Many employers are wary of implementing a SECURE 2.0 program that lets them apply matching contributions to student loan repayments in 401(k) plans.
Toomey represented Pennsylvania in the Senate from 2011 to 2023 and served as the ranking member of the Senate Banking Committee from 2021 to 2023.
Modern Life is adding long-term care and hybrid long-term care products to its menu of insurance for financial advisors.
Mutual of America agreed to settle an ERISA excessive fee lawsuit filed by 401(k) participants last week.
As this year’s tax deadline approaches, WalletHub ranks the states in terms of the property, income and sales taxes they impose on residents.
American workers 45 and older think it will take about $1.1 million in savings to retire comfortably, yet only 21% expect to reach even the $1 million mark.
Approximately $92 billion in savings exits the US retirement system every year because Americans who change jobs cash out their workplace retirement accounts.
While estate planning may not sound like an ideal topic for a holiday meal, getting together with family does provide an opportunity for face-to-face discussions.
FuturePlan EAP is intended to enhance plan onboarding and administration, while offering plans with less than 10 participants the ability to deal with fewer decision points.
The problem arose from the passage of the SECURE 2.0 Act late last year, which didn’t give financial institutions time to update their systems.
Some members of an ad hoc group of lawmakers who are trying to fashion a deal say prospects have been diminished by President Joe Biden's accusations that Republicans want to cut benefits.
That's one year earlier than the trustees' report estimated last year; the report projects that 80% of benefits would be payable at that time.
Each of the measures failed to get enacted in the previous Congress. The tax bill starts off with just GOP support, while the other two come out of the gate with bipartisan backing.
At the end of last year, approximately $104 billion was saved in 35.5 million health savings accounts, a year-over-year increase of 6% for assets and 9% for accounts, a Devenir survey shows.
The investment manager said Retiree’s software will bolster its existing capabilities to create a more comprehensive suite of retirement income solutions.
The strategy is meant to help advisors more precisely tailor a portfolio to a client's unique circumstances.
Internal lawyers attended plan committee meetings at 49% of companies in 2022, up from 11% in 2017, and external counsel attended meetings at 36%, up from 21%.
While stock and bond allocations hurt the performance of TDFs last year, fees declined and assets flowed to collective investment trusts, Morningstar found.
The legislation provides new credits and incentives that cover a significant portion of the cost of setting up a retirement plan, while also providing access to new 401(k) solutions.
Finra arbitrators ruled on the estate's claim that Morgan Stanley ignored rules laid out by a court for how funds in the estate were to be handled.
