A proposed regulatory change wouldn't allow a single group of plans to have a consolidated audit, meaning that every participating employer of a certain size would have to have an annual audit.
The company's decision is in line with overall trends toward fee-based compensation but also hints at the influence of the SEC’s Regulation Best Interest on the 529 plan market.
Comparing actively managed funds on the plan menu to index funds that were available was not an ideal comparison, according to the court.
Private equity firms' insurance companies accounted for more than 40% of all indexed annuity sales industrywide during the second quarter.
Physical attacks are always a potential threat that companies must plan for, but cyberattacks have become a more regular concern.
The guide has new information about the Department of Labor’s forthcoming regulations, which are expected to effectively reverse rules implemented last year that had a chilling effect on the use of ESG in 401(k)s.
Millennium Advisory Services provides financial planning and advice to employees of colleges and universities, as well as to endowments and foundation boards.
Rob Foregger, who led the establishment of the fintech firm in 2013, left his day-to-day responsibilities at the company in May, but is still a shareholder and adviser.
Defendants in the long-running case have been ordered to pay restitution to more than 200 plans. Assets were allegedly siphoned from benefits payments to buy property and used for other personal expenses.
Wealth management firms in New Orleans remained mostly closed as power is being restored to parts of the city in the wake of Hurricane Ida. Areas in the Northeast were also severely impacted.
