More than 2 million Americans have been blocked from enrolling in auto-IRA programs due to failing identity verification, according to the Bipartisan Policy Center.
Principal launches TDFs with ARS in-plan annuity option; Capital Group, KKR debut public-private fixed-income funds; North American and AMS introduce annuity series; and more.
The soda distributor was accused of offering a suite of ‘underperforming’ target-date funds in its 401(k) plan, as well as mismanaging forfeited funds.
Backers pitched the idea of a universal kick-starter investment account to help address income inequality, during an Aspen Institute financial security event.
Workers surveyed in a new MissionSquare report expressed a lack of confidence in their employer-sponsored plans, as well as concerns about emergency savings.
The government watchdog’s review of DOL regulations on fee disclosures is largely positive, with lingering concern about whether participants actually understand plan fees.
Nationwide names a new head of its annuity business; OneAmerica announces new president of employee benefits; Pentegra adds a new member to its executive team; and more.
OneDigital launches new benefits platform; Transamerica managed advice available for contractors PEP; Gainbridge annuities available to RIAs via RetireOne; and more.
Plan sponsors can provide access to the product outside of their plans, with Agilis taking on the bulk of the fiduciary duty of selecting the best insurance providers...