CITs are on track to surpass mutual funds in target-date assets. Participants in 401(k)s that use CITs often stand to save a few basis points or more.
State auto IRA programs, seen as a potential boon for small plan providers and PEPs, are supported by a majority of Democrats and Republicans, a recent survey found.
As many as 89% of borrowers say they will have trouble making student loan payments when they resume on Feb. 1, according to a recent report.
Mercy Health Corp. was sued last year over plan fees and investment options. Separately, a new lawsuit was filed against Olin Corp.
Opponents of Washington's long-term care insurance program are claiming that it violates a handful of laws.
Amid the massive pandemic exodus, advisers have been guiding clients through career changes or early exits from the workforce. But some advisers have also been striking out on their own.
At the same time, the average IRA balance saw a slight uptick. A recent survey shows many people have low estimates of how much they will need to retire, and a paper explores the need to update the 4% rule.
The deal expands Creative Planning’s presence in the retirement plan business by about $110 billion and gives it access to the large-plan segment of the 401(k) market.
ESG is only used in 5% of corporate DC plans, according to Callan. Use by institutional investors also varies a lot by geography.
The law firms that filed the case point to record-keeping fees that were higher than those for other plans they identified.
