Pandemic Disruptions Still Affecting Savers
A sizable majority of savers say the pandemic has been ‘highly disruptive’ to the way they manage their finances.
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Considering Multiple QDIAs
Using dynamic qualified default investment alternatives can create opportunities to engage with participants as they transition from target-date funds to managed accounts.
Funding the Future Self
To their detriment, plan participants often fail to opt in to in-plan financial advice—but that may be changing.
Target-Date Glide Paths Are Not Personalized Across Industries
Plan sponsors across industry sectors and with widely different wages for workers are using essentially the same target-date fund glide paths, research shows.
Plaintiffs Claim AME Church Plan Is Subject to ERISA
A consolidated class action complaint claims that the church’s 401(k) plan elected to be governed by the Employee Retirement Income Security Act.
Large Employers Increase Focus on Workers’ Health and Well-Being
Despite rising health care costs, employers expect to cover 82% of the cost of employee coverage in 2022, up from 80% the year before, research shows.
Florida Governor Bars State Funds From ESG Investing
DeSantis contends that applying climate and racial sensitivity to asset allocation could harm financial performance.
Retirement Plans Outperformed the S&P 500 During a Volatile Second Quarter
401(k) savings rates remained near record levels.
Connecting Student Loan Debt, Inflation and Retirement Saving
Workers’ short-term financial worries about student loan debt and job security can derail retirement planning.
Plan Sponsor Activity Hits New Highs in 2022
A Fidelity survey finds that employers recognize advisers have a role in attracting and retaining employees.
Plan Progress Webinar: Plan Design Considerations to Boost Outcomes
Experts suggest plan sponsors pair automatic features with multichannel education and emphasize to workers that they should save for retirement at a rate higher than the enrolled minimum....
Plaintiffs Say Swiss Re Plan Fiduciaries Committed Breaches
The plaintiffs suggest their retirement plan’s fiduciaries failed to fully disclose the expenses and risk of the plan’s investment options to participants and beneficiaries, among other allegations.
Employer Health Care Costs Will Spike Less Than Inflation
Insurance costs were muted during 2020, the first year of the COVID-19 pandemic, but they will return to rise at ‘more typical levels,’ research shows.
Retirement Industry People Moves
Schroders announces strategic changes to U.S. distribution team; Strategic Financial Solutions joins Commonwealth Financial Network; NexPoint distribution team makes four new hires in July; and more.
Latest ERISA Complaint Targets Marmon Holdings
Similar groups of plaintiffs represented by law firm Capozzi Adler have met with mixed success in pursuing nearly identical claims.
The Connection Between Emergency Savings Accounts and Retirement
Research shows that for low- and moderate-income workers, access to emergency savings accounts is likely to bolster retirement contributions and provide greater financial security.
Market Cynicism Has Increased Retirement Anxiety
Allianz Life data show that the negative economic outlook is spilling into retirement worries for participants.
Boomerang Kids Can Put Parents in a Retirement Jam
For retirement plan participants with adult children who have returned home—so-called boomerang kids—Roth options can help.
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Investment Product and Service Launches
Vanguard will introduce environmental opportunities fund, while Lincoln Financial and Stadion Money Management partner on StoryLine Dynamic, a qualified default investment alternative program.
In Private Letter Ruling, IRS Permits DB-to-DC Asset Transfer
The ruling only applies to the case at hand, but there are still lessons to be learned from an employer’s successful appeal to transfer excess assets from a...