An annual study that assesses Americans’ level of financial literacy finds a strong connection between people's retirement fluency and how financially prepared they are for retirement. For instance, Americans correctly answered an average of only 40% of the retirement-related questions. And among... READ MORE

Vanguard and Ascensus have announced a major deal that could potentially shake up the small-business retirement plan market. According to the April 16 announcement, Ascensus has entered into a definitive agreement to acquire Vanguard's Individual 401(k), Multiple Participant SEP (Multi-SEP), and... READ MORE

Serving as another warning that it's past time to begin complying with its amended marketing rule, the Securities and Exchange Commission (SEC) has settled charges against five registered investment advisers for what the Commission deemed as misleading advertising by the firms.   According to the... READ MORE

We’re still several months away from knowing what the final Social Security cost of living adjustment (COLA) will be for 2025, but the federal government's inflation data for March has pushed the COLA estimate higher, while dampening hope for future rate cuts. According to the March Consumer Price... READ MORE

A new survey-driven analysis of the Saver’s Match enacted under the SECURE 2.0 Act finds that the program has the potential to be a “force multiplier” in helping lower-to-middle income Americans boost their retirement savings prospects. More specifically, the analysis conducted by Boston Research... READ MORE

Fintech provider Pontera has announced the hiring of three leaders with nearly 70 years combined experience in the defined contribution (DC) plan industry to oversee a new DC Partnerships Team. The firm revealed that Jerry Bonnabeau will join the firm as its Head of DC Partnerships, a new role, in... READ MORE

LeafHouse, iJoin, and ARS have announced a new partnership to deliver a technology-driven solution that provides a personalized savings and income experience for participants within a managed account offering. Named the Automated Personalized Portfolio™ (APP) program, LeafHouse will be the fund... READ MORE

The Lincoln Financial Group announced this week that it is enhancing its retirement plan options by launching a comprehensive pooled employer plan (PEP) solution for 401(k) and 403(b) plans.  Named FlexPEP(k) and FlexPEP(b), the new “side-by-side” pooled employer solutions for businesses and not-... READ MORE

A new survey finds that Americans’ “magic number” for retirement has surged to an all-time high, jumping 15% in just a year and a whopping 53% since the onset of the pandemic. As a result, Americans now believe they will need to save $1.46 million to retire comfortably, up from $1.27 million... READ MORE