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The aggregate funding ratios for U.S. private-sector pension plans fell slightly and deficits grew in August, say recent reports.Wilshire Consulting says that the aggregate funded ratio fell from July to August by 0.9% for the pension plans of Standard and Poor’s (S&P) 500 companies. Similarly...
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A report concerning OregonSaves, the state-run retirement plan run by the Oregon Retirement Savings Board, provides a look at the status of the program as it approaches full implementation.Segal Macro Advisors has reported to the board that the deliverables concerning some aspects of the program’s...
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In a recent LIMRA study, the top two reasons retirement investors gave for selecting another company to manage their IRAs were relationships and recommendations.The LIMRA Secure Retirement Institute explains that relationships are cited most by those who have an existing relationship with a chosen...
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Temperatures continued to rise in August, but the increase in average 401(k) balances cooled off a bit.Not that the hot streak abated much. According to the nonpartisan Employee Benefit Research Institute (EBRI) found that the average account balance for younger (age 25-34), less tenured (1-4 years...
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We are excited to announce this fun opportunity to win a complimentary registration to one of our conferences.There will be a new riddle every Friday in ASPPA Connect for six weeks, ending Oct. 13, 2017. The first is:I’m famous for solstices, brides, and the DOL fiduciary rule. Click here....
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Being prepared not just for a rainy day but for years — perhaps many — of post-workforce life drives strategies and safety nets. And analyses often warn that all the effort is insufficient. But panelists at a recent discussion concerning studies on retirement income suggest that the prospects for...
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A population with more retirees than workers will reduce the demand for and increase the supply of savings, putting downward pressure on investment returns, according to a compilation of research reviewed in a recent issue brief by the Center for Retirement Research at Boston College (CRR).The...
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Hurricanes, epic floods, wildfires… we seem to be awash in natural disasters. They pose many dangers and risks, including the threat they can pose to a retirement plan — and, ultimately, its participants and their dependents.There are steps that plans, employers, service providers and...
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Sen. Elizabeth Warren (D-MA) says that, “Contrary to the alarmist claims of their lobbyists and the conclusions of opaque industry-funded studies,” financial firms are “fully ready” to comply with the fiduciary rule — and you don’t need to take her word for it.Warren, an early and enthusiastic...
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The IRS has announced that it is extending the temporary nondiscrimination relief for closed defined benefit plans.The IRS made the announcement in Notice 2017-45, which says that the IRS has extended the relief provided in Notice 2014-5 by making that relief available for plan years beginning...
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