CHICAGO, Oct.28, 2021 / PRNewswire / – HUB International Limited (Hub), one of the world’s leading full-service insurance and financial services brokerage firms, announced that it has won the Multiple Employer Plan (MEP) contract for the National Association’s Pension Plan of Manufacturers (NAM) for its more than 14,400 member companies.Read More →

HUB Wins Retirement Plan for National Manufacturers Association Retirement Plan Tweet this According to a recent study, 83% of small and medium-sized businesses consider pension plan offerings essential to attract and retain employees, and 58% say benefits can help improve productivity in the workplace. As the industry continues to faceRead More →

RADNOR, Pa .– (COMMERCIAL THREAD)–Today, Lincoln Financial Group (NYSE: LNC) announced that it is improving its retirement plan options by launching a Common Employer Plan (PEP), OpenPEP, in conjunction with NPPG Plan Professionals, a subsidiary of National Professional Planning Group, Inc. (NPPG ) and Morningstar Investment Management LLC, a subsidiaryRead More →

The Department of Labor’s Employee Benefits Security Administration (EBSA) released a report showing that pension plans are increasing in all aspects: number of plans, members, assets, contributions and disbursements. Data is taken from the 5500 series reports for plan years ending in 2019, the most recent available. The information presentedRead More →

Department of Labor Benefits Security Administration (EBSA) published a report this shows that pension plans are increasing in all aspects: number of plans, members, assets, contributions and disbursements. Data is taken from the 5500 series reports for plan years ending in 2019, the most recent available. The information presented includesRead More →

(Photo: Shutterstock) The role of a Third Party Pension Administrator, or TPA, is both demanding and highly collaborative – and, in my opinion, for many advisors, working closely with TPAs ​​is simply essential. PTAs manage many day-to-day aspects of a pension plan, bringing their expertise in plan compliance, design andRead More →

GREENWOOD VILLAGE, Colorado – (BUSINESS WIRE) – October 20, 2021– Empower Retirement, the nation’s second-largest pension plan provider 1, added approximately $ 100 billion 2 in assets under administration (AUA) and 3,000 plans to its platform during the 12-month period se ending September 30, 2021. Request for proposals activity overRead More →

Adds 925,000 new participants; assets under administration exceed $ 1,100 billion Increased emphasis on personalization for individuals; top quality customer service company GREENWOOD VILLAGE, Colorado, October 20, 2021– (COMMERCIAL THREAD) – Empower Retirement, the country’s second largest pension provider1, added about $ 100 billion2 assets under administration (AUA) and 3,000Read More →

GREENWOOD VILLAGE, Colorado – (COMMERCIAL THREAD) – Empower Retirement, the country’s second largest pension provider1, added about $ 100 billion2 assets under administration (AUA) and 3,000 plans to its platform during the 12-month period ending September 30, 2021. Request for proposals activity over the past year has been higher thanRead More →

(Photo: Shutterstock) Increased popularity of financial wellness programs, unqualified plans to attract more key talent, and managed accounts with personalized portfolios – not to mention the continued consolidation of record keeping companies – there is a lot going on right now. pension industry, said David Graver, vice president of pensionRead More →

While they are one of the fastest growing Demographics in the country, Hispanic workers face major challenges in allocating enough money for retirement savings compared to other groups. In the report “A closer look at the finances of Hispanic American households”, Behavioral researchers at Morningstar looked at the underlying causesRead More →

A 403 (b) is the retirement planning vehicle used by nonprofit or other tax exempt employers of nurses, doctors, teachers, professors, school staff, researchers, members of the clergy and some employees of government organizations. 403 (b) plans are named after the section of the Internal Revenue Service (IRS) code thatRead More →

(Photo: Shutterstock) The COVID pandemic has disrupted virtually everything, including the pension plan space, although in many cases for the better. Michael Ingram, Partner and Wealth Advisor at Octavia Wealth Advisors LLC in San Diego, explains how employers are adapting to the latest trends and best practices to improve theRead More →

NEW BETHLEEM – After several months of discussions and meetings, an agreement regarding extracurricular fundraising requirements has finally been reached between officials of the Redbank Valley school district and the district sports promotion organization. At their regular meeting Monday night, Redbank Valley School Board members approved the Sports Facilitator ContributionRead More →

About a year ago, the Trump administration tightened the rules that dealt with ESG investments as “suspect” in pension plans. The DOL added new language continuing to reinforce the idea that ESG blurs the line between what is acceptable and non-compliance with the fiduciary standard. However, that is about toRead More →

An interim legislative committee is considering whether the civil service pension plan should become a “defined contribution” plan. Currently, it is a “defined benefit” plan. But the current plan has an unfunded liability. And the committee will examine the possibility of requiring new recruits after January 1, 2024 to joinRead More →