Republicans are upset about auto-IRA and other proposals in the $3.5 trillion budget reconciliation package. Will their ire carry over to SECURE 2.0?
In other cases, claims have been dismissed against several plan sponsors, including Prudential and Eversource Energy.
Legislators are preparing to raise taxes on those earning more than $400,000, but almost everything about the tax package is up in the air, including the new rates and when the various provisions go into effect.
The solution, which targets retirement plans with up to $2 million in assets, is built on a large-plan platform and can accommodate growth.
Looming over the RPA Record Keeper Roundtable and Think Tank was the convergence of wealth, retirement and health at work.
The company's retirement solutions group is looking for both entry-level and experienced staff.
Praxis Consulting, based in Sacramento, California, has $240 million in retirement plan assets and $110 million in personal advisory assets.
About 70% of people surveyed said they would choose a job with that feature over a similar one without it, according to a survey by TIAA.
Sales hit $68.2 billion, up by 40% from the second quarter of 2020, according to the Secure Retirement Institute.
A new study details the uncovered costs retirees face for those services as Congress considers expanding Medicare Part B to include such coverage.
A new study from the Center for Retirement Research at Boston College found news reports could lead to misconceptions about Social Security trust funds, and could influence retirement savers to claim earlier than otherwise planned.
'A lot of smaller RIAs don’t understand the magnitude of the work necessary to comply by December,' said Brad Campbell, a former assistant Labor secretary.
States such as California, Oregon and Illinois are requiring small businesses to either provide their own 401(k)s or sign up for the state program — and that is a massive opportunity for startup plans.
The insurance broker is buying Freedom Partners, which provides back-office services for financial advisory firms.
The measures would require everyone in the country to receive a portable account at the time they are given a Social Security number.
RPAs with strong wealth management businesses and leadership will command a premium price, among other factors.
With the number of small accounts likely to rise as more states adopt auto-IRA programs, the U.S. could benefit from single-account systems, automatic portability and other reforms, Brookings found.
Required minimum distributions are becoming the de facto default distribution choice for retirees, TIAA data show.
The offering aimed at companies with 100 or fewer employees includes a financial wellness component.
A free meal can help win new clients, but some advisers say the prospecting strategy is dated and projects a bad image.
