Final fiduciary rule rests in DOLs hands
John Engler, president of Business Roundtable, called on Secretary of Labor Thomas Perez to consider changes to the fiduciary proposal.
Retirement education
Benefits Think Proposed DOL fiduciary regulation may lead to unintended roadblocks for 403(b)s
Commentary: it is particularly curious that the DOLs proposed fiduciary regulation seems to introduce prohibitions that will likely prevent future modernization of such plans, says The Principals Aaron Friedman.
Aaron Friedman
Principal Financial Group
Student debt repayment takes priority over retirement planning
Retirement planning is harder than sticking to a diet and exercise program, millennials say.
Auto-escalation on the rise in retirement plans
Long an afterthought, retirement firms and advisers are pushing their clients to add auto escalation to employer plans.
Retirement wealth holding steady
Defined contribution savings are down but overall wealth accumulation is up.
Mercer exits DC recordkeeping business
Consulting firm Mercer is selling its U.S. defined contribution administration book of business to Transamerica. The deal, expected to close by the end of this year, will see Transamerica become Mercers preferred DC recordkeeping provider.
Retirement confidence: How does the U.S. stack up?
Retirement confidence around the world is up, yet only a third of employees report receiving retirement information from their employer.
Benefits Think Dont get the Medicare equation wrong: What employers should know
Commentary: As more baby boomers work past the traditional retirement age of 65, understanding how Medicare interacts with workplace health benefits becomes crucial for economic well-being.
Cindy Lapoff
Manning & Napier
Plan sponsors focused on investment costs
Martha G. King, managing director of Vanguards institutional group, addresses the evolution of retirement plan education and the challenges of guaranteed annuity products within 401(k) plans.
Community agency launches group credit program as employee benefit
SMILE Community Action Agency has made a concerted effort in the past year and a half to offer a more in-depth benefits package to employees so that it can become an employer of choice.
Benefits Think Plan sponsors: Investment menus are not designed in a vacuum
Commentary: Many plan sponsors believe that just by hiring an adviser they do not have a fiduciary obligation to understand the investments in their plans. This is fundamentally wrong.
John Ludwig
LHD Retirement
DOLs ambitious time frame for fiduciary rule raises questions
With the final comment period for the DOLs proposed fiduciary rule closing later this month, experts say the pressure is on regulators to issue a final rule before President Obama leaves office.
GAO expresses concerns with unclear QDIA regulations
Retirement plan sponsors need more clarity with QDIA regulations, says the Government Accountability Office.
Benefits Think 401(k) plan money market fund changes are coming
Non-government money market funds in 401(k) plans are likely to be institutional prime money market funds that will be affected by reform rules announced by the SEC.
Robert C. Lawton
Lawton Retirement Plan Consultants
Benefits Think Avoiding a pension risk management apocalypse
Commentary: Complacency can be a dangerous strategy when it comes to defined benefit plans, says The Principals Mike Clark.
Mike Clark
Principal Financial Group
401(k) plan access seen to promote financial confidence
Employees are gaining confidence in their short-term finances but the majority is still not saving enough for retirement.
3 ideas that could reshape the U.S. retirement system
The retirement system continues to change, with close to half of all corporate DB plans now closed to new entrants.
401(k) participants move from equities to fixed income
Stock market swings reiterate need for ongoing retirement plan communication.
Customization gaining popularity among TDFs
Target-date fund participants are more confident theyll reach their retirement goals and have higher contribution rates than non-TDF user, survey finds.
Paychexs Ron Shaw wins Benny Award for Leadership in Retirement Planning
Ron Shaw, retirement program manager for Paychex, focuses on the retirement readiness of the companys young workforce.