Retirement Industry People Moves
Treasury Attorney joins Alston & Bird as Employee Benefits Partner; PSCA collaborating with Groom Law Group for D.C. lobbying; Ameritas completes acquisition of Guardian 401(k) business, and more.
Gen X Most Concerned About Retirement Prospects
Less than four in ten Gen X DC plan participants surveyed believe they will have enough for a comfortable retirement.
Debt Owed to 401(k) Plan Not Dischargeable in Bankruptcy
A court said since the amount owed to the 401(k) plan was due to the fiduciary not performing his duties to the 401(k), it is non-dischargeable under bankruptcy...
Fiduciaries Ordered to Restore More Than $200K to 401(k) Plan
A now-defunct medical research company failed to remit employer and employee contributions to the plan between 2010 and 2013.
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Investment Products and Service Launches
State Street Global Advisors adds 88 firms to Gender Diversity Index, and Morningstar Credit Ratings now ranking financial institutions.
Knowing Fundamentals Key to Retirement Confidence
People “unsure” about their retirement prospects are much more likely than those “on track” to have calculated how much to save, according to a BlackRock survey.
Study Finds Retirement Calculators Not Tax Efficient
According to research published in The Financial Analysts Journal, most retirement calculators cheat investors out of at least six years of retirement income by using inefficient drawdown strategies.
Chevron Wins Dismissal of ERISA Challenge
An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has been dismissed after a hearing before the U.S....
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ETRADE Redesigns Online Stock Plan Experience
The financial services firm said it launched this initiative to help investors gain a better understanding of equity compensation and their benefits.
A Public Plan Sponsor Gives Employees View of Retirement
A virtual retirement tour helped get more employees enrolled in their 457 plan and employees more engaged in their retirement savings.
Couples Need Help With Planning Retirement Together
Retirement plan sponsors can help by including spouses and partners in educational events.
Higher Education Institutions Generous With Retirement Contributions
A study conducted by Sibson Consulting reports the most recent retirement plan trends in public and private higher education institutions.
Asian Americans Need More General Financial Education
Asian Americans are focused on saving for retirement, but that competes with a focus on taking care of extended family.
Plans in Louisiana Flood Zone Given Hardship Withdrawal Flexibility
The IRS has moved to allow plan participants impacted directly by historic flooding in Louisiana to utilize retirement savings in the recovery effort.
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TIAA Plan Participant Clients Gain ‘Voice Biometric Authentication’
TIAA customers can create a “voiceprint” to securely identify themselves when they call to speak to a representative, transfer funds or check their account balances.
Safeway Faces Lawsuit Over TDF Fees
The lawsuit also calls out excessive revenue-sharing and recordkeeping fees.
Sponsor Demand Dramatically Shapes Fund Fees
Institutional asset owners are increasingly skeptical of revenue sharing and are relentlessly pursuing lower fees within defined contribution plan investment menus.
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Mid Atlantic Teams With VMS
Clients of Vertical Management Systems can now access investment products and tools from Mid Atlantic Trust Company.
Bills, Low Income and Debt Hinder Retirement Savings
However, a study finds those who started saving for retirement early and have consistently saved are more confident in their financial future.
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Program Offers Integrated 401(k) and HSA Deferral Recommendations
NestUp from Perspective Partners takes an integrated approach that optimizes employer matching and tax benefits.