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Salesforce Settles 401(k) Suits for $1.35M
Combined lawsuits filed in 2020 and then 2024 alleged excessive fees for a $5 billion retirement plan.
Raymond James Fined Over Mutual Fund Monitoring
FINRA fined two of the firm’s subsidiaries a total of $1.8 million for allegations of failing to properly review mutual fund purchases and reporting customer complaints.
Sponsored by MFS Investment Management
The Retirement Income Dilemma
What are we solving for and what have we learned so far?
Sponsored by MFS Investment Management
Cybersecurity Best Practices for Retirement Plans
The game is continually evolving for keeping plan data and systems safe. In this special coverage article, experts discuss how plan fiduciaries can stay up to speed.
Keys to Guarding Retirement Plan Data Against Human Error
Mistakes managing employer-sponsored plan data often expose vulnerabilities that can be exploited by bad actors.
AI Is Here. Fiduciaries Must Remain Diligent
Experts discuss how the benefits of artificial intelligence for 401(k) plan administration and management also come with risks to be questioned and considered.
What Investors Value in Financial Advisers
Morningstar revealed that investors prioritize personalized financial advice and goal-based planning.
Retirement Industry People Moves – 8/30/24
Corebridge elects Bousa to board of directors, appoints Moore as retirement services EVP; Maryland State Retirement Agency names Kim deputy CIO; Lincoln Financial appoints West as head of...
DOL Recommends Reopening Retirees’ Lawsuit Against IBM
The Department of Labor has backed an appeal by IBM retirees to reopen a lawsuit alleging the company used outdated mortality tables to determine the value of pension...
SPARK Meeting Addresses Roth Catch-Up Preparedness
Committee lays out recordkeeper and payroll provider workflow for the pending SECURE 2.0 Roth catch-up mandates.
Product and Services Launches – 8/28/24
AI Risk partners with Fynancial to bring AI to wealth management; YCharts announces holdings integration with Broadridge’s wealth aggregation platform; Moss Adams launches AI business services; and more.
Mutual Fund Managers ‘Dodge Bullet’ on Swing Pricing
The SEC decided not to move ahead with what the mutual fund industry had argued would be a costly proposal to manage market volatility.
Enhancing Client Engagement and Scalability Within Your Retirement Plan Business
A 401(k) advisory marketing specialist discusses Days 61-90—and beyond—for creating a successful practice.
Advisers Giving Back: Shane Hanson
Freedom Fiduciaries founder turned a 10-day trip running a basketball clinic for disadvantaged children into a lifelong mission to improve the lives of foster kids.
Government Watchdog Finds IRA Fiduciary Oversight ‘Lacking’
The GAO found numerous conflicts of interest and recommended the IRS work with the DOL to audit IRA fiduciaries.
Sequoia Adds $1.6B Wealth, Plan Advisory Arm
Sequoia Financial Group will acquire Eide Bailly’s wealth management unit in exchange for an equity stake in Sequoia.
Transamerica Reveals Greatest Retirement Dreams and Fears
While middle-class Americans dream of an ideal retirement, they are increasingly anxious about financial security, according to Transamerica’s latest report.
Older Workers Step In as Share of Prime-Age Cohort Falls
A new EBRI analysis indicates older workers continue past traditional retirement age, calling for attention by employers to retirement plan design.
CFP Board Announces $500,000 Gift for College Scholars Program
The donation from financial professionals Charles and Judy Goldman will provide financial assistance to college students seeking CFP certification.
Compensation Gap Widens Between Companies, Workers
A growing disparity exists between employee expectations and the salary and support companies plan to provide, according to a new survey and a hiring expert.