Transamerica in Southwest Cedar Rapids. CREDIT RICHARD PRATT Transamerica expanded its pooled retirement plan capabilities with the acquisition of TAG Resources, LLC, a leading retirement services company based in Knoxville, Tennessee. Addition of TAG’s technology and service model will allow Transamerica to further expand its common retirement plan offerings toRead More →

TULSA, Okla., March 04, 2022 (GLOBE NEWSWIRE) — Once again, BOK Financial (NASDAQ: BOKF) has been ranked among the nation’s top retirement plan providers, according to the highly regarded Defined Contribution Survey PLANSPONSOR. PLANSPONSOR’s annual Defined Contribution Survey has been the industry’s most significant benchmark for the past two decades,Read More →

BOK Financial Corporation Institutional Wealth team wins annual PLANSPONSOR survey awards for second year TULSA, Okla., March 04, 2022 (GLOBE NEWSWIRE) — Once again, BOK Financial (NASDAQ: BOKF) has been ranked among the nation’s top retirement plan providers, according to the highly regarded Defined Contribution Survey PLANSPONSOR. PLANSPONSOR’s annual DefinedRead More →

BALTIMORE, March 1, 2022 /PRNewswire/ — Transamerica today announced the expansion of its pooled retirement plan capabilities with the acquisition of TAG Resources, LLC, a leading retirement services company based in Knoxville, TN. Addition of TAG’s technology and service model will allow Transamerica to further expand its common retirement planRead More →

BALTIMORE, March 1, 2022 /PRNewswire/ — Transamerica today announced the expansion of its pooled retirement plan capabilities with the acquisition of TAG Resources, LLC, a leading retirement services company based in Knoxville, TN. Addition of TAG’s technology and service model will allow Transamerica to further expand its common retirement planRead More →

Chicago, IL, February 15, 2022 –(PR.com)– Pension Advisors, LLC (RPA) is growing WalletMore, its proprietary Participant Managed Account solution, to include Advisor Managed Account (AMA) platforms. This expansion will bring personalized investment advisory solutions to even more public sector deferred compensation/defined contribution plans and their employees. RPA brings decades ofRead More →

Last week, on January 24, the United States Supreme Court issued its much-anticipated decision in Hughes v. Northwestern University, unanimously ruling that pension plan trustees have a duty to continuously monitor pension plan investment options and remove any imprudent ones. In its opinion, the Supreme Court made it clear thatRead More →

Late last year, the IRS confirmed the widely anticipated cost-of-living adjustments to various dollar limits for qualified pension plans for 2022. Here are some of the changes outlined in the 2021 Notice- 61. Limit of compensation The maximum amount of compensation that may be taken into account for plan purposesRead More →

HOUSTON–(BUSINESS WIRE)–January 26, 2022– AIG Retirement Services, a leading provider of retirement plans for tax-exempt and public sector employers, today announced that it will serve as the exclusive retirement plan provider for the local county government of Ontario, New York. Ontario County employs more than 1,000 people and offers bothRead More →

HOUSTON, January 26, 2022–(BUSINESS WIRE)–AIG Retirement Services, a leading provider of retirement plans for tax-exempt and public sector employers, today announced that it will be the exclusive retirement plan provider for local government in Ontario County, New York State. Ontario County employs more than 1,000 people and offers both aRead More →

HOUSTON–(BUSINESS WIRE)–AIG Retirement Services, a leading provider of retirement plans for tax-exempt and public sector employers, today announced that it will be the exclusive retirement plan provider for local government in Ontario County, New York State. Ontario County employs more than 1,000 people and offers both a 457(b) deferred compensationRead More →

WASHINGTON — The Supreme Court said Monday that employers must regularly review their retirement offers, ruling unanimously for Northwestern University employees who argued the school’s defined-contribution plan offered a confusing number expensive investment options. Separately, the court added several important cases to its fall docket, including a lawsuit that couldRead More →

WASHINGTON — The Supreme Court said Monday that employers must regularly review their retirement offers, ruling unanimously for Northwestern University employees who argued the school’s defined-contribution plan offered a confusing number expensive investment options. Separately, the court added several important cases to its fall docket, including a lawsuit that couldRead More →

(Photo: Shutterstock) Transferring pension plan operations to a third party, known as “decoupling,” could provide employees with greater options, while reducing costs, risks and administrative burdens for employees, the American Academy of Actuaries in a recent issue. brief. About a third of all private sector workers in the United StatesRead More →

An interim legislative committee tasked with drafting legislation to change the public employee pension plan from “defined contribution” to “defined benefit” will consider hiring a consultant to help draft the new plan. The pension committee is studying proposed changes to “defined contributions” for all new employees hired after January 1,Read More →

