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The Standard Expands Personalized Managed Account Solutions for Workplace Retirement Plans
Modern Wealth Adds $1.2B Retirement Plan Advisory
2024 PLANADVISER Retirement Plan Adviser of the Year Finalists
Dawn Foods Boosts Employer 401k Matching Contribution
Morgan Stanley Heads to Market With New Participant Education Program
Pontera and AdvisorEngine Announced Partnership to Streamline Expert Retirement Plan Asset Management
SPARK Institute and LIMRA Partner to Enhance Fraud Security
Four Sponsors Add Fidelity's Student Loan Debt Repayment Matching Benefit
Fidelity Unveils Student Loan Solution Boosting Retirement Savings
Latest Published Articles, Papers, and Research From Across the Web
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The era of plan litigation began, from the plaintiffs' view, seeking to protect workers from retirement plan negligence. From the position of many plan fiduciaries and their defense attorneys, the trend has spurred a host of copy-cat complaints aiming to wring settlements from large plan sponsors and providers. Whichever side is more accurate at any given moment -- or if it's some combination of both -- one thing is certain: DC litigation remains relatively robust. This PLANADVISER In-Depth story considers 401k litigation's present and future.
Source: Planadviser.com, March 2024
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For retirement plan recordkeepers, the past few years have marked a significant transformation, set in motion by the dual forces of consolidation and the unyielding quest for innovation and scale. As the number of recordkeepers dwindles, those that remain are redefining what it means to be a recordkeeper in today's market.
Source: Captrust.com, March 2024
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It's a perfect time to think about an issue that might get lost in the summertime and year-end shuffles: fiduciary committees. Having a committee isn't a set-it-and-forget-it situation, it requires regular action to ensure the committee is properly undertaking its role as a plan fiduciary. Here are some best practice items committees should consider annually.
Source: Benefitslawadvisor.com, March 2024
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Retirement plan participants whose personal identifiable information was exposed in a 2021 data breach have asked a Georgia federal judge to approve an $8.733 million agreement to resolve allegations, which claimed national consultant Horizon Actuarial Services LLC failed to safeguard their sensitive data.
Source: Plansponsor.com, March 2024
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Retirement plans that include multiple employers have continued to grow in assets, but the growth of assets necessary to reach the critical size where economies of scale can be achieved may take years. The forecasted cost savings to plan sponsors of joining a pooled employer plan over using a single employer plan may not materialize, depending on the sponsor's pooled plan provider.
Source: Plansponsor.com, March 2024
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A new survey commissioned by the CFP Board reveals that nearly 97% of Americans agree that the financial professional who provides one-time recommendations or other one-time advice about retirement investments should be required to act in their client's best interest. This includes a recommendation to roll over funds from a workplace retirement savings program into an IRA or an annuity.
Source: Prnewswire.com, March 2024
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In 2023, a record-breaking 43% of participants raised their rate of salary deferral into retirement savings, marking the highest level observed by the Vanguard Group since tracking began, according to a preview released Monday of the recordkeeper and asset manager's "How America Saves" report.
Source: Planadviser.com, March 2024
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This 18-page study measured how retirement plan sponsors view 3(16) fiduciary outsourcing as a tool to help them better manage their retirement plans. It also captured plan sponsor perspectives on how such outsourcing can help drive improved plan outcomes. The study was conducted in January 2024.
Source: Pentegra.com, March 2024
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Collected Wisdom™
Our researchers look for what they think are some of the better resources available to assist you in administering your plan or helping your clients. We group these resources in our COLLECTED WISDOM™ topics to make it easy for you to locate the information you need. Each item in a category contains a summary and date of when it was placed in the group.
We also maintain some older material in these collections for perspective and context.
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