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August 14th, 2018 |
Charter School Reprimanded for Late Deposit of 403(b) Deferrals“The school has been deemed non-compliant with its contractual obligations regarding financial management as identified in the charter operating agreement,” a letter sent to school officials says.Read more > |
Plan Sponsors Changing Plan Designs, Investments to Improve Participant Retirement OutcomesPlan sponsors’ top concern, cited by 33%, is preparing participants financially to be able to retire, the Fidelity Investments’ Plan Sponsor Attitudes Study found. Last year, their top concern, cited by 32%, was reducing plan costs. To help employees achieve their savings goals, 82% of sponsors are making changes to plan design, and 83% are updating their investment menus.Read more > |
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GAO Explores Why Few Retirement Plans Embrace ESG InvestingThe Government Accountability Office (GAO) says in other cases where plans may face complexity, such as selecting a target-date fund or monitoring pension consultants, the Department of Labor (DOL) has provided general information, including items to consider and questions to ask. It suggests that the DOL do the same with environmental, social and governance (ESG) investing.Read more > | Younger Generations Not Managing Money With an Eye Toward the FutureA new survey report from Charles Schwab, “Young adults lack basic money know-how for long-term financial success,” indicates the youngest cohort in the U.S. work force has incurred average savings of just $1,628 and debt of $8,003. According to Schwab’s survey data, many young people “seem to have a genuine lack of understanding about debt in general.”Read more > |
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