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Retirement Not Americans' Only Financial ConcernWhen asked what the source of their financial concerns are, 55% of respondents to a Northwestern Mutual survey said unexpected expenses, followed by saving for retirement (29%), health care costs (27%), mortgage or rent (25%), credit card debt (25%) and student loan debt (13%).Read more > |
Participant Demographics Key to TDF SelectionMorningstar believes the first order of business for sponsors and their retirement plan advisers when selecting the appropriate glide path for their plan’s demographics is to determine the participant population’s “risk capacity.”Read more > |
Constitutionality Question Raised in Church Plan ChallengeParticipants in a “church plan” say their employer improperly claimed the protected status, violating both ERISA and potentially the U.S. Constitution.Read more > |
| To help preclude 401(k) participants from taking out loans or hardship withdrawals, MassMutual is making Kashable credit services available through the BeneClick! employee benefits exchange.Read more > |
| Empower Retirement plans to offer participants the ability to manage a greater portion of their finances when they go online to access their retirement account. Through a new exclusive agreement with Atlanta-based DoubleNet Pay, Empower participants will have a new way to pay household bills, pay down debt and contribute to savings accounts.Read more > |
ICMA-RC Enhances Mobile Tools for ParticipantsParticipants in state and local government retirement plans can use text to receive account updates and have more options for contacting the plan provider.Read more > |
| Dressing up for work continues to go out of style, new research from staffing firm OfficeTeam shows. Half of senior managers interviewed said employees wear less formal clothing than they did five years ago. Senior managers were also asked, “Which of the following is the most common dress code violation at your company?”Read more > |
| David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice. |
