The IRS is also increasing the income ranges for eligibility to make deductible contributions to traditional and Roth IRAs, as well as to claim the Saver’s Credit.
As retirement plans shifted from employer funded to employee funded, that has also happened over the past decade with health care plans.
Does it make sense for advisers to enter this space and compete? Sending those clients off platform and hoping to get them back when work separation occurs seems illogical.
There's a war for talent heating up, fueled by the Great Resignation and more workers retiring as a result of the pandemic, which makes benefits more important than ever.
Areas with high racial diversity, concentrations of low-wage jobs, higher mortality rates and other factors tend to have lower employment rates for people 60 to 69, according to a recent NBER paper.
The rollover recommendation disclosures will 'get Monday-morning quarterbacked every time the market takes a dive,' one lawyer noted.
The new OneConnect product allows plan advisers to act in a 3(21) or 3(38) role.
The Goldman Sachs Workplace Retirement Solution uses the Ascensus platform to provide an integrated 401(k) or 403(b) plan that includes digital advice and digital financial wellness support.
The deal would catapult Vestwell to serving as program manager for nearly $20 billion, with the acquisition adding about 800,000 participants and 17,000 small employers to its book of business.
Her 'On Retirement' column was named the best business/finance blog in its size category by Editor & Publisher.
Numerous trade groups and other organizations have been flooding the court with briefs in support of Northwestern University, while at least one group of organizations is against it.
The product, called OpenPEP, has customized investment options that can be used as the default.
The lawsuit filed in 2019 centered on the target-date funds used in the plan. Also this week, KPMG was sued over its plan, just as its CEO announced a participant-friendly contribution structure.
The White House framework includes a 15% minimum corporate tax and a tax surcharge on wealthiest Americans, but leaves out an automatic retirement plan provision and changes to IRA rules
Sales dipped slightly during the third quarter compared with the second, a report finds, but the year is still on pace to be the biggest since 2008.
The RPA Broker-Dealer Roundtable and Think Tank covered getting data, providing plan access and helping participants with low balances.
This year, dozens of entities have registered with the Department of Labor as pooled plan providers, and some have brought their plans to market.
The Labor Department's proposed ESG rule is a great step forward. The transition to a more sustainable economy will require increased attention to material risks and opportunities, including those related to ESG factors.
The bill would increase the average benefit by 2% and impose the payroll tax on wages above $400,000.
As of August, 529 programs represented about $437 billion in assets, according to the investment research firm. The rankings include 62 total plans, accounting for about 97% of the industry by assets.
