|
Benefits & Administration |
Case Study Warns of Effect of Move From Public DB to Public DC |
The NIRS studied the case of Palm Beach, Florida, which it says offers “an important cautionary tale on the detrimental impacts of switching public employees from DB pensions to DC accounts.”Read more > |
Equity Compensation Recipients Seek Financial Wellness Help |
Equity compensation can serve many important functions in participants’ overall financial strategies. While employees utilize their benefits in multiple ways, they are most likely to do so to get needed cash (35%), make a large purchase (28%) or help prepare for retirement (11%), according to a survey from Schwab Stock Plan Services. Eighty percent of all respondents say they would be much more confident with the help of a financial adviser. Additionally, survey participants say they would take advantage of a financial wellness program—which would provide education, tools and resources to help with their overall financial health—if it were offered by their employer.Read more > |
|
Products, Deals and People |
Investment Products and Services Launches |
EPIC incorporates StoryLine to platform; Sterling Capital adds R6 share class to select mutual funds; and PAAMCO launches alternative beta tool.Read more > |