Fidelity is the largest retirement plan provider in the United States, with 23,000 companies using it to administer their plans. These employers will decide if their workers can have a bitcoin option. If so, companies can also lower the threshold for savings invested in bitcoin. Fidelity already has some tractionRead More →

Employees say the county’s lackluster retirement plan is costing valuable members of Bulloch County’s workforce, driving up health care costs and subjecting the county to avoidable liabilities. That’s what commissioners heard during a report on the pension plan proposals at Tuesday’s meeting. “I have been here for 20 years. I’veRead More →

The motivations for buying Bitcoin (BTC) are numerous: a hedge against inflation, financial independence or even the hope of a Lamborghini and life in the sun. For Mr. ERB,” an avid blogger and bitcoin enthusiast, is about retiring early. ERB maintains a detailed account of its finances on its BlogRead More →

Edelman Financial Engines, an independent wealth planning and investment advisory firm, announced a new partnership with the Global Financial Literacy Excellence Center at George Washington University. The initiative includes the launch and study of a new financial education and counseling program called Fast Track to Financial Health. To begin, theRead More →

Health insurance and hospital employees are increasingly filing lawsuits against their employers for alleged failure to effectively manage their retirement accounts. Workers have filed 25 complaints against their employers this year, including at least 11 in the healthcare sector, including companies like Centene Corp., DaVita Inc. and Boston Children’s Hospital,Read More →

For a moment, she struggled to get her bag out of the plane’s overhead compartment. “May I,” I asked. “Thank you, I’m fine,” she replied. The typical Westerner’s response when he’s slightly embarrassed that you caught him looking a bit addicted. “I packed it, didn’t I? she said with aRead More →

With the migration from company-sponsored defined benefit plans to defined contribution plans such as 401(k), 403(b) or deferred compensation (457), it is essential to choose the right plan, d Allocate your assets according to your objectives and designate the appropriate beneficiary(ies). In business for over 25 years, we have seenRead More →

With professional financial advice and guidance, couples can avoid the cascading failures that can completely derail retirement planning. A move he often sees spouses employ doesn’t end up being a solution. “For example, it’s common to see 401(k) loans — or full withdrawals, especially during Covid times — to tryRead More →

First Lady Margaret Kenyatta said she will focus her efforts on managing and growing the recently launched Margaret Kenyatta Institute for Gender and Social Development once she retires from her current post in August. Speaking at the State House in Nairobi after the East African Community (EAC) meeting between HeadsRead More →

NEW YORK, April 5, 2022 /PRNewswire/ — On behalf of Brio Benefits Consulting, we are pleased to announce that Matthew ComptonManaging Director, Retirement Solutions at Brio, has been recognized as a finalist for Pension Advisor of the Year 2022. (PRNewsfoto/Brio Benefit Consulting) Recently relaunched as the PLANADVISER Industry Leaders Awards,Read More →

NEW YORK, April 5, 2022 /PRNewswire/ — On behalf of Brio Benefits Consulting, we are pleased to announce that Matthew ComptonManaging Director, Retirement Solutions at Brio, has been recognized as a finalist for Pension Advisor of the Year 2022. Recently relaunched as the PLANADVISER Industry Leaders Awards, the upcoming awardsRead More →

In over 20 years as a paid financial planner, I have witnessed many situations where external factors and individual choices threatened to derail clients’ financial plans. Some of these situations are avoidable and others are beyond our control. The key is to identify these threats early and determine if anyRead More →

(Photo credit: APN Photography/Shutterstock) Overview of the DaVita Retirement Plan Excess Fee Class Action: WHO: Lourdes Teodosio, Amber Brock, Garoon Gibbs-Racho and Damon Parks have filed a class action lawsuit against DaVita, Inc. and its board of directors. Why: Former DaVita employees say the company cost its pension plan holdersRead More →

