Financial News

Americans Worry Inflation Will Derail Their Retirement

Plansponsor.com - Mon, 08/14/2017 - 10:19
Nearly one-third are "panicked" or "very worried" about inflation's negative effects.
Categories: Financial News

Roth 401k Option Availability Increases With Company Size

Plansponsor.com - Mon, 08/14/2017 - 09:51

Large employers also tend to include more features in their retirement plans, a Transamerica study of employers finds.

Categories: Financial News

Participants Do Not Factor Tax Rates Into Retirement Savings Decisions

Plansponsor.com - Mon, 08/14/2017 - 08:18
Researchers found that although education increased participants’ use of expected tax-rate changes in their plan choices, participants continued to display an economically “irrational” preference for pre-tax deferrals over Roth deferrals.
Categories: Financial News

Sears Faces Another ERISA Lawsuit

Plansponsor.com - Mon, 08/14/2017 - 07:08
A new stock drop complaint includes not only the Sears Holdings Savings Plan, but also the Sears Holdings Puerto Rico Savings Plan.
Categories: Financial News

Providers and Call Centers Strive to Educate Against Hardship Withdrawals

Plansponsor.com - Sun, 08/13/2017 - 15:52
This time of year is a peak time for hardship withdrawal requests, providers say, and call center staff and provider websites can help educate participants about implications and other options.
Categories: Financial News

Survey Suggests Small Balance Retirement Savers Hurt By Fiduciary Rule

Plansponsor.com - Fri, 08/11/2017 - 13:05
FSR says, “access to investment services for investors with modest-sized and small account balances has been, and will continue to be, substantially diminished as a result of the best interest contract (BIC) exemption’s onerous compliance burdens and litigation risks.”
Categories: Financial News

Plan Sponsors See Struggles if Moving to Roth-Only Retirement Savings

Plansponsor.com - Fri, 08/11/2017 - 11:37
Forty percent of CIEBA members said it would be very or extremely difficult to explain the Rothification of 401(k) plans to participants.
Categories: Financial News

SURVEY SAYS Co-Worker Friends

Plansponsor.com - Fri, 08/11/2017 - 11:17
We covered a survey in which 62% of employees said having co-workers who are friends outside of the office positively affects productivity.
Categories: Financial News

Retirement Industry People Moves August 7 to August 11 2017

Plansponsor.com - Fri, 08/11/2017 - 09:47
Lincoln Financial Group hires Retirement Plan Services leader; Teachers Tax Service joins PlanMember; Retirement Advantage to acquire Retirement Planning Inc.; and more.
Categories: Financial News

Sustainable Investments In 401ks Attract Millennials

Plansponsor.com - Fri, 08/11/2017 - 09:13
Ninety percent surveyed are interested in pursuing sustainable investments as part of their 401(k)s.
Categories: Financial News

DC Participant Investment Trading Dives in July

Plansponsor.com - Thu, 08/10/2017 - 11:30
The month recorded the lowest trading volumes among DC plan participants since April 2012, Alight Solutions says.
Categories: Financial News

Paper Discusses Principles for Offering Real Estate in DC Plans

Plansponsor.com - Thu, 08/10/2017 - 10:33
“We continue to see increased investment and growing interest in adding direct real estate to DC plans,” says Michael O’Connor, co-chair of DCREC’s Best Practices Committee.
Categories: Financial News

CUNA Mutual Initiative Offers Easier Administration for Plan Sponsors

Plansponsor.com - Thu, 08/10/2017 - 10:27
PlanOnTarget also provides more robust reporting for retirement plan sponsors.
Categories: Financial News

Investment Products and Services Launches August 4 to August 10

Plansponsor.com - Thu, 08/10/2017 - 09:14
Vanguard updates benchmarks for bond funds; USA Financial adds asset managers to platform; Voya cuts fees on Large-Cap Growth Fund; and more.
Categories: Financial News

Study Suggests Fiduciary Rule Will Hurt Retirement Investors

Plansponsor.com - Thu, 08/10/2017 - 09:07
Along with its comment letter to the Department of Labor, SIFMA sent study results that showed advisers have reduced access to retirement advice and products.
Categories: Financial News

DOL Signals Extension of Fiduciary Rule Transition Period

Plansponsor.com - Wed, 08/09/2017 - 12:17

Many retirement industry providers will be glad to see the DOL is starting to signal a delay in the applicability date of the full new fiduciary rule and its prohibited transaction provisions. 

Categories: Financial News

Court Decision Leaves Open Question of Responsibility for Government Plans

Plansponsor.com - Wed, 08/09/2017 - 11:52
In addition, the 5th Circuit found a settlement agreement between Singing River Health System and its current and former employees was unfair, as there was no guarantee of future payments.
Categories: Financial News

Search for Yield in TDFs Can Leave Older Investors Over Exposed

Plansponsor.com - Wed, 08/09/2017 - 10:52
Greater exposure to higher-yielding corporate bonds can notably dampen a fixed-income allocation’s diversification benefits to equity investments.
Categories: Financial News

Nonqualified Plans Attract Top Talent

Plansponsor.com - Wed, 08/09/2017 - 09:01
Three key factors for successfully adopting nonqualified retirement plans.
Categories: Financial News

Participant Fails to Establish Class Status in Prudential Lawsuit

Plansponsor.com - Wed, 08/09/2017 - 08:34
The denial of the class certification motion goes into some detail regarding what it takes to establish class standing under ERISA.
Categories: Financial News
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