Participants

The asset manager has made its TDF with an annuity option the QDIA for its roughly 8,500 employees.

Alight data shows many participants made mistimed flights to fixed income last month. 

Mercer CFA Institute Global Pension Index again ranks Netherlands as having the best retirement system; focuses more on how to improve retirementoutcomes in defined contribution plans.

Research from Corebridge Financial identifies benefits of preparation and financial planning around open enrollment. 

Data from public sector employee households were remarkably similar to 2023 information covering the private sector.

After Monday, student loan borrowers may face credit score and fee penalties due to missing or late payments.

The IRS has provided guidance on certain exceptions from the 10% tax penalty for emergency personal or family expenses and for survivors of domestic abuse.

Lawmakers have presented retirement industry professionals a golden opportunity to help teachers instruct students about financial literacy and retirement readiness.

Recorded sessions provide valuable insights and education on plan administration and compliance, equipping plan sponsors with the knowledge needed to help employees achieve positive financial outcomes.

Encouraging participants to engage more with the retirement plan requires targeted communications, using incentives and leveraging technology, according to expert panelists.

Plan sponsors can consider plan conversions, similar to what IBM has done, hibernation or different investment strategies to reduce risk without transferring it.

Speakers at the Milken Institute’s 2024 Global Conference discussed ways the industry can address longevity issues, access to retirement savings, economic inequality and more.

The current crop of 65-year-old Boomers, particularly among women and those without higher degrees, will struggle to maintain a working lifestyle, according to the Alliance for Lifetime Income.

Employers should encourage younger workers to build emergency savings before contributing toward the company match and paying off student debt, says author Anne Lester.

Low- and moderate-income workers understand the importance of establishing emergency savings accounts and want options, research finds.

Vermont said the state will negotiate an agreement this year to help establish the new program, VT Saves.  

The cost of a plan amendment to allow safe harbor and true-up contributions prompted Great Lakes Management Co. to allege USI Consulting Group acted negligently.  

Washington Saves is scheduled to debut in 2027, with the state joining 18 others that have created retirement programs for private sector workers, while Rhode Island lawmakers debate...

The transaction, completed with F&G Annuities & Life, is Unisys' sixth since January 2021, totaling nearly $2 billion.

Target-date-fund collective investment trusts continue to accumulate assets, finds Morningstar in its target-date strategy landscape report.