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BY Ted Godbout 4/25/2024
The right mix for retirement funding doesn’t necessarily mean million-dollar portfolios, but should include advice that allows “chunky spending,” addresses employment outlook, avoids unpleasant retirement surprises, and analyzes living arrangements, a new report suggests.
In fact, it looks as if...
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BY NAPA Net Staff 4/25/2024
Do you have an existing nonqualified plan focus? Are you looking to grow into this rapidly expanding arena?
If so, you won’t want to miss the 2024 NAPA Nonqualified Plan Consultant (NQPC) Conference, Sept. 15-17 in Chicago, Illinois. Taking place at the Loews Chicago O’Hare, the conference will...
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BY Nevin E. Adams, JD 4/25/2024
After plunging to levels not seen since the so-called Great Recession, a new survey picked up on a burst of optimism in retirement confidence. And the picture of retirement FROM retirement looks pretty good.
In fact, two-thirds (68%) of the workers and three-fourths (74%) of retirees surveyed were...
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BY Kelsey Mayo 4/25/2024
The Department of Labor (DOL) released the Retirement Security Rule, informally known as the fiduciary rule, to great fanfare on Tuesday—including a press conference and White House ceremony.
Now that it’s released, what changes does the final rule make to the proposed rule? Here are eight...
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BY Joey Santos-Jones 4/24/2024
Betterment has entered into an agreement with Goldman Sachs to acquire the digital investment accounts of the investment bank's Marcus Invest, as announced on Monday. Betterment will integrate Marcus Invest's accounts into its operations. The company currently manages over $45 billion in assets and...
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BY Ted Godbout 4/24/2024
Nationwide is accelerating the adoption of next-generation automatic plan features by allowing plan sponsors to automatically default participants into an in-plan protected retirement solution, according to an April 24 announcement by the firm.
While many employers are familiar with setting a...
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BY Nevin E. Adams, JD 4/24/2024
It’s said that if at first you don’t succeed, try, try again—but if you’re suing in federal court, you had better make your case.
The suit in question this time—which was last decided in favor of the fiduciary defendants almost exactly a year ago—had alleged that the Georgetown University 403(b)...
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BY Jenny Kiffmeyer, JD 4/24/2024
ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings and income plans, including nonqualified plans, stock...
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BY John Sullivan and Ted Godbout 4/23/2024
On Tuesday afternoon, the Department of Labor (DOL) released its final Retirement Security Rule—also called the Fiduciary Rule—that it said will “protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings...
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BY Bonnie Treichel, JD, and Nevin E. Adams, JD 4/23/2024
The new year has brought with it two new genres of Employee Retirement Income Security Act (ERISA) litigation, including the first-ever case of an employee alleging a fiduciary breach by the employer’s health care plan practices.
That said, cases involving prudent selection and monitoring of...
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