The deal announced Thursday will add about $6 billion in assets across 71 retirement plans to Atlanta-based OneDigital Investment Advisors’ business.
The legislation would bump up the annual contribution limit, taking it from the current maximum of $13,500 to $16,500. Sens. Susan Collins and Mark Warner note the proposed increase is the midpoint between SIMPLE plans and traditional 401(k)s.
While it's simple to choose annuity providers based on price and payout rates, those costs and rates can change frequently, so the best options today might not be as good in several years, a new report concludes.
The timing of those questions, such as 'are you a fiduciary?' is not great for advisers relying on the DOL’s temporary enforcement policy until Dec. 20, the compliance deadline for the new rules, one lawyer said.
The results of a recent experiment show people saved more, spent less and felt more secure financially while saving as a group, according to the nonprofit Commonwealth.
Last year, there was a 27% uptick in the number of cases advisers working with the Foundation for Financial Planning reported.
Plaintiffs alleged that IBM failed in its fiduciary duty to participants by not protecting them from stock losses that resulted from an unprofitable chip manufacturing unit.
Recently, Nebraska, Idaho and North Dakota passed rules matching NAIC’s standard, joining other states on the roster: Arkansas, Arizona, Delaware, Iowa, Michigan and Rhode Island.
People who self-directed their investments shifted to more conservative allocations, with an average decrease in equities by 17 percentage points during the first quarter of 2020.
The invested money reached $23.8 billion at the end of 2020, up more than 51% from the $15.7 billion seen at the end of 2019, according to a report Monday from HSA research and consulting firm Devenir.
