Defined Contribution Plans
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Wells Fargo launching 'completely different' target date funds that take an active approach
The retirement funds, the firm's second to market, seek to give investors 80% pre-retirement income replacement.
DOL proposes rule to grease wheels for states to set up private-sector retirement programs
Labor Secretary Perez says proposal would validate approach that states like Illinois, California and Oregon are taking.
Baby boomers, shift to 401(k)s will send megabucks to advisers by 2020
New report forecasts $1.5T will flow to defined contribution and retail investment markets.
Fiduciary liability unclear when selecting and monitoring default retirement investments
Plan sponsors appreciate auto enrollment and qualified default investments, but there are imperfect fits at the individual participant level.
Boeing settles 401(k) suit for near-record $57 million
The large settlement underscores the need to ensure reasonable fees and asset classes for investments, and that the overall value of services matches up with cost.
Government officially launches 'myRA' program for retirement savings
Plan will be available for those earning a single income below $131,000 a year or $193,000 for married couples.
BlackRock launches retirement income calculator
Platform, using the money manager's index and risk analytics, seeks to help advisers push clients to save more.
Intel sued for investing employee 401(k) funds in hedge funds, private equity
Lawsuit alleges 401(k) and profit-sharing participants invested in tech firm's custom target-date series and global diversified fund lost hundreds of millions of dollars.
DOL supports ESG fund use in 401(k) plans
New guidance amends old rules that had a 'chilling effect' on ESG fund use in ERISA plans.
Schwab, Morningstar partner on 401(k) managed accounts
Schwab Retirement Plan Services is trying to get advisers more involved in 401(k) managed accounts through a new service for customized fund selection and portfolio construction for participants.
Retirement savings gap will fall mostly on women, Krawcheck says
Former Bank of America exec calls it 'a women's crisis,' urges financial industry to lower the $13B gap between assets and post-retirement needs.
4 ways the Labor Department is about to rock our world
The proposed fiduciary standard will have the biggest impact since the deregulation of the securities industry a few decades ago.
Allianz, Pimco targeted in class-action 401(k) suit
Firms are the latest targets in another class-action lawsuit alleging breach of fiduciary duty due to excessive 401(k) fees.
Vanguard knocks Fidelity from top spot of DC assets ranking after decades-long run
Index giant enjoys 7.9% increase in assets over last year while Boston behemoth suffers 3.4% drop.
Active target date managers make tweaks ahead of Fed rate hike
Active managers have made small changes on the margins of their TDF portfolios, which could give them a short-term advantage over passive managers.