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Milliman headed to trial over its 401(k)
The case revolves around three collective investment trusts in the plan that were subadvised by the firm.
FPA, CFP Board diverge on DOL investment advice proposal
While the CFP Board supports the proposal, the FPA has expressed concerns about the DOL rule potentially raising compliance costs for members, increasing the cost of advice and reducing access to advice for some.
Financial wellness benefits a ‘must-have’ work perk: Vestwell
Poll of more than 1,200 workers highlights shifting savings habits, student debt woes, and overwhelming demand for advisors.
High stock values and layoffs combine for big tax breaks on company stock
With the net unrealized appreciation tax break, company stock can be withdrawn from a 401(k) in a lump-sum distribution and have its appreciation taxed at capital gains rates, rather than as ordinary income.
Voya unveils dual QDIA for retirement plan members
The offering automatically transitions employees approaching retirement age from a target-date fund to a managed account program.
After 2023 stock rally, new wave of ‘great retirement’ washes over US
The number of retirees outpaces a Federal Reserve economist's model by millions.
Americans boosted their 401(k) savings in 2023, BofA report reveals
There were fewer hardship withdrawals taken last year, too.
Black Americans more optimistic, but still face financial challenges
Limra research reveals concerns around retirement, disability, and unexpected emergencies among Black adults.
Retirement plan administrator accused of stealing millions
EBSA found that the third-party administrator embezzled at least $5.5 million in retirement plan assets.
Employers using ‘top hat’ plans to sweeten exec comp packages
Four-fifths of employers acknowledge the role of non-qualified deferred compensation plans in attracting key recruits.
Congress takes another shot at federal auto IRA
Since the auto IRA was proposed 18 years ago, the only successful efforts have been in the states.
Should advisors focus on goals-based investing or beating the market?
Goals-based investing is "what happens when you take an investment process and build it for mom, but not necessarily for mom’s pension plan," CIO says.
Gen Z zooming past older generations in saving for retirement
Data on DC plans and IRAs show young families are accumulating retirement assets faster than ever.
Prudential closes jumbo pension risk transfer transaction with Shell
The financial services giant is taking on $4.9 billion in pension obligations covering more than 20,000 retirees.
Creating a ‘retirement paycheck’ more important than ever, RBC study reveals
Unable to rely on pensions and Social Security, retirees need extra income source.
Small employers don’t know the tax perks for starting 401(k)s
There are incentives of up to $5,000 to start plans, but many business owners don't take advantage of that, EBRI found.
Workers’ financial stress at critical levels, new poll finds
A workplace well-being survey underscores the extent of worries over emergency funds, retirement saving, and student debt.
Workers’ financial and retirement confidence have languished since 2022
Index points to a gap between people's current sense of security and their readiness for retirement.
Racial divides in retirement readiness exposed in new report
Survey data point to demographic disparities in retirement savings, confidence, and awareness.
A pooled employer plan with personalized TDFs is landing soon
American Funds, which has been the top seller of target-date mutual funds for two years, says it has something new for the PEPs space.
