Argument for Auto-Enroll Emergency Savings
The idea is relatively simple: workers who do not yet have emergency savings will be directed to first fund a short-term savings account reserved for emergencies, before funding...
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Active Managers Look to Distinguish Themselves With Multi-Asset-Class Products
Some are building proprietary investment models.
Benefits |
ACA-Related Executive Orders Could Provide Pros and Cons for Employers
Some orders expand health plan options, especially for small employers, while others may mean higher premium costs.
Half of Employees Don’t Want Personalized Messages About Saving for Retirement
However, a survey found 53% of employees would like their employers to offer tools to help them improve their financial situation.
Many People Have Withdrawn From the Markets Following ’08
But 40% say the Great Recession has had no impact on their lives whatsoever.
Products |
MassMutual Introduces Mobile App to Gauge Retirement Readiness
The app is a mobile version of MassMutual’s RetireSMART Ready tool, which provides a snapshot of a saver’s retirement readiness at a specific age.
Retirees Spending Only About 1% of Assets Each Year
More than one in three retirees actually see their assets grow, BlackRock and EBRI found.
Citigroup Proprietary Fund Suit Gets Class Certification
Before certifying a class in the litigation, a federal judge determined that the named plaintiffs need not have invested in all funds challenged in the suit in order...
Working Longer Could Boost Retirement Security
However, research finds workers with a lower socioeconomic status have a harder time staying in the workforce.
Appeals Court Sides with UPMC in Top-Hat Plan Dispute
A recent appellate court decision underscores the important differences in anti-cutback vesting requirements that exist between “top-hat” plans and retirement benefits for lower-compensated employees.
Social Security Reduces Maximum Taxable Wage for 2018
The Internal Revenue Service uses the Social Security Administration’s taxable maximum to determine the taxable wage base for permitted disparity in defined contribution (DC) plan contributions.
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Ascensus Enhances Digital Experience for TPAs
“TPAs play a vital role in the management of their clients’ retirement plans, and we want to make certain that they have the tools that they need to...
Democrats Unveil Bill to Create Rehabilitation Trust Fund
The fund would be used to make loans to multiemployer defined benefit (DB) plans that are in critical or declining status or that are insolvent but not terminated.
Several Factors Push Investing Into ETFs
EY says the move from active to passive investing is one of them.
Retirement Industry People Moves
Nikki Newton is appointed president of Ivy Distributors Inc.; John Hancock Retirement Plan Services forms a new leadership team charged with enhancing the delivery of large customized retirement...
Wells Fargo 401(k) Participant Files Excessive Fee, Self-Dealing Suit
Throughout the complaint, the plaintiff alleges that the plan’s fiduciaries’ lack of a systematic and unbiased review process caused participants to pay an unnecessarily high expense ratio for...
Experts Push for Sponsor Courage When Offering In-Plan Lifetime Income
DOL leadership has stated explicitly that investments with lifetime income elements can be a prudent investment option in DC plans, even if not a QDIA.
2017 Year-End Deadlines and Tips for Retirement Plans
2017 happens to be a light year for required plan amendments for retirement plans.
Public Pensions Have Been Able to Pay Promised Benefits
New research shows that funding status has little correlation with a pension fund’s ability to pay its promised benefits, and NCPERS urges policymakers to stop trying to shut...