The New York-based, fintech 401(k) service provider announced that it has launched the first commercial product allowing small- and mid-sized employers to automatically match employee student loan payments with a 401(k) contribution. Betterment at Work’s new offering comes as Section 110 of the... READ MORE

Employer plan sponsors and fiduciaries that are subject to the prohibited transaction rules as set forth in ERISA and the Internal Revenue Code (IRC) will want to take note of new procedures for granting administrative transaction exemptions.    The Department of Labor’s Employee Benefits Security... READ MORE

More American savers will turn 65 this year than at any point in history, with roughly 12,000 people a day reaching the age that most target for retirement, but a new report suggests that many are second-guessing whether they are ready to retire.   The Nationwide Retirement Institute surveyed 1,... READ MORE

Faith-based investment management firm Crossmark Global Investments this week announced that Bob Doll, who since 2021 has served as the firm’s Chief Investment Officer, has taken on the added responsibilities of President and Chief Executive Officer. The change is effective Jan. 16, the date of... READ MORE

With several references made to the movie Groundhog Day, witnesses testifying at a House subcommittee hearing to examine the DOL’s proposed investment advice fiduciary rule suggested the proposal goes beyond its legal authority and called on Congress to act before the guidance ends up in litigation... READ MORE

The Berwyn, PA-based firm announced Jan. 8 that, after more than two decades with the company, founder and CEO Bill Crager has made the decision to resign from his role as CEO and transition into a senior leadership position. According to the announcement, Crager’s transition will begin April 2024... READ MORE

Not wasting any time to start the new year, the House Financial Services Committee has announced a hearing to examine the Department of Labor’s proposed rule on the definition of investment advice fiduciary. More specifically, the hearing titled “Examining the DOL Fiduciary Rule: Implications for... READ MORE

Even though a recession never materialized in 2023 and the economy defied expectations in many ways, the key economic question for 2024 is whether central banks can continue the “landing of the plane” without a recession, Bob Doll observes in his annual list of predictions. As he has for more than... READ MORE

New results from the Retirement Clearinghouse’s Auto Portability Simulation (APS) model further reveal the potential for auto portability to dramatically increase retirement savings.    Based on new assumptions that increase the model’s predictive accuracy, the firm’s resulting paper—Revisiting... READ MORE