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Pontera gains DC street cred with veteran hires
The fintech is raising its profile in the 401(k) space with three veteran hires who boast a collective track record of nearly 70 years.
NFP taps two as co-presidents in Northeast
Kate Henry and Mike Walsh will lead the region for the insurance broker.
‘Great retirement’ in U.S. is driven by older female baby boomers
There were 3.3 million, or 7%, more retirees as of October 2021 than in January 2020, according to research by the St. Louis Federal Reserve.
Biden’s student-loan reprieve eases $1.6 trillion worry, for now
Student loans have been the fastest-growing debt category in the U.S. over the past decade
Bipartisan House bill would help workers keep track of retirement plans
The legislation would also expand access to workplace plans by creating more opportunities for part-time workers to join and allowing 403(b) plans to participate in multiple-employer and pooled employer plans.
New York State mandates auto-IRA plan
Private-sector employers that don't offer a retirement plan are now required to enroll workers in the state's program.
AT&T fends off 401(k) fee suit
The company recently received summary judgment in the case filed against it. Another company, Wesco Distribution, won a motion to dismiss in a separate case, and tech firm PTC appears to have reached a settlement in another.
Retirement security answers take teamwork
A recent report by Natixis speaks to areas that can be addressed to improve U.S. retirement security, and there’s plenty of evidence about what needs to be done.
House tax proposal would close door on popular back-door Roth IRA conversions
The Ways and Means Committee approved $2.3 trillion in tax hikes to pay for the Biden administration's sweeping social and climate spending plan.
Captrust leads group launching small-plan service
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.
UBS to offer Transamerica program for small-business retirement plans
The Retirement Plan Exchange, which uses TAG Resources, is designed to reduce administrative headaches related to providing a plan.
Voya explores potential deal for newly public Alight
Voya has recently looked at purchasing benefits administrator Alight, according to people with knowledge of the matter, but it isn't clear whether the companies are in active talks.
Newcomer Benetic promises 401(k) quotes for advisers in minutes
So far, about 100 advisers, including those from 11 of the 15 biggest aggregator firms, have used the service, which recently began including quotes for pooled employer plans.
Digital record keepers are changing the micro 401(k) market
Many of these newer entrants are pure-play record keepers without an investment management arm. They employ lean, digitally focused operating models and distribute their services directlly to plan sponsors.
Plaintiffs accept $5.4 million Transamerica 401(k) settlement
Participants had accused the plan's fiduciaries of using poorly performing investment options.
Maine legislature passes auto IRA bill
The Maine Retirement Savings Program would allow private-sector workers to contribute to a Roth IRA from their paychecks. The bill has gone to Maine Gov. Janet Mills.
Bipartisan majority likes ‘Retirecare,’ survey finds
Enrolling working Americans in a government-sponsored retirement plan is a broadly popular idea.
Aon to sell U.S. retirement business
Aquiline is buying the unit, while Alight Solutions is buying Aon's Retiree Health Exchange business. The sales are aimed at winning government approval for Aon's merger with Willis Towers Watson.
T. Rowe Price introduces plan tool for retirement income
The goal is to help plan sponsors assess the possibilities more strategically
ICMA-RC upgrades its managed accounts platform
The manager of public sector retirement plans will offer personalized advice to participants.