The firm is anticipating passage of the SECURE Act, which offers an annuity selection safe harbor for defined contribution (DC) plan sponsors.
The offer is being made to participants in a small number of plans in which the plan sponsor has decided to no longer allow contributions to the EQUI-VEST variable annuity and to make the AXA Retirement 360 Defined Contribution Program available as an option.
The program is available to employers through Tuition.io, which provides two levels of support for student loan indebtedness.
My Learning Center suggests a curriculum and pairs it with plan level data to create key recommended actions to drive engagement and encourage financial fitness and retirement readiness for the individual.
“This title lays out the benefits of 457(b) plans and their pitfalls, and provides a convenient tool to research questions that will arise in plan design or administration,” say author S. Derrin Watson, J.D.
The firm says it offers features often reserved for large plans, such as fiduciary support and interactive, digital tools.
An Alegeus mobile-first Smart HSA app is on course to deliver an intuitive, personalized, and self-guided account experience for health savings account (HSA) participants.
Current Unified Trust plan participants can see their rollover options, as well as a breakdown of benefits, fees, and service models.
“These definitions provide a level platform for vendor evaluation as it relates to cyber security breach and fraud,” says Rasch Cousineau, a senior consultant with the Hyas Group.
The new index can be used as the foundation for a wide range of custom solutions based on attributes, including credit quality, state, municipal sector classification and maturity.
AdvisorConnect is a support network of plan sponsor-approved, registered financial professionals who specialize in the public-sector retirement space, and one of its key components is the My Financial Wellness Center.
The new digital platform includes a personalized experience and improved investment services, among other things.
GSAM announces first actively managed ETF; Lyxor Americas launches hedge fund program for institutional investors; Sanctuary adds solutions division platform and members; and more.
MassMutual cites data from Aite Group showing usage of HSAs is projected to outpace other financial accounts for health care, such as HRAs and FSAs.
The program features a financial fitness assessment and score, personalized curriculum based upon needs and preferences, game mechanics, and one-on-one support from an internal team of retirement consultants.
Participants in plans serviced by John Hancock can hear their account and loan balances, fund allocations, personal rates of return, contact information for the plan, and more.