Defined Contribution Plans
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The best- and worst-performing target date funds
Target date 2016-203-month return1-year return3-year return5-year returnNet assets ($M)Expense ratio*Top 10Manning & Napier Target 2020 I (MTNIX)2.60%11.40%8.31%14.36%$177.80.86%Legg Mason Target Retirement 2020 A (LMWAX)2.34%10.65%7.51%15.79%$6.11.15%American Century One Choice 2020 R6 ...
DeWaay settles with Labor Department over retirement plan recommendations
Famed financial adviser Donald Gene DeWaay Jr. has reached a settlement with the Labor Department to pay $341,487 to 68 retirement plans following federal investigations into some of his firm’s sales. The DOL’s Employee Benefits Security Administration claimed Mr. DeWaay, the firms he owns and a
Great-West Financial to acquire J.P. Morgan retirement unit
Robert Reynolds' Great-West Financial agreed to acquire J.P. Morgan Retirement Plan Services, boosting its profile as a retirement plan record keeper and putting it at No. 2 in the retirement services business by participants nationally.
New flavor of outsourced fiduciary for retirement plans hits the market
ERISA 3(16) fiduciary plan administrator business is growing, but plan sponsors need to watch out for traps.
Account opening is No. 1 tech concern: Survey
Beacon finds 'client onboarding' has replaced social-media archiving as brokers' biggest technology challenge.
Small retirement plan fiduciaries drowning in new fee disclosures
Documents are way too long, information is split up among multiple documents, and the legalese is mystifying
You can thank or blame Richard Stanger for writing 401(k)
Richard Stanger was a primary author of a little-noticed piece of a 1978 tax law, an 869-word insert that was lost in the political heat of the time.
Investors brace for a rocky ride with stocks
Breakfast with Benjamin: January was rough, and though Seattle winning the Super Bowl is a good omen for stocks, it's going to be a bumpy ride. Also: How defined contribution assets surged, celebrating 25 years as a top PM, who to thank (or blame) for 401(k)s, finding gems in the emerging markets
BlackRock creates U.S. retirement group led by Chip Castille
He will remain head of the DC business; Bruce Wolfe is COO of new business.
Americans vow to shed debt in 2014 but few commit to financial planning
On this first business day of 2014, I couldn’t resist pulling together some New Year’s resolution polls to give financial advisers a hint of what their current and prospective clients may be thinking. It seems nothing erases a bad memory like a recent triumph. Only five years have passed since the
Factoring travel dollars into financial plans
Though a majority of retirees' wish lists include trekking the world, few plan ahead for such costs.
DOL seeks high court action on company stock in 401(k)s
The appeal of company stock as an investment option in defined contribution plans could dim considerably if the Department of Labor succeeds in having the U.S. Supreme Court revisit the issue of fiduciary prudence in managing that option. The department's petition to the Supreme Court, filed Nov.
Regulatory changes driving up demand for retirement plan advisers
A flurry of changes to how the federal government oversees retirement plans could provide financial advisers with the opportunity to work more closely with employers on these plans, industry professionals said on Tuesday. “We can’t hire people fast enough to keep up with demand,” said Jania Stout,
Shutdown leads retirement plan regulator to hit pause
Thanks to the shutdown of the federal government, the Labor Department's Employee Benefits Security Administration likely will have to hit the “pause” button on certain investigations and enforcement actions. Generally, federal employees are unable to work if there is no funding available, but some
Small-biz retirement plan options launched by Genworth
Genworth Financial Wealth Management Inc. on Monday launched Retirement Connections, a set of retirement plan options that financial advisers can offer to their small-business-owner clients. “Business owners are overwhelmed with the affairs of running a business,” said Michael Kim, senior vice
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February 27, 2014