A Department of Labor advisory council compiled a wealth of testimony on the challenges that plan sponsors, advisers, record keepers and others face in identifying retirement savers’ cognitive decline and what options they have when they suspect it.
The company, not wanting to be outdone by an identical move in December by its competitor Vanguard, lowered its investment minimum for defined-contribution plans from $100 million to $5 million.
VALIC and Associated Bank were sued recently over their retirement plans, while a long-running case over losses in Valeant Pharmaceuticals stock in DST Systems' plan was settled for a total of $79 million in three separate agreements.
If your client is entitled to Social Security on her own earnings record, she may want to collect reduced retirement benefits at age 62.
Overall, the retirement savings products bled $6.7 billion, marking the first such instance of negative net sales since Morningstar began tracking them in 1994, the ratings and research firm reported this week.
The majority of U.S. households, even those that save and invest diligently, place the bulk of their investible assets in tax-deferred retirement accounts and bank accounts, while ignoring 'middle liquidity' options, the report published by Hearts & Wallets notes.
The business is complex and competitive, and it is changing rapidly, industry leaders noted at several InvestmentNews events
Pooled employer plans, or PEPs, could dramatically change the 401(k) business, but only if employers decide to adopt them.
Financial wellness programs depend on data about what workers need, but employees may have concerns about the privacy of their personal information.
The firm's acquisition of the record keeper may be a harbinger for other distributors. Does Raymond James see opportunities to monetize participants in retirement plans, especially given the launch of pooled employer plans?
That guidance comes years after it was requested by industry groups. The Department of Labor regularly investigates employers for the issue of missing participants, but until now it hadn't provided clear steps on how to remedy the problem.
Boston-based Alpha is a retirement consulting firm with 572 clients and about $2.9 billion in assets.
Future innovations in DC plans will come as much from retirement plan advisers and their clients as from the institutional market.
The Morningstar study examined saving, investing and wealth differences between typical in-office employees and remote workers. The latter tend to be older and more highly compensated, both of which correlate with different investing habits.
Revenue sharing fees ultimately make retirement plans more expensive, and funds that include them are disproportionately favored on plan menus, a recent academic paper found.
Fintech and digital record keeper Vestwell is among about three dozen firms that have registered as pooled plan providers with the DOL, but the firm does not yet have information on pricing and plan design for a potential PEP product.
Social Security benefits are typically calculated using your highest 35 years of indexed earnings.
Investment advice may take back seat to financial wellness as advisers' clients worry about the state of the economy and the prospect of losing their job
The plaintiff failed to raise issues with the company's process of selecting and monitoring funds, a judge wrote
The company was already targeted in another class-action case over the target-date series and managed account options in its plan