The Standardbred Owners Association of New York (SOANY) is pleased to announce that its Board of Directors, chaired by SOANY Senior Vice President Peter Venaglia and SOANY’s other directors (Irv Atherton, Tom Ceraso, Joseph Faraldo, Raymond Schnittker, Jordan Stratton, Chris Wittstruck and Peter Younger) awarded more than $ 2.7 millionRead More →

On December 6, the United States Supreme Court heard oral arguments in the case Hughes v. Northwestern University. The issue at issue is whether the allegations that a defined contribution pension plan paid fees that significantly exceed the fees for other available investment products or services are sufficient to raiseRead More →

Pandemics, political and political changes, volatile investment markets — another year under the belt. WealthManagement.com asked several pension industry leaders for their thoughts on the most important developments of the past year for plan advisors. Wealth Management: What do you think are the main developments that have affected the workRead More →

This year, according to Institute of Investment Companies. These include employer-sponsored retirement plans (both defined benefit and defined contribution plans), individual retirement accounts (IRAs), and annuities. Contributor Depositphotos.com/Depositphotos.com – MarketBeat That’s a lot of money. But do these numbers reflect the amount you have saved? Do you have your ducksRead More →

The Internal Revenue Service announced dollar limits for pensions and other benefits, effective January 1, 2021. Some of the limits are listed below. LIMITATION AMOUNT 2021 AMOUNT 2022 Maximum annual compensation taken into account to determine benefits or contributions to an eligible plan $ 290,000 $ 305,000 Basic Limit ofRead More →

Saturday 13 November 2021 A regulation recently proposed by the Ministry of Labor entitled “Prudence and loyalty in the selection of plan investments and the exercise of shareholder rights” (the “Proposal”) Discusses the duties of pension plan trustees when considering economically targeted investments, that is, investments that take into accountRead More →

Employees who want to put more money aside for their 401 (k) plans in 2022 should be prepared to do so. The IRS recently announced numerous increases to the pension plan, putting your year-end preparation into high gear. The 401 (k) plan salary deferral limit will reach $ 20,500. TheRead More →

The Internal Revenue Service announced cost-of-living adjustments in 2022 to dollar limits for qualifying pension plans and other benefits, and the Social Security Administration announced its own cost-of-living adjustments for 2022. Most dollar limits, including the optional deferral contribution limit for the 401 (k), 403 (b) and 457 (b) plans,Read More →

New set of target dates supports growing demand for active equity management from advisors and builds on the success of the MyCompass Index, which has reached over $ 2 billion in plan assets since 2019 Voya Financial, Inc. (NYSE: VOYA), today announced the launch of MyCompass American Funds, the latestRead More →

Voya Financial, Inc. (NYSE: VOYA), today announced the launch of MyCompass American Funds, the latest addition to Voya’s line of Target Date Fund (TDF) solutions for plan sponsors. Now available to all Voya pension plan clients, MyCompass American Funds offers a set of target dates for collective investment trusts (CITs)Read More →

New set of target dates supports growing demand for active equity management from advisors and builds on the success of the MyCompass Index, which has reached over $ 2 billion in plan assets since 2019 WINDSOR, Connecticut, November 9, 2021– (COMMERCIAL THREAD) – Voya Financial, Inc. (NYSE: VOYA), today announcedRead More →

Today, the IRS announced in Notice 2021-61 cost of living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2022 under the Internal Revenue Code. Almost all of the limits have increased this year, reflecting changes in the Consumer Price Index for All Urban ConsumersRead More →

Abstract Our Benefits and Executive Compensation group reminds plan sponsors to prepare for the IRS 2021 year-end changes and offers year-end measures. Qualified modifications Changes under the SECURE Act, CARES Act and hardship regulations Considerations for Safe Haven Plans This notice reminds sponsors of eligible pension plans of the upcomingRead 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 →

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 →

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 →

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 →

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 →

Hughes v. Northwestern Univ. n ° 19-1401,953 F.3d 980 (7th Cir. 2020),cert. allowed, 2021 WL 2742780 (US July 2, 2021) Oral argument scheduled for December 6, 2021. Problem: Are allegations that a defined contribution pension plan paid or charged its members a fee that significantly exceeded the fee for theRead More →

Lifetime income disclosure requirement. The Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”), enacted on December 20, 2019, added a new annual disclosure requirement for benefit reports to members and beneficiaries. The new disclosure obligation applies to all defined contribution plans covered by ERISA (forRead More →

BALTIMORE, June 1, 2021 /PRNewswire/ — T. Rowe Award (NASDAQ-GS: TROW) has developed a new framework to help sponsors of defined contribution (DC) plans evaluate retirement income solutions for members to meet the changing needs of retirees. The valuation framework is intended to allow plan sponsors to tailor their DCRead More →