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Defined Contribution Plans
Global fintech leader Broadridge Financial Solutions announced Oct 10 that it has entered into a purchase agreement to acquire Fi360, a provider of fiduciary-focused software, data and analytics for financial advisors and intermediaries.
According to the announcement, Broadridge’s acquisition of...
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The Securities and Exchange Commission (SEC) has launched an investigation into whether federal securities laws have been violated by companies that administer teachers’ retirement plans.
According to The Wall Street Journal, the SEC has sent letters to companies that administer the plans seeking...
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Perceptions about younger generations aside, a recent survey finds that a cohort of younger “super savers” is making real sacrifices to save, citing numerous motivations.
The survey by Principal Financial Group digs into the financial habits of Gen X, Gen Y (Millennials) and Gen Z (i.e., born...
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Sen. Elizabeth Warren (D-MA) has put forward a comprehensive labor proposal that seeks to scale back the broad protections offered by ERISA preemption and resurrect the DOL’s fiduciary rule.
The presidential candidate released a 14-page proposal on Oct. 3, “Empowering American Workers and Raising...
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Participation by private-sector employees of employers offering retirement benefits is robust, according to data just released by the Department of Labor’s Bureau of Labor Statistics (BLS). So robust, in fact, that more than half of the members of all groups and categories the BLS measured are...
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Safe harbor 401(k) plans are the most popular type of 401(k) used by small businesses today. Unlike a traditional 401(k) plan, they automatically pass the ADP/ACP and top heavy nondiscrimination tests when certain contribution and participant disclosure requirements are met. This trade-off is well...
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There was volatility in August but also stability, according to two recent measures, but those seemingly contradictory findings do have one thing in common — they spell good news for retirement savings.
Volatility
While many were still taking a break for their summer vacations, a volatile August...
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A recent analysis suggests that it can be useful to consider employees’ personalities when designing retirement benefits strategies.
In “Understanding the Workforce: The 4 Personality Segments to Consider for Retirement Benefits Strategies,” the LIMRA Secure Retirement Institute identifies worker...
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Under a new proposal put forward by an influential Democratic member of Congress, retirement assets could be factored into a new tax regime targeting higher-income taxpayers.
Labeling it as a proposal to help pay for a Social Security overhaul, Sen. Ron Wyden (D-OR), the ranking member on the...
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Congress returned to work this week with an extensive to-do list, but questions remain about whether the most consequential retirement policy legislation since the 2006 Pension Protection Act will make the cut.
Before adjourning, the House of Representatives approved the bipartisan Setting Every...
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Assets in collective investment trusts (CITs) have grown significantly in recent years, but providers will need to address certain shortcomings to maintain that growth, says a new report.
Generally priced lower than other retirement plan vehicles — such as mutual funds — costs continue to be the...
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A recent study on investors’ usage of digital channels to interact with their financial institutions reveals some surprising and some not-so-surprising findings.
In “Financial attention through multiple digital channels,” Vanguard studied their clients’ use of digital channels – desktop or laptop...
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Participants appear to be focused on creating a secure financial future, as new research finds a record-setting pace for retirement plan savings.
According to Fidelity’s second quarter 2019 analysis of retirement savings trends, the average employee contribution rate climbed to a record-level 8.8...
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August proved to be a volatile month for U.S. markets, with rhetoric about trade wars and concerns about the inverted yield curve stoking fears of a recession. So, how did 401(k) participants fare?
It was a month in which fears about escalating U.S.-China trade tensions sent the broad stock-market...
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I don’t know about you, but I’ve always had a certain ambivalence about what are generally termed “Hallmark holidays.”
You know the ones I’m talking about – the ones that seem crafted for the sole purpose of generating sales for greeting card sellers. Of course, after a while you no longer...
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A national survey of both plan sponsors and plan participants reveals several key points of agreement and disagreement between the two constituencies.
American Century Investments’ “Survey of Retirement Plan Sponsors and Participants” includes finding that plan sponsors and participants are on the...
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Plan sponsors occasionally wish to change aspects of their plan vesting provisions. But that can be more easily said than done. A recent ASPPA webcast offers a look at the technical requirements to making changes to a plan’s vesting provisions and how to avoid common pitfalls in doing so.
As a...
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When it comes to managing 401(k) investment allocation transactions, a new study suggests that the usability of key website features represents one of the most persistent problems across provider interfaces.
Two seemingly tangential features that came up continually during Corporate Insight’s...
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As the world’s largest retirement market, current trends in the U.S. will have a disproportionate impact on leading financial services firms over the next two decades, says a new report.
While noting that retirement “is and will continue to be” one of the largest growth opportunities for wealth...
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Beachgoers weren’t the only ones taking some time off in July, as 401(k) trading activity among 401(k) plan participants logged only one above-normal day, according to the Alight Solutions 401(k) Index.
This comes following a busy second quarter, which registered the heaviest quarter of net...
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