HR/BENEFITS -
May 24, 2013
Fidelity Reports Record Gains for 401(k) Participants
May
24, 2013 (PLANSPONSOR.com) – Fidelity Investments released a quarterly analysis
of its 401(k) accounts, which found that the overall average balance achieved a
record high $80,900 at the end of the first quarter.
RULES/REGS -
May 24, 2013
Bill Would Spare Tax Penalties for Distributions
May
24, 2013 (PLANSPONSOR.com) – A new bill could assist homeowners affected by
Hurricane by allowing them, under certain conditions, to avoid tax penalties for
making withdrawals from their individual retirement accounts (IRAs) or 401(k)
plans.
PRODUCTS -
May 24, 2013
CUIT Opportunistic Bond Fund Launched
May
24, 2013 (PLANSPONSOR) – Christian Brothers Investment Services (CBIS) has
launched the CUIT Opportunistic Bond Fund (OBF).
HR/BENEFITS -
May 24, 2013
How to Combat the 401(k) Loan Problem
May 24, 2013 (PLANSPONSOR.com) - Many 401(k) retirement plans allow participants to borrow
from their accounts, which can lead to defaults and inadequate retirement
savings.
HR/BENEFITS -
May 24, 2013
Aspen Briefs Congress on Retirement, Financial Security
May
24, 2013 (PLANSPONSOR.com) – The Aspen Institute presented a briefing to Congress
last week on retirement and financial security.
RULES/REGS -
May 23, 2013
The Regulators Are Coming
May 23, 2013 (PLANSPONSOR.com) – The Department of Labor (DOL) Employee Benefit Security Administration’s (EBSA) budget has decreased for 2014, but this will not affect enforcement.
RULES/REGS -
May 23, 2013
DOL Announces Two Fiduciary Seminars
May 23, 2013 (PLANSPONSOR.com) – The U.S. Department of Labor (DOL) will be offering two seminars about retirement plan compliance and fiduciary responsibilities.
HR/BENEFITS -
May 23, 2013
Oldest Boomers Not Extending Working Years
May 23, 2013 (PLANSPONSOR.com) - The first set of Baby Boomers, those born in 1946, are not necessarily "working 'till they drop," as some studies indicate.
PEOPLE -
May 23, 2013
Mercer Appoints US Delegated DC Leader
May 23, 2013 (PLANSPONSOR.com) - Liana Magner has been appointed U.S. Delegated DC Leader for Mercer’s Investments business.
PEOPLE -
May 23, 2013
USI Consulting Hires Associate VP and Actuary
May 23, 2013 (PLANSPONSOR.com) – USI Consulting Group hired Lisa Larsen as associate vice president and actuary.
PRODUCTS -
May 22, 2013
HR360 Releases Health Plan Notices Calendar
May 22, 2013 (PLANSPONSOR.com) - HR 360, Inc. has released its 2013 Group Health Plan Notices Calendar.
HR/BENEFITS -
May 22, 2013
How to Communicate Benefit Changes
May 22, 2013 (PLANSPONSOR.com) – Plan sponsors need to educate employees in a way that moves them from a sense of entitlement to empowerment, presenters of a recent webinar suggested.
HR/BENEFITS -
May 22, 2013
Part-Time Employees and Health Coverage
May 22, 2013 (PLANSPONSOR.com) – Whether or not health care reform causes employers to hire more part-time workers, the trend away from full-time employment is already underway, according to the Employee Benefit Research Institute (EBRI).
HR/BENEFITS -
May 22, 2013
Tackling Debt Trumps Saving for Most Millennials
May 22, 2013 (PLANSPONSOR.com) - More than half (54%) of Millennials say debt is their “biggest financial concern currently,” according to a Wells Fargo Retirement Survey.
PRODUCTS -
May 22, 2013
T. Rowe Price to Launch Suite of TDFs
May 22, 2013 (PLANSPONSOR.com) – T. Rowe Price filed a preliminary prospectus with the Securities and Exchange Commission to launch a new lineup of eleven target-date funds.
PEOPLE -
May 22, 2013
Law Firm Adds to Employee Benefits Practice
May 22, 2013 (PLANSPONSOR.com) – Law firm Epstein Becker Green hired Jeffrey A. Lieberman in its employee benefits practice in the New York office.
PEOPLE -
May 22, 2013
Russell Expands DC Team
May 22, 2013 (PLANSPONSOR.com) - Russell Investments is further expanding its institutional defined contribution (DC) team with the appointments of Holly Hollub-Verdeyen and Kevin Knowles.
HR/BENEFITS -
May 22, 2013
DB Plans Outperformed DC Plans in 2011
May 22, 2013 (PLANSPONSOR.com) – Investment returns in defined benefit (DB) retirement plans outperformed those in defined contribution (DC) plans in 2011 by the widest margin since the mid-1990s, according to a new analysis.
PEOPLE -
May 22, 2013
Unified Trust Hires Retirement Investment Analyst
May 22, 2013 (PLANSPONSOR.com) – Unified Trust Company hired Andrew Windsor as a retirement investment analyst.
RULES/REGS -
May 21, 2013
ASPPA Makes Suggestions for In-Plan Roth Rollovers
May 21, 2013 (PLANSPONSOR.com) – The American Society of Pension Professionals & Actuaries (ASPPA) filed a comment letter with the Internal Revenue Service about in-plan Roth conversions.