Franklin Templeton is rolling out R6 shares for health savings accounts, while Principal has announced its first collaboration with an HSA provider.
The firm will offer open architecture and a comprehensive selection of investments with lower fees and expense ratios to 403(b) plans, as well as full-time representatives to assist 403(b) participants.
It is in addition to a number of other financial wellness programs that ADP already makes available.
Employees can determine how they want to allocate employer 401(k) matching dollars—be it to their retirement account, to their student loans or to a combination of both.
S. Derrin Watson, a pension attorney and educator, has been answering questions from ERISApedia clients for the last year and has edited and selected over 400 ASK responses to subscribers to add to the eSource.
The firm says employers and employees will find a wealth of information about fiduciary liability and saving for retirement on its new blog.
"Our services have always met a fiduciary standard in principle and have enabled us to drive significant year-over-year savings for our clients, with an average savings of $1,650 per employee in 2018," says Eric Krieg, president of Risk International’s Employee Benefits Advisory division.
American Beacon Advisors creates mutual fund with multi-asset program, and Vanguard closes million-dollar securities fund to new clients.
The firm’s features allow users to control debt, evaluate spending and life insurance coverage needs, prioritize goals, build a plan for special financial objectives, and more, according to Alight.
The Financial & Retirement Services practice is designed to alleviate the weight of student loan debt; planning for on-time retirement; and more.
The 2019 calendars summarize more than 60 annual compliance requirements and disclosure obligations that sponsors of health and retirement plan sponsors need to know.
The first component of the initiative is a portal that will help employers focus on the metrics that are most impactful to their bottom line and provide a clear course of action to capitalize on incremental opportunities.
The program includes tools such as “money coaching,” where customers can utilize a financial professional for thirty days at no additional cost; identity theft protection and resolution services, and tools and resources for preparing wills and other important legal documents, among other things.
Plan sponsors may now elect to enable participant website navigation in Spanish, as well as full translation of select pages.
Northern Trust purchases FX software provider; Nuveen incorporates ESG funds to fixed-income lineup and Nuveen launches quantitative strategies affiliate.
Optum says the enhancement has already shown results; accountholders who were targeted with new messages increased their balances, became eligible to invest, and chose to open investment accounts.
Once a participant has elected to “lock” their account, the individual will receive a special code to use in the future to initiate a transaction.