Administration

Just because a plan is frozen, doesn’t mean fees will go away altogether.

More advisers are offering services pertaining to financial wellness and HSAs.

“Participant engagement growth has also been driven in part by employers making education more accessible with onsite meetings, webcasts and personal consultations,” Bank of America Merrill Lynch says.

The organization has issued a report analyzing what is working in DC plans and how the existing tools can be leveraged further.

 

One adviser explains that if a plan has $1 million in assets, even a single basis point reduction in fees among 20 participants can, on average, save each...

Effective April 1, the Aon Stock Fund was discontinued as an active investment option in the plan.

One suggestion is to give individuals access to smart tools, default options and advice that can help them increase their financial literacy and achieve success.

The purpose of the measurement determines which number is “right,” according to the American Academy of Actuaries.

Still, funded status is up for the year, according to one firm’s estimates.

The freeze begins January 2028.

Most participants tended to skim through online material, whereas those who read written content gained a thorough, enhanced understanding, research finds.

Vanguard researchers highlight several positive trends, including the growing adoption of automatic enrollment, target-date funds (TDFs), employer contributions, Roth options, and loan flexibility.

The company will be purchasing a group annuity contract from Prudential.

American General Life Insurance Company and Massachusetts Mutual Life Insurance Company have agreed to take on $1 billion of Accenture’s pension obligations.

An analysis covering the years 2006 through 2014 shows most of the 160 plans studied received insufficient employer contributions to maintain their unfunded liabilities.

By using some best practices, plan sponsors have moved the needle toward more plan participants taking action to reach an 80% income replacement goal, Wells Fargo data shows.

A session at the PLANSPONSOR National Conference presented BrightScope data relevant to anticipated developments in the retirement industry.

The final session at the PLANSPONSOR National Conference explored how one company’s innovative plan design extends prospects for retirement readiness to all of its full-timers, regardless of income...

Panelists discuss education and advice, and walking the line between the two.

Experts say the subject of financial wellness has been constantly evolving and becoming more sophisticated.