Wells Fargo Pulls Back on Decision to Use T Shares
Although it did answer the question of whether the decision was made in response to the 5th U.S. Circuit Court of Appeals mandate to vacate the DOL’s fiduciary...
Latest News
IRS Again Extends Closed DB Plan Nondiscrimination Relief
The IRS and the Treasury Department have extended nondiscrimination relief for closed defined benefit plans for an additional year.
SOA Proposes New Public Pension Mortality Tables
The SOA said it developed the new tables once it was determined that public pensions have differing levels of mortality than private pensions. It is soliciting comments on...
OneAmerica Participant Survey Highlights Pervasive Student Debt Challenges
The OneAmerica survey examines other topics relating to participant financial wellness, including health care expenses and the use of health savings accounts as short- and long-term savings vehicles.
Benefits |
Retained and Invested HSA Assets Grow
Those who have HSA assets invested have a $16,007 average total balance, more than eight times larger than a non-investment holder’s average account balance, Devenir finds.
Weyerhaeuser Takes Steps to Reduce Pension Liabilities
The company is offering a lump-sum window, transferring some liabilities to a group annuity, making a contribution to its pension plan and transitioning to a liability-matching investment allocation.
401(k) Participants With Loans Save Less Than Those Without
Alight Solutions found a nearly $100,000 difference in 401(k) savings between participants who had loans outstanding and those who did not.
Unpredictable Retirement Age Calls for New Planning
Morningstar suggests individuals and their advisers must incorporate retirement age uncertainty in their retirement planning by focusing on saving.
LIMRA Reports Strong Pension Buy-Out Activity in 2018
Year-to-date, buy-out sales have been $9.6 billion, a 76% increase from the first two quarters of 2017.
Majority of 401(k) Participants Would Like Online or Financial Professional Help
They want help with calculating how much money to save for retirement, determining how to invest their 401(k) assets, determining the age at which they can retire, and...
ICI Finds Patterns in Retirement Plan Participant Loan Activity
ICI finds that two factors appear to influence DC plan participants’ loan activity: reaction to financial stresses and a seasonal pattern.
Retirement Industry People Moves
Ascensus Acquires PenSys; USI Names Retirement Services VP; Hooker & Holcombe Promotes Consultants; and more.
Court Finds All Claims Plausible in T. Rowe Price Self-Dealing Suit
The original complaint accuses T. Rowe Price 401(k) plan trustees of breaching their fiduciary duties under ERISA by either failing to remedy their predecessors’ breaches, or, in a...
A Combination of Changes Can Improve an Individual’s Retirement Outlook
For both the general public and mass-affluent households, saving more, choosing to invest one’s savings, delaying retirement and lowering standard-of-living expectations have a far greater effect on one’s...
Will Strong Support for RESA Remain After Mid-Terms?
Although Senator Orrin Hatch, champion of the Retirement Enhancement and Savings Act, is retiring in January, there is still much hope that many of his retirement plan proposals...
Cash Balance Plans Particularly Appealing to Small Businesses
Kravitz research found that 92% of cash balance plans are in firms with fewer than 100 employees.
Important Information Regarding Interest Rates’ Effects on Fixed Income Vehicles
An Insights article from Cammack Retirement notes how different fixed income vehicles perform under a rising interest rate environment and suggests DC plan sponsors offer a diverse menu...
Products |
Alight Announces Solutions Aimed to Reduce Employee Health Care Costs
The new solutions help employees find highly rated and cost-effective providers, guide them to the right programs and help them find lower cost prescriptions, which can reduce cost...
Missing Retirement Plan Participants Fare Better Than Those Who Cash Out
Despite intense DOL activity surrounding missing retirement plan participants, at least those participants’ retirement savings are preserved, say executives at Retirement Clearinghouse. And, focusing on a solution to...
Products |
Vanguard Offers Commission-Free ETFs
The launch will allow Vanguard Brokerage clients to access the vast majority of ETFs, from providers including BlackRock, Schwab, and SSGA, without incurring additional costs to purchase or...