News Archives | Page 393 of 2677

Products | February 21st, 2018

New Participant Portal at Bank of America Merrill Lynch

The revamped website will present employees with “a more simplified and interactive experience,” the firm says, while featuring data-driven recommendations.

Products | February 20th, 2018

Voya Increases Reach to Asian-American Market

In addition to unveiling its new Chinese name, Voya has been running commercials in Mandarin on Chinese television stations in a number of select U.S. cities.

Data and Research | February 20th, 2018

New 401k Averages Book Continues to Show Larger Plans Pay Lower Fees

The latest book was expanded to include 401(k) fee information on plans with large participant account balances.

Data and Research | February 20th, 2018

Research Suggests Most Retirees Able to Absorb Financial Shocks

However, changes in the retirement landscape suggest that future retirees will face much more difficulty.

Administration | February 20th, 2018

Segal Group Warns DB Plan Sponsors Not to Stray From Mortality Assumptions

Although the latest report from the NCHS show life expectancy at birth declined, mortality rates for the older population continue to support projections of longer life expectancy, The...

Compliance | February 20th, 2018

Court Dismisses Case Relating to Acquisition of Retirement Plan

One point the appellate court clearly noted is that the plaintiff did not allege that the new company failed to pay him any benefits he was owed.

Data and Research | February 20th, 2018

Study Suggests Annuity Ownership Increases Retirement Confidence

The research also found that retirees and pre-retirees who have a formal retirement plan are three times as likely to feel they are very prepared for retirement.

Products | February 20th, 2018

Providers Seek an Edge through Fee Reductions, Share Class Simplifications

Interviews with product development leaders at Charles Schwab Investment Management and Putnam underscore the fierce competition that drives providers’ evolving approach to setting fees and crafting new services.

Data and Research | February 16th, 2018

Tax Reform Linked to More Retirement Confidence

Nearly half of respondents to a LendEDU survey said they believe they will be able to retire sooner as a result of greater take-home pay due to tax...

Compliance | February 16th, 2018

Allegations Against Northrop Grumman Pared Down in Excessive Fee Suit

Complaints against individual defendants, however, were not dropped.

Deals and People | February 16th, 2018

Retirement Industry People Moves

Voya employs executive for Large Corporate Markets; T. Rowe Price offers Financial Engines services to clients; Wells Fargo Asset Management adds to Multi-Asset Solutions team; and more.

Compliance | February 16th, 2018

ERISA Does Not Preempt State ‘Slayer’ Laws

Citing other courts, an appellate court agreed that “Congress could not have intended ERISA to allow one spouse to recover benefits after intentionally killing the other spouse.”

Investing | February 15th, 2018

Can DB Plans Offer a Better TDF Selection and Monitoring Framework?

ERISA requires plan sponsors to regularly monitor investment lineups to ensure they remain prudent—a task made more complicated by the multi-layered construction of target-date funds; a new paper...

Data and Research | February 15th, 2018

Case Study Warns of Effect of Move From Public DB to Public DC

The NIRS studied the case of Palm Beach, Florida, which it says offers “an important cautionary tale on the detrimental impacts of switching public employees from DB pensions...

Deals and People | February 15th, 2018

PLANSPONSOR Announces 2018 Best in Class 401(k) Plans

Plans were rated using 35 criteria related to plan design, oversight/governance and participant outcomes.

Compliance | February 15th, 2018

Plaintiffs Win Class Certification in NYU 403(b) Lawsuit

A district court found plaintiffs met the requirements of ERISA Rule 23(a) and the class is maintainable under at least one of the subdivisions of ERISA Rule 23(b).

Products | February 15th, 2018

Investment Products and Services Launches

EPIC incorporates StoryLine to platform; Sterling Capital adds R6 share class to select mutual funds; and PAAMCO launches alternative beta tool.

Benefits | February 15th, 2018

Equity Compensation Recipients Seek Financial Wellness Help

Three-quarters of respondents to a Schwab Stock Plan Services survey consider equity compensation part of their long-term financial plan, and most say their equity compensation helps them feel...

Investing | February 14th, 2018

Review of Vanguard and Fidelity Fee Adjustment Highlights Industry Competition

Retirement plan investment product and recordkeeping providers are careful to present a friendly face in their marketing and even in their public interactions with each other—but that doesn’t...

Products | February 14th, 2018

Medicare and Social Security Guides Updated by Manning & Napier

Manning & Napier created a set of reference guides to break down exactly what individuals need to know about the new tax law, Social Security, Medicare, and long-term care...

Latest News