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| Benefits & Administration |
| The Perils of Ignoring Participant Complaints |
| Participants do lodge complaints against their retirement plans from time to time, and all of these complaints should be addressed, experts say. If a retirement plan sponsor ignores a participant complaint, that participant is liable to turn to the Department of Labor (DOL) on their own or hire a lawyer who will do so on their behalf, says Blaine Aikin, executive chairman of Fi360 in Pittsburgh.Read more > |
| Auto-Portability, Universal Coverage Would Reduce Retirement Shortfall |
| The Employee Benefit Research Institute (EBRI) says that if the Automatic Retirement Plan Act of 2017 was combined with auto-portability, the retirement savings shortfall of $4.13 trillion would be reduced by $932 billion, or 22.6%.Read more > |
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| Products, Deals and People |
| Sources Say Invesco Will Buy OppenheimerFunds |
| Sources say that Invesco, Ltd., an American independent investment management company in in Atlanta, Georgia, will buy OppenheimerFunds, a leading global asset manager located in New York City. The acquisition would bring $248 billion in new client assets.Read more > |
| Retirement Industry People Moves |
| The Wagner Law Group Welcomes Attorneys Quinn and Burwick; Independent Retirement Hires Retirement Plan Consultant; SageView Hires Managing Director; and more.Read more > |
