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John Sullivan
By John Sullivan | 4/25/2024
High-profile retirement plan industry personalities Bonnie Treichel and Matthew Eickman are teaming up to tackle, among other things, retirement income.
Eickman will transition from his role as National Retirement Practice Leader at Qualified Plan Advisors, parent company Prime Capital Investment...
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By John Sullivan | 4/25/2024
Alera Group is on a tear.
In late March, the Illinois-based independent insurance and financial services firm launched a small market retirement plan solution with Vestwell and Franklin Templeton for employers with fewer than 100 employees—the goal is to bring "large-plan services [to] businesses...
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By John Sullivan | 4/22/2024
The American Retirement Association has confirmed that the Department of Labor (DOL) will release the fiduciary rule, officially called the Retirement Security Rule, on Tuesday.
Acting Secretary of Labor Julie Su will announce the final regulation in a Treaty Room ceremony at 5 p.m.
It was...
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By John Sullivan | 4/19/2024
It’s a bit of a surprise. Ted Benna is joining a fintech.
The man who’s (literally) been in the 401(k) space since the beginning is embracing technology in a bid to help close the coverage gap.
For the one or two retirement plan advisors who don’t know, Benna first identified the 401(k) as a...
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By John Sullivan | 4/18/2024
Relatively few health savings accounts (HSA) are invested, eliminating one of the product’s biggest advantages.
Recent analysis from the Employee Benefit Research Institute (EBRI) finds that only 13% of accountholders invested their HSAs in assets other than cash, suggesting many consumers need...
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By John Sullivan | 4/17/2024
Momentum is increasing in Congress to repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
In March, Reps. Garret Graves (R-La.) and Abigail Spanberger (D-Va.) called on the House Ways and Means Committee to hold a markup on their bipartisan bill, H.R. 82, the ...
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By John Sullivan | 4/12/2024
Retirement income is all the rage—or at least the idea of retirement income is all the rage.
Advisors, plan sponsors, and, yes, participants increasingly acknowledge the need for some sort of guaranteed income stream to combat longer life spans and, thus, longer retirements.
It was a major...
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By John Sullivan | 4/12/2024
What do plan sponsors want? What products and services do they feel are right for their participants? Importantly, what do they expect from the advisors with whom they engage?
These questions and more were answered at an afternoon general session at the recently completed NAPA 401(k) Summit in...
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By John Sullivan | 4/11/2024
The White House's Office of Management and Budget (OMB) has completed its review of the Retirement Security Rule, and it is expected to be released by the Department of Labor (DOL) by the end of the month, according to reliable sources.
The OMB concluded its review and removed the rule from its...
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By John Sullivan | 4/8/2024
“Democracy is messy, and it’s hard. It’s never easy.”
American Retirement Association CEO Brian Graff quoted Robert Kennedy to describe the current political environment and its potential effect on retirement plan savers and advisors.
Graff, who kicked off the opening keynote general session at...
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By John Sullivan | 4/8/2024
NAPA’s Immediate Past President, Renee Scherzer, addressed attendees during the National Association of Plan Advisors' leadership transition at the organization’s 401(k) Summit in Nashville on Sunday.
Describing her time as NAPA president as a rollercoaster ride, she noted the “ups, downs,...
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By John Sullivan | 4/8/2024
On Sunday, a blue-ribbon panel of D.C. tax-policy wonks joined American Retirement Association (ARA) CEO Brian Graff at the NAPA 401(k) Summit in Nashville to discuss potential legislation impacting retirement plans.
Graff set the stage by noting that the industry will experience an inflection...
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By John Sullivan | 4/7/2024
After all the preparation, planning, travel, and travails, the 2024 National Association of Plan Advisors (NAPA) 401(k) Summit will start Sunday afternoon in Music City.
The Summit, the largest ever with a record-setting 2,800 advisors and exhibitors, promises discussions of retirement plan policy...
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By John Sullivan | 4/7/2024
A rousing start to the NAPA 401(k) Summit happened in Nashville, Tenn., on Sunday. Summit Co-Chairs CAPTRUST's Devyn Duex and Raymond James' Don MacQuattie hit the stage in appropriate country and western gear to get attendees excited for the education and entertainment to come.
"I just didn't...
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By John Sullivan | 4/7/2024
It’s Music City, so apropos.
Kidder Company/Fuerza Financial Chairman and CEO Keith Gredys chose the distinctive beat and guttural guitar riff of the Black Sabbath classic "Iron Man" to begin his presidential acceptance speech at the NAPA 401(k) Summit in Nashville, Tenn.
“Why did I walk in with...
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By John Sullivan | 4/4/2024
Human Interest is particularly interested in 401(k) plan investigations and audits by the Department of Labor.
The San Francsico-based fintech scoured the Employee Benefits Security Administration’s (EBSA) annual fact sheets, finding that the five-year average for funds recovered by EBSA...
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By John Sullivan | 4/2/2024
The American Retirement Association (ARA) and sustainable markets advocacy organization Ceres filed an amicus brief last week in the 5th U.S. Circuit Court of Appeals. It supported the U.S. Department of Labor’s (DOL) rule “that ensures retirement plan fiduciaries, including 401(k) sponsors, can...
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By John Sullivan | 3/28/2024
It’s all about engagement.
Basic psychology tells us that groundwork must be laid before getting someone to act. Yet too many tools in the retirement plan and financial services industries fail this basic tenet, resulting in low engagement and lower participation.
Moniwell isn’t one. The firm...
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By John Sullivan | 3/27/2024
Longevity and greater spending are “putting the U.S. retirement system under immense strain,” BlackRock CEO Larry Fink wrote in his annual letter to shareholders.
In the letter, bluntly titled “Time to Rethink Retirement,” Fink argued that capital markets will be critical in addressing what he...
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By John Sullivan | 3/22/2024
It’s the latest iteration of the auto revolution (enrollment, escalation, portability). While not directly related to 401(k)s, an idea for automatic adjustments involves retirement income—specifically, Social Security.
Alicia Munnell and William Arnone, two familiar names in retirement plan...
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