Auto-Portability Would Help Reduce the Retirement Deficit Significantly
If combined with the Automatic Retirement Plan Act of 2017, the retirement savings shortfall would be reduced by $932 billion, or 22.6%, according to EBRI.
News
Helping Participants Brace for Market Volatility
The only person who gets hurt on a rollercoaster is the one who jumps out; advisers should stress that volatility is the price individuals pay for long-term performance.
Exploring How Sponsors Can Offer Guaranteed Lifetime Income
One option is through a profit sharing plan that invests the money in an annuity once a participant retires.
Principal Launches New Financial Wellness Program
Principal Milestones, which includes iGrad’s Enrich financial wellness program, helps participants access comprehensive financial education resources all in one place.
Investment Product and Service Launches
MassMutual debuts RetireSMART TDF series with J.P. Morgan glide paths; Delta Data launches proprietary product manager; and AXA doubles down on SRI/ESG integration.
Vast Majority of Intermediaries Expect Financial Wellness Programs to Expand
Eighty-four percent of intermediaries expect sales of financial wellness programs will expand in the next three to five years, Prudential found.
Relatively Few Parents Fill Out FAFSA, Leaving Crucial Dollars on the Table
While college savings and student loan debt aren’t typically an area of focus for retirement plan advisers, new survey data suggests a few simple reminders can be a...
Plan Sponsors Will Soon Be Able to Chat With Principal Associates Online
An online chat feature to answer retirement plan administrative questions will be launched this fall.
Conduct PRTs with Long-Term View in Mind
MassMutual has issued a white paper outlining all considerations for defined benefit plan sponsors considering a pension risk transfer.
Federal Court Orders Prison Term after Benefit Plan Theft
A Maryland business owner will serve one year and one day of imprisonment and pay more than $350,000 in restitution for violations of the Employee Retirement Income Security...
Institutions Turn to ETFs for Bond Market Liquidity
Diminished liquidity in global bond markets is fueling demand for fixed income exchange-traded funds.
ICI: IRAs Are Successful Vehicles for American Savers
Saving practices tend to vary based on the investor’s age.
‘Women’s Pension Protect Act’ Seeks DB-Like Protections for DC Plans
Democratic Senator Patty Murray says her bill would be a strong first step toward addressing some of the key hurdles facing women as they save for retirement in...
Verizon Landline Spinoff Company Frontier Faces Stock Drop Litigation
The lawsuit seems keenly aware of the poor record other such complaints have had in federal court since the crucial Supreme Court ruling in Fifth-Third vs. Dudenhoeffer—focusing its...
August Marks Second Consecutive Month With No Above-Normal Trading
On the majority of trading days, fixed-income funds led, according to the Alight Solutions 401(k) Index.
One-Third of Americans Lack an Accurate Perception of Their Finances
Many respondents to a Prudential Financial survey are misjudging how well-off they are.
Northern Trust Outlines Relatively Rosy Five-Year Market Outlook
Broadly speaking, Northern Trust’s Capital Market Assumptions Working Group expects continued global economic growth, controlled inflation and accommodative monetary policy.
The Median Retirement Account Balance Among All U.S. Workers Is ‘Zilch’
Over half have nothing set aside in any type of employer retirement plan.
Companies With Strong Performance Have Quality 401(k)s
Above-average-rated plans are more apt to be found at companies with 20% to 80% higher profitability than are average-rated plans, says T. Rowe Price.
Church Failed to Provide Retirement Benefits to Former Employees
Its former executive pastor and his wife presented evidence showing that supplemental retirement benefits were improperly taken in November 2011 and placed in the church's building campaign.