PGIM Launches Retirement Confidence Index
The dataset provides plan sponsors with information on U.S. workers, controlled for demographic factors, and will be updated quarterly.
Latest News
Public Sector Workers Value Saving for Retirement, but Struggle With Debt
These workers, many of whom participate in 403(b) plans, are split on whether they are on track to achieve the retirement they envision, according to a Corebridge Financial...
Retirement Industry People Moves
Gallagher names new DB leader; Northwestern Mutual makes further moves in succession planning; National Institute for Public Employee Health Care Policy names new head; and more.
Congressional Democrats Introduce Child Savings Program
The legislation would create a savings program for children in qualifying families, with funds available to be withdrawn for higher education, business creation and home purchase.
Federal Thrift Savings Plan Reports Record Match Qualifiers, Total Assets
The plan’s matching rate is 5%, and the TSP increased the automatic enrollment contribution to 5% of income in 2020.
Products |
Investment Product and Service Launches
Nuveen collaborates with Morningstar to offer TIAA annuity; Savvy Wealth announces proprietary investment management program; Max Life launches Smart Wealth Annuity Guaranteed Pension Plan; and more.
Products |
New PEP Made Available by Ascensus, American Funds
The pooled employer plan is live from one of the country’s biggest PEP administrators alongside a leading TDF provider.
Beyond the Basics: When and Why a Second Retirement Plan Committee Makes Sense
Bigger organizations are more likely to need multiple standing or ad hoc groups to govern their plan or plans.
Maintaining Successful Committee Requires Continuous Education, Right People
A retirement plan committee should include a diverse range of individuals, as well as frequent fiduciary training and education, experts say.
How to Teach Fiduciary Responsibility to Plan Committees
Where to find education and training, how often to meet and how to confirm members are prepared to serve participants well.
Benefits |
Though Paid Leave Benefits Are Common, Industry Groups Seek Nationwide Standard
While the majority of employers offer some sort of paid leave, some employees are not taking full advantage of the benefit due to heavy workload and staffing issues.
Whatever Happened to CITs in 403(b)s?
It’s still a work in progress, as a legislative proposal makes its way through Congress.
Benefits |
EBSA’s Lisa Gomez Calls Auto-Portability Key to Retirement Security
The assistant secretary pointed to the start this week of the comment period on proposed auto-portability guidance.
More Than Half of Plan Sponsors View In-Plan Retirement Income as ‘Too Complex,’ Survey Finds
Plan sponsors expressed concerns about administrative complexity, cost and lack of quality choices when it comes to offering in-plan retirement income solutions, a Greenwald Research study found.
US Public Pension Plans Ended 2023 at Funding High
Late-year stock market rally drove a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman.
Empower Names Former Fidelity Exec to New Enterprise Role
Dave Gray has been named executive vice president of enterprise solutions to expand customer offerings.
OneAmerica Rebranding to OneAmerica Financial
The Indianapolis-based firm is updating its logo and website to clarify its focus on financial security.
DOL Lawsuit Alleges TPA Stole $5.5M in Retirement Plan Assets From 17 Clients
A restraining order has been filed in the Department of Labor lawsuit against Pennsylvania third-party administrator RiversEdge.
With Fewer Investable Assets, Minorities Fall Behind in Retirement Savings
Many Black, Hispanic and Native Americans tend to fall behind due to a lack of financial literacy, mounting debt and few investable assets, according to a new TIAA...
Retirement Industry People Moves
Dimensional names Rizova co-CIO; Shelton Capital Management targets retirement market growth; MissionSquare Research recruits retirement research head; and more.