Ways NQDC Plan Participants Use Their Accounts
Section 409A nonqualified plans allow for various payment dates so participants can save for children’s college expenses and other financial needs and wants.
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Differences Between NQDC Plans Subject to IRC 409A and 457
The nonqualified plans offered to top executives at for-profit companies are subject to different rules than those offered to executives at nonprofits.
Natixis Accused of Self-Dealing in New Lawsuit
The lawsuit alleges that a preference for proprietary investments led to excessive fees and the continuation of underperforming investments in Natixis’ plan lineup.
Two Private Equity Firms Will Purchase Wells Fargo Asset Management
The deal means that GTCR and Reverence Capital will also acquire Wells Fargo Bank’s North American-based business of serving as trustee to its collective investment trusts (CITs) and...
Benchmarking Custom TDFs Is Not an Exact Science
However, there are methods to create a benchmark, and consultants and investment managers should be able to help.
Women’s Retirement Savings Especially Affected by the Pandemic
Offering employees flexible work schedules and access to financial advice are among actions plan sponsors can take to help.
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Prudential’s Financial Wellness Offering Now Includes Caregiving Resources
The firm notes that the coronavirus pandemic has added to the burden many caregivers bear and created more caregivers.
Legislation Offers Flexibility for FSAs
An IRS notice clarifies rules regarding elections without a qualifying event, an extended grace period for unused amounts and other provisions included in the Consolidated Appropriations Act, 2021.
Proposed Settlement Reached in Cerner ERISA Suit
The parties are asking a judge to approve the settlement, which includes monetary and non-monetary terms.
Retirement Industry People Moves
Reams selects fixed income professional as portfolio manager; Schroders announces recent hires in New York and Denver; ERISA attorney joins Jackson Lewis P.C.; and more.
Another Schlichter Suit Targets Sponsor and Providers
Even cases that allege potential wrongdoing on the part of a service provider are often targeted exclusively at the plan sponsor. Not so in the latest suit filed...
Participants Are Saving More With ‘TDF-Plus’ Strategies
A new study finds participants who blended funds were on track to replace more of their pre-retirement income than those who did not.
Settlement Published in Raytheon ‘Actuarial Equivalence’ ERISA Suit
The text of the settlement agreement and its accompanying exhibitory documents stretches to nearly 300 pages, underscoring the complexity of the fiduciary issues at hand.
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Investment Product and Service Launches
Vanguard releases international bond index fund; Putnam Investments will launch active ETF strategies; and Alger expands CIT offerings.
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Why Retirement and Emergency Savings Need to Go Hand in Hand
Nearly 30% of workers have no emergency savings fund, leading many to raid their retirement accounts.
Could There Be a Renewed Interest in DB Plans?
There are plan designs that decrease the risk and volatility for plan sponsors, and defined benefit plans offer the guaranteed lifetime income participants desire.
The Pandemic Hasn’t Affected Retirement Savings Overall
Some Americans report having difficulty saving for retirement during the pandemic, but researchers found 401(k) contributions remained steady and mass withdrawals did not occur.
Evaluating ‘To’ vs. ‘Through’ Glide Paths
The goal for account balances and participants’ distribution behavior at retirement can help plan sponsors determine which glide path is right.
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Employers Begin to See Long-Term Value of Stock Options
Equity compensation has not traditionally been used for retirement savings, but there are ways to incorporate it into employees’ long-term financial plans.
No Entitlement to Summary Judgment in Lowe’s ERISA Case
There are so many arguments back and forth in a case alleging imprudence in investment choices for Lowe’s 401(k) plan that a judge said no one is entitled...