“These investments present significant risks and challenges to participants’ retirement accounts, including significant risks of fraud, theft and loss.” The caution comes as the DOL has seen an increase in the number of companies marketing crypto investments for 401(k) plans in the recent past. The department’s Employee Benefits Security AdministrationRead 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 →

WASHINGTON DC – Bipartisan legislation to remove a barrier preventing lifetime income products as the default investment choice in retirement plans was introduced today. The Employee Lifetime Income Act, introduced by Rep. Donald Norcross (DN.J.) and Rep. Tim Walberg (R-Mich.), would allow pension plan sponsors to use lifetime income solutionsRead More →

San Francisco, California, February 10, 2022 –(PR.com)– Verb™ presents a series of talks: “Improving your retirement plan: time to rethink it?” with Patrick Collar, Nicholas Pension Consultants Patrick Collar, principal at Nicholas Pension Consultants, will be the featured guest in the Verb™ Presents speaker series on Tuesday, February 22, 2022Read More →

Patrick Collar, principal at Nicholas Pension Consultants, will be the featured guest in the Verb™ Presents speaker series on Tuesday, February 22, 2022 at 5:30 p.m. PT. His talk (“Improving Your Pension Plan: Time for a Rethink?”) will focus on the critical issues facing small and medium-sized business owners. SanRead More →

NEWRY — At the January 18 meeting of the Newry Board of Selectmen, a new 457 retirement plan was discussed. It’s pre-tax that saves the city money. “Currently the town offers a SIMPLE IRA (Savings Incentive Match Plan for Employees) product, it was set up in 2006, and it isRead 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 →

United States: IRS 2021 Achievement Letter Shows Retirement Plan Audit Activity Continues January 10, 2022 McLane Middleton, Professional Association To print this article, simply register or connect to Mondaq.com. On January 6, 2022, the Tax Exempt and Government Entities (“TEGE”) Division of the Internal Revenue Service released its Fiscal YearRead 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 →

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 →

NEW YORK – (BUSINESS WIRE) – December 1, 2021– Bartholomew Consolidated School Corporation in Columbus, Ind. selected Fair, a leading financial services organization and primary franchise of Equitable Investments Inc. (NYSE: EQH ), as the sole provider of its 403 (b) and 401 (a) supplemental pension plans after a competitiveRead More →

NEW YORK – (BUSINESS WIRE) – December 1, 2021– Bartholomew Consolidated School Corporation in Columbus, Ind. selected Fair, a leading financial services organization and primary franchise of Equitable Investments Inc. (NYSE: EQH ), as the sole provider of its 403 (b) and 401 (a) supplemental pension plans after a competitiveRead More →

NEW YORK, December 01, 2021– (COMMERCIAL THREAD) – Bartholomew Consolidated School Corporation in Columbus, Ind. selected Fair, a leading financial services organization and primary franchise of Equitable Investments Inc. (NYSE: EQH), as the sole provider of its 403 (b) and 401 (a) supplemental pension plans after a competitive bidding process.Read More →

NEW YORK – (BUSINESS WIRE) – December 1, 2021– Bartholomew Consolidated School Corporation in Columbus, Ind. selected Fair, a leading financial services organization and primary franchise of Equitable Investments Inc. (NYSE: EQH ), as the sole provider of its 403 (b) and 401 (a) supplemental pension plans after a competitiveRead More →

A retirement plan is for retirement, not asset protection getty I first wrote about California’s private retirement plans about seven years ago in my article, The California Private Retirement Plan: Separating Fact From Fiction (12/28/2015). This article predicted the misuse of private pension plans as asset protection vehicles, and thatRead More →

BALTIMORE, November 16, 2021 / PRNewswire / – Transamerica and FuturePlan by Ascensus today launched an innovative new group plan retirement solution called FuturePlan GPS (Group Plan Solution). FuturePlan GPS makes it easier for employers to sponsor a pension plan by reducing tedious administrative burdens and mitigating fiduciary risk. WithRead More →

By Stacy Miller, CFP Embarking on the journey of entrepreneurship and small business ownership can be frightening. You often give up the security of a regular income and benefits in the hope of a fulfilling, flexible and successful new career. Some potential and new entrepreneurs overlook the long-term effects ofRead More →

INDIANAPOLIS, November 2, 2021 / PRNewswire / – OneAmerica® today unveiled OneConnectSM, a pension plan solution that facilitates administration and retains the independence of companies seeking to grow through a mutualized or multi-employer approach. OneConnect offers flexible plan design and simplified fiduciary oversight. OneConnect by OneAmerica offers many of theRead More →

OneConnect by OneAmerica offers many of the benefits of group retirement plans, but with greater simplicity. Tweet this The passage of the Setting Every Community Up for Retirement Enhancement (SECURE) law included a provision authorizing the creation of common employer plans (PEP) to replace the traditional single plan sponsor withRead 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 →

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 →

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 →

New Common 401 (k) Retirement Plan Now Available for U.S. Real Estate Agents Registered with SPARK Association of Real Estate Professionals MADISON, New Jersey, September 28, 2021 / PRNewswire / – Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in United States, and Platinum 401k,Read More →

The individual audit requirements in the recently proposed federal regulations on the filing of consolidated group retirement plans cast doubt on whether workplace plans are joining forces. Benefits lawyers and pension plan sponsors who hoped the 2019 legislation allowing groups of similar plans to file single, consolidated government disclosures wouldRead 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 →

A bill allowing workers to make student loan repayments while their employers make matching contributions to their defined contribution accounts was reintroduced in the Senate on Thursday. Under the Pension Parity Act for Student Loans, employers are allowed to make matching contributions to workers’ 401(k), 403(b), and SIMPLE and governmentRead More →

As many people struggle to overcome the financial setbacks caused by the COVID-19 pandemic, more employers are focusing their efforts on helping employees improve their financial well-being and save for the future. . An October 2020 study from the Employee Benefit Research Institute reveals that more and more employers areRead More →