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WEBPLANADVISER is the trusted information and solutions resource for America's retirement benefits decision makers. With its powerful array of customer-driven marketing programs, PLANADVISER offers industry providers an unparalleled ability …
Unpacking New Use of 529s to Invest in Roth IRAs - PLANADVISER
WEBAug 23, 2024 · It also may provide piece of mind for a growing tax-deferred savings vehicle: according to findings earlier this year from ISS Market Intelligence, which, like PLANADVISER, is owned by ISS STOXX, 529 assets grew 5.7% in the first quarter of 2024 and 15.6% over the past year. Account balances also, on …
DOL Recommends Reopening Retirees’ Lawsuit Against IBM
WEBAug 30, 2024 · The Department of Labor is urging the U.S. 2nd Circuit Court of Appeals to reopen a lawsuit filed against IBM Corp. and its plan administrator committee in June 2022. The technology company was accused by three long-time IBM employees of using outdated mortality tables and inflated interest rate assumptions to determine the value of annuity ...
Protecting Elderly Clients From Financial Abuse | PLANADVISER
WEBSep 15, 2021 · Kryger’s experience reflects a nationwide trend that financial advisers and plan advisers are increasingly seeing. An analysis by the Consumer Financial Protection Bureau found that financial institutions reported $6 billion in losses or attempted losses due to suspicious activity on seniors’ accounts from 2013 to 2017, the most recent period for which figures are available.
Most Claims Move Forward in Suit Over Aon CITs in 401(k) Plan
WEBSep 20, 2021 · Rebecca Moore. A federal judge has denied motions to dismiss a lawsuit alleging fiduciaries of the Centerra Group 401 (k) plan violated the Employee Retirement Income Security Act (ERISA) by selecting poorly performing collective investment trusts (CITs) for the plan and allowing for excessive recordkeeping fees.
Pensionmark is Now World Investment Advisors - PLANADVISER
WEBJul 10, 2024 · Pensionmark Financial Group, a retirement plan and financial advisory firm and division of World Insurance Associates LLC, announced Wednesday that it has rebranded to World Investment Advisors LLC.. The name enhances alignment with the parent company and better represents the firm’s holistic financial services platform for independent financial advisers, according to a statement from the ...
IRS Notice Clarifies SECURE 2.0 Automatic Enrollment, Tax Credits ...
WEBDec 28, 2023 · Section 101 of SECURE 2.0 requires defined contribution plans that are created after the law was enacted on December 29, 2022 to have automatic enrollment and deferral features starting on January 1, 2025. Specifically, plans must enroll participants at contribution levels of between 3% and 10% of salary …
JP Morgan Launches TDF With Guaranteed Income Annuity
WEBAug 15, 2024 · J.P. Morgan Asset Management announced on Thursday a retirement income investment leveraging a target-date fund with a guaranteed annuity payout in retirement. The firm’s SmartRetirement Lifetime Income TDF is designed to provide a stream of income payments in retirement through annuities from participating insurance companies, according to ...
The ABCs of Special Situations Funds - PLANADVISER
WEBSep 15, 2015 · Braitberg says special situations funds share several characteristics. First, there are alignments of interest that exist between the fund’s general partners and the investors. “First and foremost,” he says, “the special situations fund is primarily created for the general partners. They see a great investment opportunity for the ...
State 401(k) Mandates May Cause ‘Crowd-In’ Effect, Boosting …
WEBAug 22, 2024 · State retirement plan mandates that offer state-facilitated auto-IRAs may be creating a “crowd-in” effect causing more small employers to offer private market 401(k) plans to their employees, according to a recent paper released by the National Bureau of Economic Research.. By analyzing tax information from employers in four states with mandated retirement plans via automatic individual ...