Few investors know if they have invested in the right funds and if their fund portfolio is on the right track. The Portfolio Doctor assesses the health of the fund portfolio, reviews the schemes and their suitability for the objectives and, if necessary, recommends corrective measures. The advice given isRead More →

Retirement plan disclosures required by the Employees Retirement Income Security Act (ERISA) may be disseminated more widely through electronic media under the Department of Labor (DOL) 2020 Act regulation of electronic distribution. Leveraging modern communication methods to electronically distribute employee benefit plan documents saves time and money, but manufacturers oftenRead More →

Vladimir Putin’s invasion of Ukraine ruined Ash Barty’s retirement plans. Image: Getty Ash Barty revealed how Russia’s invasion of Ukraine caused her to change her initial retirement plans. Speaking to reporters on Thursday To explain her shock decision to retire from tennis at 25, Barty hinted that she originally plannedRead More →

goodluz / Shutterstock.com Thinking about retirement can trigger a lot of anxiety. But crafting a solid plan to achieve your goals can create confidence and a sense of peace that erases those worries. Loyalty investments recently asked more than 2,500 American adults to talk about how they plan for retirement.Read More →

ESG is becoming more mainstream in retirement strategies. Indeed, recent figures from Aviva have shown that a strong majority (72%) of savers consider such initiatives to be important when developing their long-term financial plans. As a result, more and more pension schemes and companies operating in the retirement industry areRead More →

(Photo: Peshkov/Adobe Stock) Many business owners tend to think of 401(k)s as the standard retirement plan solution, but it might not always be the right solution. There are different retirement plan options available to meet a variety of business needs, each offering tax benefits to employers and, in some cases,Read More →

“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 →

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 →

TULSA, Okla., March 04, 2022 (GLOBE NEWSWIRE) — BOK Financial (NASDAQ: BOKF) has once again 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, measuringRead More →

Escambia County Clerk Pam Childers and the Escambia County Commission have now filed suit against each other in an ongoing dispute over the pension plan. It’s called a 401(a) annuity program, and under state law, it’s only offered to employees and commissioners of executive services retiring from Florida. Retirement SystemRead More →

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 →

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 →

On February 18, 2022, President Biden again officially extended the national COVID-19 emergencywhich was set to expire on March 1, 2022. As explained in detail in our previous alerts1this most recent extension means that the deadlines listed below continue to be tolls for one year (or, if earlier, 60 daysRead More →

NEWARK, NJ, February 23, 2022 – Prudential Financial, Inc. (NYSE: PRU) today announced a pension risk transfer transaction, whereby the Timber Operators Council Pension Plan (“TOCRP”) settled approximately $245 million of its pension plan obligations, for approximately 3,000 retirees, beneficiaries and deferred participants, through the purchase of a group annuityRead More →

NEWARK, NJ–(BUSINESS WIRE)–Prudential Financial, Inc. (NYSE: PRU) today announced a pension risk transfer transaction, whereby the Timber Operators Council Pension Plan (“TOCRP”) settled approximately $245 million of obligations of its pension plan, for approximately 3,000 retirees, beneficiaries and deferred members, by purchasing a group annuity contract from the Prudential InsuranceRead More →

NEWARK, New Jersey, February 23, 2022–(BUSINESS WIRE)–Prudential Financial, Inc. (NYSE: PRU) today announced a pension risk transfer transaction, whereby the Timber Operators Council Pension Plan (“TOCRP”) settled approximately $245 million of obligations of its pension plan, for approximately 3,000 retirees, beneficiaries and deferred members, by purchasing a group annuity contractRead More →

(Photo credit: Piotr Swat/Shutterstock) Overview of Goldman Sachs Employee Retirement Class Action: WHO: A former Goldman Sachs employee is suing the bank, alleging it mishandled its employees’ $7.5 billion 401(k) plan. Why: The plaintiff claims the banking giant’s plan was full of underperforming company-managed investment funds. Or: The case isRead More →