Workers’ ‘Spending Spikes’ Threaten Retirement Security
Many public sector employees face unexpected expenses, leading to increased DC plan loans and credit card debt.
News
Federal Regulators Seek Comments on Saver’s Match Contributions
Responses are requested by November 4 for the program scheduled to launch in 2027.
Nationwide Shifts Advertising to Highlight Financial, Plan Services
A new Nationwide marketing campaign will highlight financial services that include financial and 401(k) plan services, in contrast to home...
Social Security Administration Reduces Signature Requirements to Streamline Services
The shift, including accepting more electronic signatures, is part of a larger effort to streamline application processes.
Product & Service Launches – 9/5/24
American Life launches new fixed-indexed annuity; NAIC graduates 23 from diverse women in alternative investing program; and nudge publishes free...
Alera Group Acquires $24B Advanced Capital Group
The acquisition is the largest for Alera’s retirement plan services division and more than doubles its total assets.
More Participants Plan IRA Rollovers in 2024
Cogent Syndicated by Escalent finds a jump in rollover intent among respondents interested in an IRA; a Human Interest survey,...
401(k) ‘Millionaires’ Hit Record
Fidelity’s 401(k) and IRA ‘millionaires’ are at record levels on strong markets and contribution, but separate surveying reveals millionaires still suffer...
Savings-to-Wealth Convergence: Don’t Forget Banks
401(k) plan participants aren’t the only target of wealth management convergence; Cerulli points to bank depositors as ripe for convergence.
Nuts & Bolts: NAGDCA Explains How to Offer a Self-Directed Brokerage Window
The organization’s latest guidelines lay out fiduciary best practices for offering the brokerage window to retirement plan participants.
Vanguard to Lower Asset Minimum for Digital Adviser Access
The minimum holding to receive financial advice from "robo-advisory" services will drop to $100 from $3,000.
Vestwell Adds TIAA Lifetime Income Offering
TIAA also makes a strategic investment in Vestwell, as the partnership brings TIAA’s lifetime income option to the middle and...
Mercer Global Advisors Announces Acquisition of Benchmark Wealth Management
The Mercer adviser team adds to its footprint in the Northeast with the high-net-worth specialist.
Salesforce Settles 401(k) Suits for $1.35M
Combined lawsuits filed in 2020 and then 2024 alleged excessive fees for a $5 billion retirement plan.
Raymond James Fined Over Mutual Fund Monitoring
FINRA fined two of the firm’s subsidiaries a total of $1.8 million for allegations of failing to properly review mutual...
Cybersecurity Best Practices for Retirement Plans
The game is continually evolving for keeping plan data and systems safe. In this special coverage article, experts discuss how...
Keys to Guarding Retirement Plan Data Against Human Error
Mistakes managing employer-sponsored plan data often expose vulnerabilities that can be exploited by bad actors.
AI Is Here. Fiduciaries Must Remain Diligent
Experts discuss how the benefits of artificial intelligence for 401(k) plan administration and management also come with risks to be...
What Investors Value in Financial Advisers
Morningstar revealed that investors prioritize personalized financial advice and goal-based planning.
Retirement Industry People Moves – 8/30/24
Corebridge elects Bousa to board of directors, appoints Moore as retirement services EVP; Maryland State Retirement Agency names Kim deputy...