PLANADVISER - The trusted information and solutions resource for ...
WEBPLANADVISER is the trusted information and solutions resource for America's retirement benefits decision makers. With its powerful array of customer-driven marketing programs, PLANADVISER offers industry providers an unparalleled ability …
Voya Tops $100B In Multiple Employer Assets - PLANADVISER
WEBAug 20, 2024 · Voya Financial Inc. has surpassed $100 billion in assets across its multiple employer solutions, which includes multiple employer plans, pooled employer plans, employer aggregation programs and other customized solutions. The figure marks a 15% increase in total assets compared with the same period last …
State 401(k) Mandates May Cause ‘Crowd-In’ Effect, Boosting …
WEBAug 22, 2024 · State retirement plan mandates that offer state-facilitated auto-IRAs may be creating a “crowd-in” effect causing more small employers to offer private market 401(k) plans to their employees, according to a recent paper released by the National Bureau of Economic Research.. By analyzing tax information from employers in four states with mandated retirement plans via automatic individual ...
Unpacking New Use of 529s to Invest in Roth IRAs - PLANADVISER
WEBAug 23, 2024 · It also may provide piece of mind for a growing tax-deferred savings vehicle: according to findings earlier this year from ISS Market Intelligence, which, like PLANADVISER, is owned by ISS STOXX, 529 assets grew 5.7% in the first quarter of 2024 and 15.6% over the past year. Account balances also, on …
Lawsuit Alleges TIAA, Morningstar, Pushed Participants Into …
WEBAug 7, 2024 · Retirement plan participants have filed a class action lawsuit against TIAA and Morningstar for allegedly breaching their fiduciary duty by using a jointly created retirement planning tool to steer participants into TIAA investment products. In a lawsuit filed Monday in U.S. District Court for the Southern District of New York, three plaintiffs ...
Guideline Hits $15B in AUA on Philosophy of Simplicity, Low Fees
WEBAug 20, 2024 · The firm’s Starter 401 (k) program, which launched in October 2023, has proven a driver of new plan growth by targeting firms with new state mandates. Guideline also offers a service called Guideline Pro, which financial advisers can use to set up plans for clients—as of now, that accounts for about 12% of the firm’s business, Busque says.
DOL Updates Guidance on Audit Independence Rules
WEBSep 2, 2022 · The U.S. Department of Labor has issued new guidance for retirement plan fiduciaries, technically referred to as Interpretive Bulletin 2022-01, that addresses the rules about audit independence that apply to retirement plans governed by the Employee Retirement Income Security Act. Want the latest retirement plan adviser news and insights?
Challenges of Retirement Plans with Union Members
WEBJun 16, 2015 · For sponsors and advisers working with a union retirement plan, “the biggest challenge is to align disparate parties' interests," says Josh Gottlieb, chairman and CEO of The Gottlieb Organization in Chagrin Falls, Ohio. "To find a solution, we first work to understand each party's issues. Once we understand each party's expectations, we can ...
Ascensus Restructures Retirement Business and Its Leadership Team
WEBFeb 6, 2024 · Alex Ortolani. Recordkeeper and retirement services firm Ascensus LLC announced Monday it has restructured its retirement business into four business segments to focus on the goals and needs of its clients, partner firms and advisers. The four units will report to President Nick Good, who joined the firm in September 2023 and reports to …
A Reminder to Avoid Fraudulent Hardship Withdrawals
WEBFeb 10, 2022 · In United States v. Barringer, the defendant was convicted by a jury of wire fraud, among other charges, for transmitting a fraudulent hardship withdrawal form to her company’s 401 (k) plan provider to obtain a distribution from her account. However, the court in that case reversed course and granted the defendant’s motion for judgment of ...