Results for "retirement plan advisers"

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Technology is essential component of growth

March 23, 2019

As the defined-contribution practices of financial advisers grow, so do the challenges. But advisers and their staffs are not properly equipped or trained to deal with many of those challenges. They include running a business rather than only...

The U.S. retirement system is far too complex

March 21, 2019

For the past decade, the financial services industry has engaged in a heated debate over the appropriate market conduct standard for investment advice. The debate is ratcheted up a notch in the retirement arena, where the Department of Labor...

401(k) record keepers competing with advisers on financial wellness

March 19, 2019

Retirement plan advisers increasingly are offering financial wellness services to 401(k) clients to distinguish themselves in a competitive market. There's just one problem: Record keepers are infringing on their turf. Broadly speaking, financial...

Fidelity sued again for 'illegal' 401(k) fees

March 19, 2019

Fidelity Investments has been sued by 401(k) participants from three different retirement plans who allege the firm charged an "illegal and undisclosed" fee to certain business partners, resulting in higher costs and reduced retirement savings...

Principal-Wells Fargo retirement deal would be among largest ever

March 18, 2019

There would be a new behemoth among record keepers of defined-contribution plans if Principal Financial Group were to follow through on a reported deal to acquire Wells Fargo & Co.'s retirement-plan unit. The deal — which could fetch more...

Wealth managers ignore 401(k) plans at their peril

March 14, 2019

Many wealth managers and financial planners who never intended to focus on the 401(k) or 403(b) market might nevertheless have a few plans. Most are just accommodating an important client and, at best, view the plan as a distraction. At worst,...

Brown University settles 403(b) lawsuit for $3.5 million

March 13, 2019

Brown University has reached a $3.5 million settlement in a lawsuit alleging the school mismanaged its retirement plan and cost employees millions of dollars in savings. Around two dozen prominent colleges and universities have been sued since...

Pairing 401(k) and student loan benefits gains more traction

March 8, 2019

An increasing number of employers are adopting programs that pair 401(k) savings with student loan repayments, as the nation's cascading college debt has some workers deciding between paying off loans or building a retirement nest egg. The Travelers...

The 401(k) 'stretch' match may work in reverse

March 7, 2019

Employers and their retirement plan advisers frequently employ a particular 401(k) feature called a "stretch" match to get their employees to save more money. There's only one problem: New research shows that the technique could actually have...

10 things to know about TDFs

March 6, 2019

Target-date funds are booming, with combined assets in mutual funds and collective investment trust funds approaching $1.8 trillion, according to Sway Research. The average 401(k) plan holds roughly 22% of its assets in TDFs, up from 8% a decade...

4 reasons 401(k) advisers should partner with a benefits broker

March 5, 2019

The employee benefits marketplace continues to evolve, with medical and retirement products continuing to merge. This trend is fantastic for the end consumer. But what is the best way for retirement plan advisers to partner with a benefits broker...

Lessons for advisers from 401(k) lawsuits

March 5, 2019

Perhaps nothing causes as much anxiety for retirement plan advisers as the potential for a client to be hauled into court to face accusations of fiduciary breaches. Even in the best-case scenario where the plan successfully defends itself, dealing...

Vanguard share of target-date fund market becoming 'obscene'

March 4, 2019

Vanguard Group extended its dominance over the target-date fund market last year as the flow of retirement assets into index funds continued unabated, with employers seeking to reduce the cost of their 401(k) plans. Vanguard swelled its target-date...

New Jersey poised to create auto-IRA program

February 28, 2019

New Jersey is poised to become the latest state to establish a so-called auto-IRA program to help residents save for retirement. New Jersey's state Assembly passed a bill this week that would create the New Jersey Secure Choice Savings Program,...

Are the economics of active management becoming unsustainable?

February 27, 2019

When one of the world's largest money managers calls the economics of a major fund platform into question, it raises a few eyebrows. Fidelity Investments, which manages $2.5 trillion for investors, said the ongoing movement to low-cost mutual...

Active managers change 401(k) sales divisions

February 26, 2019

Several active asset managers are changing how they distribute funds in the 401(k) market, with some restructuring or scaling back their sales forces amid a challenging environment of fee compression and a flight to passive management, while...

The 10 biggest threats for retirement plan advisers

February 26, 2019

The entire defined-contribution industry is in flux as retirement planning becomes more important. Plan sponsors are paying more attention to their DC plans, putting pressure on advisers to deliver real value while demanding lower costs. Here...

Fidelity sued for 'secret payments' in 401(k) plans

February 25, 2019

Fidelity Investments has been sued by a 401(k)-plan participant for accepting "secret payments" from certain retirement-plan business partners, allegedly allowing it to reap larger profits at the expense of its customers' retirement savings....

Franklin Templeton settles 401(k) lawsuit for $14 million

February 20, 2019

Franklin Templeton Investments has agreed to pay roughly $14 million to settle a lawsuit alleging the firm profited at the expense of its employees by loading its 401(k) plan with in-house investments. Plaintiffs in the class-action lawsuit...

Ascensus sells 25 percent stake to private equity firm

February 19, 2019

Ascensus, which administers retirement and college savings plans, has sold a 25% stake to a group of private-equity investors, the firm announced Tuesday. Atlas Merchant Capital leads the investor group, which includes Singapore's sovereign...

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