Vestwell Takes ‘Rainy Day’ Savings Literally
The digital recordkeeper has a new tax-deferred savings program that makes automatic contributions dependent on when it rains in the...
News
Product & Service Launches – 8/8/24
Vontobel brings new actively managed mutual fund to US; Voya adds stable value fund with Great Gray Trust; and Fidelity...
Hub Acquires California-Based 401(k) Advisory
The aggregator bought the assets of Christopher Clark’s 401(k) advisory, with Clark joining a Hub private wealth office in California.
Judge Dismisses 401(k) Excessive Fee Allegations Against Tyson Foods
Judge rules for Tyson in employee lawsuit alleging the company overcharged participants for bundled recordkeeper fees and failing to solicit...
Prime Pensions Acquires Pennsylvania-Based TPA, Adds 350 Plans
The addition comes after Prime Pensions received PE backing from Lightyear Capital earlier this year.
Alight CEO Plans to Step Down After Firm Appoints Successor
Alight announced that Stephan Scholl will continue as CEO and director until a replacement is confirmed.
Lawsuit Alleges TIAA, Morningstar, Pushed Participants Into Proprietary Annuities
A proposed class action complaint filed by law firm Schlichter Bogard claims TIAA’s strategy steered participants to its own retirement...
Lincoln Adds to In-Plan Retirement Income Offerings
A new guaranteed lifetime withdrawal benefit can be offered through a managed account and is part of a diversified fund.
M&A Activity Among RIAs Remains Strong in Q2
2024 is on track to top last year for dealmaking as firms address succession planning and need for scale.
11th Circuit Appeals Court Rules With Home Depot on 401(k) Fee Suit
The court agreed with the district court decision that workers' "damages claims fail."
Senate Committee Passes Bill That Would Boost EBSA Funding
The bill differs from a recent House Appropriations Committee proposed budget that would cut funding for the Employee Benefits Security...
401(k) Trading Hit Four-Year High on Monday
A market dip to start the week saw more 401(k) trades toward safe assets than had been seen since the...
Market Sell-Off Highlights Need for Ongoing Participant Education
Advisers say a quiet client response to the market drop is a good example of how regular education helps participants...
NFP Hires Adviser Calvelli to Retirement Group
Deana Calvelli will report to Joel Shapiro, head of retirement at Aon’s NFP.
Advisory M&A News – 8/5/24
Bluespring Wealth Partners acquires $1.35B Rodgers & Associates Wealth Advisers; Sentinel Advisory Group, with $300M in client assets, joins Commonwealth...
Student Loan Repayment Startup Summer Acquires Vault
Summer buys the student loan benefits firm that has worked with recordkeepers such as Voya and Schwab.
Retirement Industry People Moves – 8/2/24
The Wagner Law Group hires 3 senior attorneys; Prime Capital announces promotion of VanderLinde to president of Liberty Wealth Advisors;...
US Households Face Significant Financial Advice Gaps
Americans revealed the financial tasks they find very difficult and have not sought help to address.
Parents Deprioritizing Retirement to Save for College
Additionally, more than one-third of parents reported no financial plan for meeting their broader goals.
Retirement Plan Tech Firm Turns to AI for Video ‘Hosts’
vWise goes live with AI avatars that can provide plan information and guidance to participants.