The insurer also led in variable annuity sales last year, while New York Life sold the most fixed annuities.
The two rules were among the most heavily contested measures instituted by the DOL under former Secretary Eugene Scalia, with the 401(k) rule drawing nearly 9,000 public comments, most of which opposed it.
A drop in investment fees led to the reduction in total plan costs.
When a family member dies, the Social Security office will often ask for the last check back.
Financial advisers are being bombarded with questions about whether clients need to enroll in Medicare.
Lawsuits increasingly draw in other plan service providers, ranging from record keepers to product solutions providers, plan advisers and others.
New York state says the insurer failed to adequately inform consumers about the differences between products.
Plaintiffs in the separate cases allege the sponsors allowed the plans to have excessive investment-management and record-keeping fees.
Annuities are an answer to one of the most vexing worries that Americans face – outliving their money in retirement, IRI leaders said. But a critic countered that the products need to come with more investor protections.
Zenefits will offer Betterment plans to the small and midsize businesses that use its platform.
The state is the latest among many that have taken steps toward adopting such programs, which are intended to dramatically expand access to retirement savings plans at work for employees of small businesses.
You can't outsource all of your fiduciary responsibilities, and not all retirement plan advisers are created equal.
HSAs now hold more than $82 billion in assets, Devenir survey finds.
Plans administered by women more often include target-date funds, automatically enroll workers and have better plan governance, according to a new report.
The out-of-plan solution can be added to workplace offerings.
American Century, Prime Capital Investment Advisors, Nationwide and Lincoln Financial Group collaborated, along with others, on the QDIA.
New research shows that while Covid-19 has hurt retirement prospects for women in general, Black and Latina women face greater financial challenges than white women.
Too much money in tax-deferred retirement accounts could undermine clients' financial plans if taxes rise in the future to pay for today’s exploding government spending.
At the heart of NFP case is the flexPath target-date series, which was added to Wood Group plan in 2016, when it was essentially brand new. Schlichter Bogard & Denton brought the case.
Just 2.3% of participants in defined-contribution plans stopped contributing to the plan in 2020 amid the pandemic.
