With private markets investments a bigger focus for 401(k) plans, adoption will hinge on DOL guidance, fee transparency and whether sponsors can defend the fiduciary process.
Health-E Commerce forms new telehealth collaboration with SmileSet; AllianceBernstein launches AB US Equity ETF; Man Group expands US wealth offering with 2 new ETFs; and more.
The legislation would require employers which lack a retirement plan but have at least 10 employees to automatically enroll employees in individual retirement accounts.
Changes affect terminated multiemployer defined benefit plans; plans using a variable annuity benefit formula; and terminated single-employer PBGC-covered plans.
The bill, which includes more than 20 measures that had progressed out of committee, would ‘level the playing field’ for investments in plans serving educators and nonprofit employees.