The DOL says it settled upon the final rule after reviewing approximately 300 written comments and 6,700 form letters from a diverse set of stakeholders.
Nationwide announces new suite of in-plan annuities; SC Ventures and Northern Trust to launch Zodia Custody; Wilmington Trust and Neuberger Berman collaborate on CIT distribution; and more.
Interest rates were already stuck at stubbornly low levels even before the outbreak of the coronavirus pandemic, and the federal government has since signaled a commitment to accommodative...
Priorities of the National Association of Government Defined Contribution Administrators is in recently introduced legislation, including allowing 403(b) plans to invest in CITs.
Speakers at a Senate Finance Committee hearing called on legislators to create pathways for employers to support retirement savers with competing financial priorities, among other things.
Exchange-traded funds offer benefits for both DB and DC plan investors, and, with advanced technology in recordkeeping systems, sources foresee a growing use of ETFs in DC plans.
They are also giving serious thought to implementing emergency savings features and allowing participants to choose between a variety of benefits, Willis Towers Watson found in a survey.