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.
The funds are most popular with younger plan participants; 62% of those in their 20s hold the funds, compared with 50% of those in their 60s.
Two Democrats joined all Republicans on the panel in opposing the measure, which is designed to expand workplace retirement savings and would impose a tax on businesses that don't set up plans.
Most employers find administration of a retirement plan to be ‘easy,’ and participation in retirement plans rises significantly.
The Series A funding round aims to increase the use of alternatives such as real estate and private equities in retirement accounts.
The addition of The Pinnacle Group, a $600 million Ohio-based RIA, marks the fifth deal by Mariner since it partnered with private equity investor Leonard Green & Partners in April.
SmartRetirement Plus will pair J.P. Morgan's target-date funds with AIG's IncomEdge Control annuity to meet the needs of plan participants who would like to receive regular monthly income in retirement.
Providers cannot hope to create a sales force that competes with the 25,000 RPA specialists and hundreds of thousands of RIAs that dabble. But once the plan is sold, who has the right and ability to monetize the participants?
The guide has new information about the Department of Labor’s forthcoming regulations, which are expected to effectively reverse rules implemented last year that had a chilling effect on the use of ESG in 401(k)s.
The pop star’s attorney calls the court filing a ‘vindication’ of her efforts to regain independence.
Under the legislation, which could become part of the $3.5 trillion budget bill working its way through Congress, employers that don't offer a retirement plan would have to establish an auto-IRA or 401(k) for their workers.
Millennium Advisory Services provides financial planning and advice to employees of colleges and universities, as well as to endowments and foundation boards.
The basketball legend is among the investors participating in an $11.6 million funding round for Vanilla, which was founded by Steve Lockshin in 2019 to fully digitize estate planning for registered investment advisers.
Rob Foregger, who led the establishment of the fintech firm in 2013, left his day-to-day responsibilities at the company in May, but is still a shareholder and adviser.
Defendants in the long-running case have been ordered to pay restitution to more than 200 plans. Assets were allegedly siphoned from benefits payments to buy property and used for other personal expenses.
The former lieutenant governor of Maryland has been one of the driving forces in that state's forthcoming auto IRA program.
Plan sponsors are clamoring for solutions to help employees with their financial issues. Student loans and emergency savings programs are two easy, simple and impactful ways that the DC industry can help.
Luma Financial Technologies' new tool, Luma Compare, lets advisers compare a variety of products.
