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ASPPA’s offices will be closed on Monday, Jan. 21 in observance of Martin Luther King, Jr. Day. Our next edition will next appear on Jan. 23.
To mark the day, the “I Have a Dream” speech Dr. King delivered in Washington in 1963 is available here.
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Any industry develops its own language and unique terms. Those in it consider them to be terms of art; those who are not, and whom a particular industry serves, are likely to regard its unique terms as jargon. Recent research shows that retirement plan participants are among those who prefer...
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Putnam Investments, LLC has officially asked the nation’s highest court to weigh in on an issue on which district courts have split 6-4: Who bears the burden of proof when alleging losses due to a fiduciary breach?
Indeed, the issue seems ripe for consideration. As Putnam states in its petition to...
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Being able to afford a comfortable retirement is Americans’ biggest financial concern, according to a recent report from the LIMRA Secure Retirement Institute.
LIMRA reports that 53% of the 50.5 million retirees in the United States retired earlier than they had planned to, and not all did so...
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As part of a program to make the Big Apple the “Fairest Big City in America,” New York City Mayor Bill de Blasio has a plan for retirement savings.
Specifically, noting that fewer than half of all working New Yorkers have access to a plan that can help them save for their retirement years and 40%...
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December’s market volatility capped off a year in which 401(k) investors started off flocking to equities, only to later flee them for fixed income.
According to the Alight Solutions 401(k) Index, 2018 was an interesting year for trading activity among 401(k) investors, as 18 of the first 28...
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A month ago, when we wrote about the 61st Annual Survey of Profit Sharing and 401(k) Plans from the Plan Sponsor Council of America (PSCA), there were several key points highlighted – but there are some interesting findings you might have overlooked.
Perhaps the most significant finding of that...
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Some studies suggest that Millennials aren’t saving enough and lack confidence making investment decisions, while others suggest Millennials are aggressive, knowledgeable and confident when it comes to investing. So what’s the deal?
It turns out that advisors may be taking the wrong approach in...
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The gym parking lot is full — must be January, with New Year’s resolutions fresh on people’s minds. But a recent blog argues that resolutions about physical fitness are not the only kind that should be made; it suggests that they should also include being ready for a plan audit by the IRS or...
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This is the time of year when resolutions for the cessation of bad behaviors and the beginning of better ones are in vogue. Here are four for plan fiduciaries to keep in mind all year long.
Find your plan document(s) – and read them.
One of the key guiding principles for plan fiduciaries is...
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