESG-Related Coal Suit Against Largest Asset Managers
The DOJ has taken a side in a case accusing BlackRock, State Street and Vanguard of suppressing prices in the...
Retirement Industry People Moves – 8/23/24
Cetera appoints Mackay president of Cetera Solutions; Vanguard announces Robinson as general counsel; OneDigital welcomes Grier as managing principal; and...
Product & Service Launches – 6/20/24
State Street Global Advisors launches IncomeWise solution; BlackRock expands active ETF platform with 2 ETFs; Vanguard reopens actively managed funds...
Vanguard Taps Former BlackRock Divisional Head for CEO
Vanguard appoints iShares head Salim Ramji to succeed Tim Buckley in July, the firm’s first external hire to the top...
Ascensus to Acquire Vanguard’s Individual 401(k) Business
Vanguard to shed its individual 401(k), Multi-SEP, and SIMPLE IRA Plans.
Vanguard Surpasses BlackRock for Top Spot in Asset Management Brand Ranking
The Broadridge Fund Brand 50 report shows the influence of brand on third-party fund selection.
Mercer Completes Acquisition of Vanguard’s Outsourced Investment Officer Business
Marc Cordover, Mercer’s US investments and retirement leader, will lead the newly acquired division.
Record Number of Participants Raised Deferral Rate in 2023, Vanguard Reports
On the other side of the equation, plan loans were up 12% year-over-year, and hardship withdrawals increased modestly.
Vanguard CEO Buckley to Step Down This Year
The asset manager’s board will commence a search among internal and external candidates, while CIO Greg Davis has added the...