Debt Management Should Be a Factor in Retirement Security PolicyAccording to a National Bureau of Economic Research (NBER) working paper, researchers found it is not just the value of debt for people on the verge of retirement that has increased over time, but the proportion of debt to assets as well.Read more > |
Avoid Inadvertently Defaulting Participant Plan Loans Post Tax CutsDrinker Biddle staffers Christine Kong, partner; Karen Gelula, counsel; and Monica Novak, associate, have published a new client alert analysis, offering some important observations about a few of the more obscure changes included in the Tax Cuts and Jobs Acts anticipated to impact employers and their retirement plans. The attorneys warn that many of the elements discussed here generally apply to plan years beginning after December 31, 2017. Following the GOP tax cuts, plan sponsors may wish to coordinate administration of their loan offset rollover rules with their third-party administrator (TPA) in order to avoid inadvertently defaulting participants’ plan loans.Read more > |
Economies of Scale Strongly Benefit the Largest PlansInstitutional investors with less than $1 billion in assets paid 65% more for investment management than medium-size funds ($1 billion to $10 billion in assets) and 91% more than the largest funds (greater than $100 billion in assets), Callan found.Read more > |
Incorporation of ESG Factors Into Institutional Investor Decisions Leveled OffCallan says this is partly due to multiple years of investor education around ESG coming to fruition.Read more > |
Investment Products and Services LaunchesInvesco launches Peak Retirement Target-Date Fund Series, and Efficient Advisors launches mutual fund partnership with Dimensional.Read more > |
Financial Soundings Solution Supports In-Plan RetirementThe firm’s retiree program is designed to provide plan participants the essential guidance needed to manage assets through retirement from within the qualified plan.Read more > |
Break From the Grind: Cost of Pet Ownership Impacting Finances of Some AmericansMore than one-third (37%) of respondents to an AICPA survey said they would sacrifice contributions to their retirement account to pay for pet-related expenses.Read more > |
