The Mental Health Benefits Push
Employee benefit providers are seeing demand for mental health programs to supplement retirement saving and financial wellness offerings.
News
As Health Costs Dominate Budgets, HSAs Continue to Emerge as Retirement Saving Vehicles
Expert says the marketplace has approximately 36 million HSAs, housing more than $100 billion in assets.
AI Is Reshaping Financial Wellness, but Can It Improve Retirement Savings?
Generative AI is already impacting financial wellness tools, but in coming years, it’s likely to have a greater role in...
Are You Ready for Class Action Health Care Plan Fee Litigation?
Joanne Roskey, a former DOL solicitor and current ERISA attorney, discusses how to prepare for the likely wave of litigation...
May Climate Funds Be Used in DC Plan Menus?
Yes, as long as they don’t come at the cost of participants’ investment outcomes, according to Wagner Law Group.
Investment Product and Service Launches
North American Company introduces Goldman Sachs index; Jackson enhances Perspective variable annuity benefit suite; Altruist launches multiple account bundling.
Why Almost Half the ‘Sandwich Generation’ is Delaying Retirement
Nearly one out of every two Americans between the ages of 40 and 59 are using retirement savings to support...
Former American Airlines Pilot Fires Back in Retirement Plan ESG Suit
The plaintiff doubles down on allegations the airline defaulted him into ESG-related funds.
Adviser Product Partnerships – 8/30/23
IPX Retirement partners with benefits provider and advisory on plan solutions; FIDx adviser partnerships lead to $1B in annuity contracts;...
RiXtrema Launches AI-Driven 401(k) Client Engagement Tool
401kAI leverages artificial intelligence to analyze and summarize retirement plans and generate custom pitches, according to the technology firm.
TPA Strongpoint Partners Adds Pension Financial Services to Network
Strongpoint will have more than 4,000 plans and $7B in assets under administration with the deal.
DOL Beats ForUsAll Crypto Suit
A federal court ruled there was no legal basis for complaints challenging the DOL’s compliance bulletin cautioning use of cryptocurrency...
Advisers: Roth Catch-Up Extension Welcome, Clarity Still Needed
Retirement plan advisers were happy to tell plan sponsors about the two-year Roth catch-up extension. But the hard work isn’t...
Wells Fargo Agrees to Pay $35 Million for Overcharging Advisory Accounts
The registered investment adviser overbilled clients with custom rates by maintaining inadequate procedures, the SEC said.
Smart Widens Fiduciary Services, Including for Pooled Employer Plans
Smart is joining the push into PEPs with an offering geared toward advisory firms and providers such as recordkeepers, asset...
Fidelity Finds 22% of Plan Sponsors Actively Searching for New Adviser
Among those looking, 38% they were seeking an adviser offering more extensive services.
NQDC Plans, Which Can Improve Retention, Are Underutilized by Participants
According to NFP, the vast majority of employers feel competing for talent is ‘more expensive than ever,’ and businesses are turning to creative offers to keep executives satisfied without...
Goldman Sachs Sells Personal Financial Management Unit to Creative Planning
The transaction is expected to close in the year’s fourth quarter.
Advisory M&A
Creative Planning adds CTB Financial Services; TFS Wealth Management joins Pensionmark; Highland Private Wealth sub-acquires Trellis Advisors; and more.
IRS Extends Roth Catch-up Contribution Deadline
The IRS extended the requirement by two years to 2026 so that any catch-up contributions from higher income earners must...