Search results for: the blank effect
Book Reveals Wide Range of 401(k) Plan Fees
The average total plan cost for a small 401(k) plan (100 participants) is 1.3%.
Prudential Makes Total Retirement Solutions Leadership Changes
Prudential Retirement, a business unit of Prudential Financial, has announced leadership appointments in its Total Retirement Solutions (TRS) area.
Diversified Redesigns Tool to Help Participants Stay "OnTrack"
Diversified has introduced the next generation of its personalized retirement planning tool for participants.
Ghilarducci Suggests Giving Private Workers Access to State Pensions
Teresa Ghilarducci, director of The New School's Schwartz Center for Economic Policy Analysis (SCEPA), drafted a proposal to offer low-fee, low-risk personal retirement accounts to all workers by...
Merrill Lynch Offers Insights for Global Investing
Merrill Lynch Wealth Management and Eurasia Group address investor concerns over the fragility of global markets in a new white paper and Webcast, titled, “The Great Global Shift:...
IRS Will Amend Interest Crediting Rules for Hybrid Plans
The Treasury Department and the IRS intend to postpone the effective/applicability date regarding special rules for statutory hybrid plans, relating to interest crediting rates under a cash balance...
Invesco Adds Consulting Series to PlanForward Program
Invesco is adding a consulting series to its PlanForward program, designed to help advisers and consultants build a compelling value proposition and enhance their brand recognition.
DoL Discusses Participant Fee Disclosure Regs
The U.S. Department of Labor held a Webcast earlier this week to summarize its final fee disclosure regulations and answer questions on the rules.
Court Upholds Decision in Excessive Fee Case
The 3rd U.S. Circuit Court of Appeals has upheld a district court ruling dismissing charges that Unisys Corporation and Fidelity Management Trust Company caused participants in Unisys’ retirement...
IRIC Calls for Retirement Income Menu in 401(k)s
The Institutional Retirement Income Council (IRIC) is encouraging plan sponsors to begin offering plan participants more options for generating retirement income.
Legal Group Wants Ruling on Use of Retail Funds Reversed
A California employer group has filed an amicus brief in a case over whether 401(k) plan fiduciaries breached their duties by selecting retail-class mutual funds over institutional-class funds.
ASPPA Clarifies Stance on Definition of Fiduciary Proposal
In light of recent statements regarding its position on the proposed definition of fiduciary regulation, the American Society of Pension Professionals & Actuaries (ASPPA) reiterated its support of...
Effect of Longevity Annuity Price Changes on Retirement Income
As the price of a longevity annuity increases and as longevity risk grows, more initial retirement wealth is needed and the degree of annuitization needs to be increased,...
The Wait is Over for 2010 Form 5500 EZ
Those who have been waiting for the new Form 5500 EZ need wait no longer.
EBSA Set to Make Fee Disclosure Deadline Extension Official
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will publish in tomorrow’s Federal Register a notice proposing to extend and align the applicability dates for its...
Lifetime Income Options Scheduled for Review by IRS
Proposed regulations for lifetime income options are under review at the Internal Revenue Service.
EBSA Asks for Comments on ICR Extensions
The Employee Benefits Security Administration (EBSA) has requested comments on the proposed extension of three information collection requests (ICRs).
Adviser Opportunity Abounds in 403(b) Market
Aaron Friedman, national practice leader for nonprofit consulting at The Principal, says "there is still a huge opportunity for advisers to step in and help."
FINRA Fines Nuveen $3M over Auction Rate Securities Marketing
The Financial Industry Regulatory Authority (FINRA) has fined Nuveen Investments, LLC, $3 million for creating misleading marketing materials used in sales of auction rate preferred securities (ARPS).
Duke Energy Settles Cash Balance Suit for $30M
A federal judge in South Carolina approved a $30 million settlement against Duke Energy over its conversion to a cash balance retirement plan.