Annuity Consultants Tout SPIAs as Best Income Option
Michelle Richter-Gordon and Mark Chamberlain are seeking adviser feedback on a digital guide touting the virtues of single premium immediate...
Tag: 401(k) plan
Judge Recommends Dropping Most of $4.2B Retirement Plan Suit Against Nestlé
A U.S. District Court judge sided with Nestlé’s motion to dismiss most of the claims in a 401(k) class action...
Huntington National Bank, PAi Partner on 401(k) Solution
The new solution will help to promote plan participation and engagement.
How Plan Sponsors Feel About Financial Advisers
For plan sponsors, having dedicated financial advisers to help with investment oversight brings added peace of mind, a survey says.
PPL Corp. and Mass Brigham General Face ERISA Lawsuits
Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.
Coronavirus News for Plan Advisers
Focused analysis of market movements, business challenges and legislative and regulatory actions.
Weighing 403(b)s versus 401(k)s for Nonprofits
In most cases, the 403(b) is the better option.
ShareBuilder 401(k) Waiving Set-Up Fees Through 12/20
Companies with more than one employee can save up to $995 in set-up costs for a new 401(k) plan.
For Retirement Security, Cast a Wide (and Cost-Efficient) Net
Only 2% of small business decisionmakers told Millennium Trust that they would be willing to pay an adviser more than $1,000 annually, writes Kevin Boyles, business development director...
Groups Ask DOL to Make 401(k) Electronic Delivery the Default
ICI, SPARK and the ACLI are among the eight organizations making the request.
Bill Reintroduced to Create Federal Retirement Commission
The Federal Retirement Commission would conduct a comprehensive review of private benefit programs in the U.S., with an eye toward strengthening them.
Compliance News
Legislative and Judicial Actions
Fiduciaries Get Final Win in Disney SuitA federal appellate court has affirmed a lower court decision in a lawsuit against...
Cash Back Program May Be Used for Student Loan Repayments
The EvoShare program also allows employees to receive up to 20% cash back on spending toward a 401(k) or 403(b) plan, and/or 529 plan.
Participants Favored Fixed Income in February
On 89% of the trading days, 401(k) participants moved the majority of their money into fixed income, according to the Alight Solutions 401(k) Index
Study Finds Alphabeticity Bias in 401(k) Investing
Investors tend to select funds at the top of an alphabetically organized list of funds.
Participants Report Being Knowledgeable About Retirement Plans
Just over six out of 10, 61.6%, said they engage with their retirement plan, according to a survey by Vestwell.
Pentegra Announces 401(k) Offering With Only SRI, ESG Investments
Pentegra will provide recordkeeping and 3(16) fiduciary administrator services, and LeafHouse Financial will provide 3(38) discretionary investment fiduciary services for the plan.
Trendspotting
The ‘Volatility’ Conversation
Advisers can help refocus participants on their respective time horizon
Americans Confident DC Plans Will Help Them Meet Their Retirement Goals
They also say that these accounts help them think about the long term and make it easier to save, an ICI survey found.
Best Practices for Financial Literacy Programs Among Local Governments
The Center for State & Local Government Excellence notes that with many local governments shifting benefits decisions to workers, those workers need help understanding finance basics.