The ERISA Advisory Council’s recommendations to the Department of Labor (DOL) include publishing guidance confirming that a named plan fiduciary may appoint a 3(38) investment manager to select and monitor annuity and other lifetime income providers, as well as modifying qualified default investment alternative (QDIA) regulations.Read more >
“I read in a past Ask the Experts column that special pre-ERISA vesting rules apply to governmental and church retirement plans, but the Experts did not state what those rules are. Can the Experts elaborate?”Read more >
Working with recordkeepers that offer financial wellness programs can help a market of plan participants underserved by individual retirement advisers.Read more >
They are designed to increase plan sponsors’ and advisers’ awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.Read more >
One firm, for example, plans to soon roll out multiple additional products to complement its two existing ESG-labeled strategies—next will come ESG approaches to global equity and global income.Read more >
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.Read more >
Voya Financial’s retirement business has hired Christopher Engelhardt as the newest leader to join its Strategic Relationship Management (SRM) team to support the company’s tax-exempt market business (TEM). In his role at Voya, Engelhardt will serve as vice president, client relationship director for TEM and primarily focus on executing plan retention and growth goals to support large plan sponsors (in excess of $100 million in AUM /AUA) in the health care and nonprofit segment.Read more >
