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March 22nd, 2019 |
VALIC Changes Name to AIG Retirement Services“While the VALIC name is strong and well respected, the AIG name carries even greater recognition in the marketplace and among sponsors, consultants and participants,” Rob Scheinerman, president, AIG Retirement Services, tells PLANSPONSOR.Read more > |
Custom TDF Data Shows Plan Sponsors Aligning Assets for Different DemographicsThe Defined Contribution Institutional Investment Association has issued a first-of-its-kind report about allocations in custom target-date funds (TDFs), and while plan sponsors’ data is aggregated for the report, Joshua Dietch, from T. Rowe Price and a co-contributor to the research, said each plan has “unique rationales for doing what they did.”Read more > |
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ASK THE EXPERTS
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Groom Law Group and Cammack
Retirement Group will field your
questions concerning 403(b) plans
and regulations. Email rebecca.moore@strategic-i.com with Subject
Ask the Experts
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Nearly Half of State and Local Government Employees Approve of Auto-EnrollmentNearly half of state and local government employees (47%) approve of automatic enrollment in defined contribution plans, known in the space as supplemental retirement plans (SRPs), the Center for State and Local Government Excellence (SLGE), ICMA-RC and Greenwald & Associates learned in a survey of 400 government employees. Approval of auto-enrollment declines from 24% when the default rate is 1% to 12% when the default rate is 7%.Read more > | TIAA Enhances Customers’ View of Retirement IncomeAccording to Lori Dickerson Fouché, with TIAA, “The enhanced Retirement Profile tool shows TIAA annuity customers how the combination of lifetime income—such as fixed and variable annuities, Social Security or pensions—and systematic withdrawals have the potential to yield a steady and guaranteed retirement paycheck.”Read more > | Break From the Grind: IRS Warns About Frivolous Tax ArgumentsFrivolous can mean silly or foolish, but looking at some of the frivolous tax arguments the IRS has faced, one might also call them funny, ridiculous or unbelievable.Read more > |
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