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March 15th, 2016 |
2016 Plan Sponsors of the YearThe winners of the 2016 PLANSPONSOR Plan Sponsor of the Year awards show a commitment to their participant’s financial health and retirement success, and are leaders in their respective categories. All maintain best practices in plan administration, with outcomes for others to emulate. See their complete stories online now.Read more > |
Savings Rates Concerning Within Each DemographicMore than one-third of Millennials haven’t even started saving for retirement, and more than half of Gen X has less than $10,000 set aside, according to new research from GOBankingRates.Read more > |
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ASK THE EXPERTS
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| American women are feeling more optimistic about their financial futures and more confident about their money-related decisions, according the BlackRock’s latest Global Investor Pulse survey.Read more > |
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| Most Retirees Roll Assets Out of Retirement Plan A study by the Center for Retirement Income at The American College of Financial Services finds that the majority (62%) of recent retirees with substantial assets in a defined contribution plan at retirement chose to move their assets out of the plan.Read more > | Retirement Industry People MovesChange in leadership at Mutual of America; Beacon Pointe provides investment management for 401(k)s and 403(b)s; new hires at TIAA and Pentegra.Read more > | Correcting for Excluding Union Employees“My new employer was under the erroneous impression that the right to make elective deferrals to a 403(b) was a benefit that could be collectively bargained,and has been excluding collectively bargained employees from the right to make elective deferrals to the 403(b) as part of his current collective bargaining agreements with our unions. I realize that this is not correct, but how do I fix this error?”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. |
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