Defined Contribution Plans
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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
Design of 'top hat' plans benefits high earners
Originally designed to allow a company's highest-paid executives to defer their annual cash bonus, nonqualified deferred-compensation plans have evolved into flexible, multiuse executive retirement plans — with investment options similar to their qualified-retirement-plan counterparts.
ERISA lawyers: Professor's take on 401(k)s is bunk
Say plan sponsors should follow 'prudent process' to evaluate service providers.
Hutcheson's tumble offers lessons
Some harsh lessons are in order for financial advisers and plan sponsors after the sentencing of famed 401(k) fiduciary advocate Matthew D. Hutcheson. Mr. Hutcheson, well known for speaking before Congress on the merits of fiduciary duty, will serve more than 17 years in prison after making off
Putnam's Reynolds repeats call for automatic workplace retirement savings
Robert Reynolds has reiterated his call for employers to put workers and their retirement plans on autopilot. “Let's go 'full-auto'— auto-enrollment, auto-re-enrollment annually, auto-escalation to higher deferrals plus automatic default to qualified target date or balanced funds and protection
CalPERS switches to all-passive DC plans
When CalPERS talks, people listen. Hear this: the pension fund giant is switching to all passive funds in its DC plans, citing lower costs, participant preference.
Five budget items that target retirement accounts
Five proposals were included in this year's federal budget that directly relate to retirement accounts. Here is a rundown of each proposal, its main benefit and its drawback.
Widower can collect survivor benefits now, retirement benefits later
So often when I write or talk about Social Security benefits, I refer to the fact that actuarially, women are likely to survive their husbands. Consequently, many of my discussions of survivor benefits focus on widows.
GAO is on target in rollover report
When workers participating in 401(k) plans switch jobs, they have the option of rolling over the money that they have saved into individual retirement accounts. But that isn't their only choice.
Rollover conflicts a task for advisers
Investment advisers agree that rollovers from defined-contribution plans such as 401(k)s into individual retirement accounts can be tinged with conflicts of interest, but they say that a new government report on rollovers failed to mention the role that they can play in resolving such conflicts.
Reports of the death of retirement savings greatly exaggerated
New data reveal more cash stashed away than thought; plan sponsors wising up.
Advisers pitching 401(k) plans: Do your homework
As more advisers jockey for 401(k) business, they'll have to find different ways to stand out among prospects and win new plans.Research from Franklin Templeton Investments shows that plan sponsors turn to referrals from peers to uncover advisers they'd like to work with rather than responding
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Blaine Aikin CEO, fi360
Timothy Welsh, CFP President and Founder, Nexus Strategy, LLC
Justin Wisz Co-Founder & CEO, Vestorly