ProductsOctober 20, 2016
“It is critically important for advisers and sponsors who are affected by the new rule to have a comprehensive, practical, and accessible resource for dealing with the opportunities and challenges it creates,” says attorney Charles G. Humphrey.BenefitsOctober 20, 2016
Protecting the tax-favored status of employer-sponsored health and retirement plans is a key concern, a survey finds.ComplianceOctober 19, 2016
The overpayment caused a direct loss to the plan and constituted a prohibited transaction under the Employee Retirement Income Security Act (ERISA), the Department of Labor (DOL) alleges.InvestingOctober 18, 2016
Forty-five percent of households headed by Millennials held their funds only through employer-sponsored retirement plans, according to the Investment Company Institute.ComplianceOctober 18, 2016
A federal judge found that allegations regarding the assessment of excessive fees from which defendants stood to gain are sufficient to support the inference that the process used to select and maintain the plan’s investment options was “tainted by failure of effort, competence, or loyalty.”ComplianceOctober 14, 2016
In two completed projects, the IRS found some 403(b) plans are making W-2 reporting errors, and some retirement plans were not properly vesting participants during a partial termination. The IRS is focusing on SIMPLE IRA plan eligibility.MagazineOctober 14, 2016
They place high importance on providing college tuition and taking care of family membersMagazineOctober 14, 2016
Data and ResearchOctober 14, 2016
The average 401(k) plan account balance of the consistent participants grew at a compound annual average rate of 15.5%, from 2010 through year-end 2014, to $130,493.
Plan sponsors cited several challenges to implementing retirement income solutions including a lack of one-size-fits-all choices, and the complexities of explaining these vehicles to participants, a new survey finds.MagazineOctober 14, 2016
They may cheat investors out of at least six years of retirement income by using inefficient drawdown strategies.