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May 22, 2013
Tackling Debt Trumps Saving for Most Millennials
May 22, 2013 (PLANSPONSOR.com) - More than half (54%) of Millennials say debt is their “biggest financial concern currently,” according to a Wells Fargo Retirement Survey.
PRODUCTS -
May 22, 2013
T. Rowe Price to Launch Suite of TDFs
May 22, 2013 (PLANSPONSOR.com) – T. Rowe Price filed a preliminary prospectus with the Securities and Exchange Commission to launch a new lineup of eleven target-date funds.
PEOPLE -
May 22, 2013
Law Firm Adds to Employee Benefits Practice
May 22, 2013 (PLANSPONSOR.com) – Law firm Epstein Becker Green hired Jeffrey A. Lieberman in its employee benefits practice in the New York office.
PEOPLE -
May 22, 2013
Russell Expands DC Team
May 22, 2013 (PLANSPONSOR.com) - Russell Investments is further expanding its institutional defined contribution (DC) team with the appointments of Holly Hollub-Verdeyen and Kevin Knowles.
HR/BENEFITS -
May 22, 2013
DB Plans Outperformed DC Plans in 2011
May 22, 2013 (PLANSPONSOR.com) – Investment returns in defined benefit (DB) retirement plans outperformed those in defined contribution (DC) plans in 2011 by the widest margin since the mid-1990s, according to a new analysis.
PEOPLE -
May 22, 2013
Unified Trust Hires Retirement Investment Analyst
May 22, 2013 (PLANSPONSOR.com) – Unified Trust Company hired Andrew Windsor as a retirement investment analyst.
RULES/REGS -
May 21, 2013
ASPPA Makes Suggestions for In-Plan Roth Rollovers
May 21, 2013 (PLANSPONSOR.com) – The American Society of Pension Professionals & Actuaries (ASPPA) filed a comment letter with the Internal Revenue Service about in-plan Roth conversions.
PEOPLE -
May 21, 2013
Drinker Biddle Hires Partner for Employee Benefits
May 21, 2013 (PLANSPONSOR.com) – Frances P. LaFleur joined Drinker Biddle & Reath LLP as a partner in the firm’s Employee Benefits and Executive Compensation Practice Group.
HR/BENEFITS -
May 22, 2013
403(b) Plan Sponsors Continue to Improve Plan Value
May 22, 2013 (PLANSPONSOR.com) – 403(b) plan sponsors continue to make changes to improve the value of their plans and the retirement readiness of participants, according to the latest benchmarking survey.
HR/BENEFITS -
May 21, 2013
Plan Sponsors Continue to “Automate” Participant Decisions
May 21, 2013 (PLANSPONSOR.com) – Plan sponsors are increasingly adopting features to help overcome participant inertia, a survey found.
PEOPLE -
May 21, 2013
Mercer Names Principal for Investments Business
May 21, 2013 (PLANSPONSOR.com) – Mercer named Sabrina Bailey a principal in its Seattle Investments business.
PEOPLE -
May 21, 2013
T. Rowe Price Names Head of International Fixed Income
May 21, 2013 (PLANSPONSOR.com) – T. Rowe Price International Ltd named Arif Husain head of international fixed income.
PRODUCTS -
May 21, 2013
Towers Watson Announces Health Care Exchange Providers
May 21, 2013 (PLANSPONSOR.com) – Towers Watson announced the first group of health insurers to agree to offer health plans in its private exchange for active employees.
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May 21, 2013
Workplace Wardrobes Can Get Wacky
May 21, 2013 (PLANSPONSOR) – A word of advice for workers considering wearing pajamas, a chicken suit or parachute pants to the office—don't.
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May 21, 2013
Retirement Age on the Rise
May
21, 2013 (PLANSPONSOR.com) – The average retirement age today is four years
older than it was in 1991, according to Gallup’s annual “Economy and Personal
Finance” survey.
HR/BENEFITS -
May 21, 2013
Retirement Planning Should Include More Variables
May 21, 2013 (PLANSPONSOR.com) – Many preretirees or nonretirees are not accounting for inflation, taxes, health care and other factors in their retirement planning, according to a new survey.
HR/BENEFITS -
May 20, 2013
Early Boomers Last to Retire Comfortably
May 20, 2013 (PLANSPONSOR.com) – Early boomers, born between 1946 and 1955, may be the last group with enough savings to maintain financial security through their retirement, according to a study.
HR/BENEFITS -
May 20, 2013
Who Worries More, Men or Women?
May 20, 2013 (PLANSPONSOR.com) – Retirement savings, health issues and their children’s finances are concerns for women; while men worry about debt, both household and the national level.
RULES/REGS -
May 20, 2013
Bill Aims to Fend Off Fiduciary Status for Appraisers
May 20, 2013 (PLANSPONSOR.com) – Congressmen have introduced a bill to modify the definition of fiduciary under the Employee Retirement Income Security Act (ERISA).
HR/BENEFITS -
May 20, 2013
Jacob and Sophia Top Baby Names List
May 20, 2013 (PLANSPONSOR.com) - Jacob and Sophia are repeat champions as America’s most popular baby names for 2012.