New SEC Adviser Says Consumer Protection is Top Priority
Barbara Roper, who is known for her extensive work on financial services consumer protections as a leader of the Consumer Federation of America, is becoming a senior adviser...
Latest News
Retirement Industry People Moves
Rebalance hires retirement services director; Cuna Mutual Group selects new leadership; and TRA adds regional sales consultant.
Chamber of Commerce Says Cookie-Cutter Excessive Fee Suits Harm Participants
After pointing out the flaws in excessive fee allegations and what it says is the real motivation for the lawsuits, the agency asked the court in a case...
GAO Makes Recommendations to Help Participants Better Understand Fee Disclosures
The agency found 45% of participants are not able to use the information they are given and 41% erroneously believe they don’t pay any fees.
Benefits |
Essentials to Limit Loans and Hardship Withdrawals
Plan sponsors should educate their employees about distributions, and they can help their workers set up emergency savings accounts to avoid tapping into retirement funds.
Products |
Investment Product and Service Launches
Vanguard adds active equity funds to Personal Advisor Services solution, and John Hancock introduces mortgage-backed securities ETF.
Benefits |
As Delta Concerns Grow, Workforces Are Rethinking Open Enrollment
The new variant is causing some employers and employees to reconsider their priorities for 2022 benefit selections.
Industry Ripe for Development of Retirement Income Products and Solutions
David Blanchett, QMA’s newest managing director and head of retirement research, talks about the growing importance of retirement income solutions in DC plans and other investment menu considerations...
A Reminder of What IRS Examiners Will Look for Regarding NQDC Plans
An updated audit technique guide discusses the doctrines of constructive receipt and economic benefit, as well as IRC Section 409A, to explain when NQDC deferrals are included in...
Retirement Plan Sponsors Have Ultimate Responsibility for Operational Compliance
Indemnification clauses in service provider contracts, PEPs and 3(16) administrators can reduce plan sponsors’ fiduciary burden, but none offer complete protection, attorneys say.
Products |
Franklin Templeton Partners With Stadion to Offer Personalized Managed Accounts
The growing trend toward personalization in retirement accounts motivated the partnership between the two firms, Todd Lacey, with Stadion, tells PLANSPONSOR.
DB Plans and Social Security Are Wealth Equalizers
A study finds the programs are substantial resources for Black and Hispanic families and adding them into wealth considerations lowers the racial wealth gap, which researchers say shows...
Benefits |
Small Companies’ Options for Offering a Retirement Plan Are Growing
A new generation of fintech providers is coming to market as the number of state-run plans is growing, giving small businesses a choice for offering employees a retirement...
Participants Prefer Socially Responsible Funds Over Traditional Investments
A Morningstar study found participants are more likely to invest in funds with high DEI or gender equality scores.
Court Tosses PNC Excessive Recordkeeping Fee Suit
The plaintiffs have already filed an amended complaint after a judge found that their allegations were insufficient to state a claim.
What DC Plan Participants Should Know About Their Own ‘Funded Status’
Plan sponsors can help participants understand how interest rates and inflation affect lifetime income disclosures to help them avoid panicking and prepare for retirement.
Retirement Industry People Moves
Principal announces executive promotions; Aegon appoints chief technology officer; Mutual of Omaha Retirement Services promotes two; and more.
Plan Progress Webinar: Benchmarking Your Recordkeeper
Experts discussed what to evaluate when benchmarking recordkeepers, the differences between an RFI and an RFP and what to ask about cybersecurity processes.
People Like ‘Guaranteed Income’ Over an ‘Annuity’
Not only does a name change increase the appeal of annuities, but framing them as insurance against running out of money in retirement does even more so.
Lawsuit Says Baptist Health South Florida Didn’t Follow IPS
The claims are typical of excessive fee lawsuits, but the plaintiffs’ lawyers attempt to cover their bases by addressing issues that have caused claims in other suits to...