The service is designed to encourage retirement savings and discourage workers from cashing out 401(k)s when they change jobs.
The research finds that funds in health savings accounts are being used for current expenses, rather than being invested for costs during retirement.
The plan is aimed at small to midsize businesses that have less than $25 million in retirement plan assets
Most employers have tuition-reimbursement budgets, though they hardly spend them. Those budgets instead could go to student loans.
While industry groups argue the programs will take business away from advisers, there are still ways to get involved in the retirement planning process.
A recent report by Natixis speaks to areas that can be addressed to improve U.S. retirement security, and there’s plenty of evidence about what needs to be done.
A J.D. Power study finds that only 43% of users say it’s easy to locate needed information on retirement plan sites.
The court granted a motion to dismiss the claims against the company, although the plaintiffs have 30 days to amend their complaint to address its shortcomings.
The acceleration in the projected depletion of the trust fund is bad, but given that this was the first report to include the effects of the pandemic-induced recession, the news could have been worse.
The year-over-year increase in assets in health savings accounts is 26%, while the number of accounts now totals 31 million, up 6%.
The country, which placed 17th in the global ranking, falls short due to income inequality, high health care costs and other factors, according to Natixis.
The addition of Cardinal Point, which has offices in both the U.S. and Canada and serves clients with homes and families in both countries, gives Focus a unique foothold in cross-border financial planning.
The DC industry must be realistic and admit that financial wellness is largely a failure, an acknowledgment that's a key step on the road to success. Because we cannot afford to fail.
The Ways and Means Committee approved $2.3 trillion in tax hikes to pay for the Biden administration's sweeping social and climate spending plan.
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.
Clients don't have to make any changes, but they may be able to save money by re-shopping their prescription drug coverage.
The agreement will help Morgan Stanley at Work deliver services to small-business retirement plans.
T. Rowe Price and National Benefit Services join Captrust in providing the program, which offers an alternative to multiple employer plans and pooled employer plans.
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.
