Products

The retirement plan provider is waiving certain fees and has established a dedicated team to support participants in their decision making.

The firm is waiving fees related to participant hardship withdrawals and suspending fees for plan amendments made in response to the pandemic.

Only 5% of employers with self-funded health insurance already have a financial impact assumption, while 21% say they have begun modelling it, according to Mercer.

It is also waiving plan sponsors’ fees for certain retirement plan amendments and halting rate increases for group benefits.

The change is for all tax-qualified workplace retirement plans administered by Empower that permit such distributions and includes new provisions allowed for under the CARES Act.

In addition, the retirement plan provider is offering free access to financial resources to Americans.

Innovator expands Defined Outcome ETF suite; Vanguard merges Capital and Windsor funds; and IHS Markit delays rebalancing actions on indices.

Newport is providing complimentary 3(16) administrative fiduciary services to clients for the remainder of the 2020 calendar year.

FinFit’s financial wellness platform is available to employers for free through June 30.

The interest-free, payroll-deducted payment plan can keep employees ‘away from more financially toxic payment options,’ such as taking a retirement plan loan, the company notes.

The Vault platform provides employers with three core offerings that can be made available to employees.

iJoin creates managed account program, and Ameritas launches glide-path tool for employer-sponsored plans.

The service will reduce administrative burdens for 401(k) and 403(b) plan sponsors.

Vanguard modifies managed payout fund; Transamerica launches stable value option for 403(b)s; Fidelity announces health savings mutual funds; and more.

Franklin Templeton launches new funds, and Wells Fargo incorporates changes to TDFs.

It addresses all the common and not-so-common retirement plan blunders and provides step-by-step instructions for making things right again.

Employees will gain a single sign-on experience between both platforms and will also have access to both customer service teams.

American Beacon and asset management firm launch bond fund; Hartford Funds and Wellington Management release ETF; and Vanguard announces lower expense ratios on select ETFs.

GreenPath offers a free session with a certified financial counselor to establish goals and explore debt repayment options.

The solution provides participants with a one-stop platform designed to simplify administration, streamline transactions and inform financial decisions.