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| Benefits & Administration |
| Younger Workers Lack Feeling of Control over Retirement |
| Nearly half of Americans younger than 30 (49%)
do not feel in control of determining their retirement date, according to the
latest COUNTRY Financial Security Index survey. Among this group, nearly
one-third (31%) say that their retirement date is “not at all” in
their control. Reaching a savings goal is the number one concern Americans have
regarding their ability to retire, especially among those younger than 30.Read more > |
| Should Employees Add an IRA to Savings Mix? |
| “Americans may be unaware of the benefits of
having both an IRA and a 401(k) or 403(b),” a research report says. “Of
respondents who said they would not consider contributing to an IRA, 28% said
they would not consider it because they already have a 401(k) or a 403(b) and
don’t need an IRA.” TIAA-CREF says its IRA survey results point to an important
opportunity for retirement plan sponsors and advisers to impart better
knowledge about the benefits of tax-advantaged savings, whatever the form of
the account.Read more > |
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| Products, Deals & People |
| Keeley Asset Management appointed Mark Sullivan
to the newly created position of head of institutional business development and
consultant relations. Based in Chicago, Sullivan’s responsibilities include
expanding the firm’s existing institutional business, with an emphasis on
creating and maintaining relationships with both consultants and plan sponsors.Read more > |
| Consulting Firm Offers PSCA Fiduciary Training |
| Blue Prairie Group is partnering with the Plan
Sponsor Council of America (PSCA) to provide an online fiduciary training
program for clients affected by the Employee Retirement Income Security Act
(ERISA). PSCA’s online fiduciary training program provides a certificate of
completion for fiduciaries who complete a series of modules and pass
corresponding tests.Read more > |
