Plan sponsors should consider changing the information architecture to frame savings rates to boost saving among DC pension plan members and close coverage gaps among demographic cohorts, according to industry experts. New looking for scholars and Voya Financial provides additional context for considering change. The research, “Reducing Savings Gaps ThroughRead 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 →

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 →

Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here. The mobile-optimized digital experience offers engaging and motivating resources that make it easier to take action and achieve financial goals. RADNOR, Pa.–(BUSINESS WIRE)– Lincoln Financial Group (NYSE: LNC) today announced theRead 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 →

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 →

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 →

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 →

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 →

Receive instant alerts for news on your actions. Claim your 1-week free trial for StreetInsider Premium here. WESTLAKE, TX – (BUSINESS WIRE) – Schwab Retirement Plan Services, Inc. was ranked the highest for overall satisfaction in the JD Power 2021 US Retirement Plan Digital Satisfaction Study. Charles Schwab’s Also rankedRead More →

WESTLAKE, TX – (BUSINESS WIRE) – Sep 30, 2021– Schwab Retirement Plan Services, Inc. was ranked highest for overall satisfaction in the 2021 US JD Power Retirement Plan Digital Satisfaction Study. Charles Schwab also ranked # 1 in the Large segment. plans in the JD Power 2020 (equality) and 2019Read 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 →

Nowadays, almost everything – and everyone – is online, including pension plan members. Members can use their plan’s websites or online portal to do just about anything – enroll (or opt out), make or change contribution choices, select or change investment options, request distributions, etc. It is not surprising thatRead More →

United States: On the Horizon – New Pension Design Opportunities! Meet: “Securing A Strong Retirement Act Of 2021”, Aka “SECURE 2.0” September 13, 2021 Bryan Cave Leighton Paisner LLP To print this article, simply register or connect to Mondaq.com. Important legislation is being drafted in the House that promises toRead More →

On July 16, 2021, the IRS issued Revenue Procedure 2021-30, an updated version of the Employee Plans Compliance Resolution System (“EPCRS”). Pension plan sponsors can use the EPCRS to correct certain compliance errors and avoid the adverse tax consequences associated with plan exclusion. We have provided a summary of theRead More →

In the wake of the Setting Every Community Up for Retirement Enhancement Act (SECURE) of 2019, there is currently broad bipartisan support in Congress for additional pension legislation providing incentives to increase employee retirement savings. . The House and Senate have drafted essentially similar bills that are being drafted inRead More →

The US Department of Labor (DOL) has unveiled an interim final rule (the “Lifetime Income Disclosure Rule”) that adds a new lifetime income disclosure requirement for administrators of defined contribution plans (for example, plans covered by Section 401 of the Internal Revenue Code (Code) (k) or Section 403 (b) ofRead More →

Earlier this year, we discussed the lifetime income disclosure requirement included in the Every Community Establishment for Retirement Enhancement Act of 2019 (the “SECURE Act”). When the disclosure requirement takes full effect, the benefit statement issued by each defined contribution plan governed by ERISA must include lifetime income illustrations andRead More →

Early versions of web portals for plan members only provided information on account balances and investment options. Today’s innovative portals supplement this basic information with retirement income planning analysis and member-specific advice on improving retirement outcomes. Layout and site designs and user interaction features are also changing, based on behavioralRead More →