A case set to go to the U.S. Supreme Court for a decision about who bears the burden of proof when fiduciary harm is alleged in ERISA cases has been settled. Two legal experts weigh in.
Edukate’s 48,000 users can engage with Gradifi’s solutions once their employer adds the benefit to their platform.
While defined contribution plans showed resilience during the Great Depression and recovery, more can be done to help participants, Transamerica Center for Retirement Studies says.
As a result of seeing their estimated income, almost half of all workers (48%) increased their retirement savings, LIMRA SRI finds.
According to E*TRADE, the tool aims to help participants understand how proper utilization of proceeds can meet financial goals, among other things.
The modifications take into consideration changes related to qualified plan loan offsets and other statutory changes.
The “Saving at Work for a Rainy Day” report indicated that seven in ten employees would likely participate in an employer-based rainy-day savings program.
Higher short-term rates translate into additional income for investors from their bond portfolios, and their fixed-income allocation should provide greater ballast for the more volatile equity component of their portfolios, says Joseph Davis, with Vanguard.
Oppenheimer is the 12th largest U.S. mutual fund family by assets.
The Wagner Law Group Welcomes Attorneys Quinn and Burwick; Independent Retirement Hires Retirement Plan Consultant; SageView Hires Managing Director; and more.
There are several bases on which the court could impose sanctions.
EBRI says that if the Automatic Retirement Plan Act of 2017 was combined with auto-portability, the retirement savings shortfall of $4.13 trillion would be reduced by $932 billion, or 22.6%.
Senator Patty Murray (D-WA) sent a letter to Government Accountability Office (GAO) requesting a study on the QDRO process.
One option is through a profit sharing plan that invests the money in an annuity once a participant retires.
Principal Milestones, which includes iGrad’s Enrich financial wellness program, helps participants access comprehensive financial education resources all in one place.
MassMutual debuts RetireSMART TDF series with J.P. Morgan glide paths, while AXA doubles down on SRI/ESG integration.
“While PRT can be a highly effective tactic for plan sponsors to reduce risk and shift liabilities off their books,” MassMutual says, “it’s possible to increase pension costs and risks if a PRT is not executed with long-term goals in mind.”
The new support option will connect retirement plan sponsors to Principal client service associates in real time throughout their work day.
A DOL investigation found the business owner used benefit plan contributions for corporate and personal expenses.
Consumers that are already enrolled in HSAs are more fluent, more engaged, and make savvier health and financial decisions than the general public, Alegeus finds.