That's one year earlier than the trustees' report estimated last year; the report projects that 80% of benefits would be payable at that time.
Each of the measures failed to get enacted in the previous Congress. The tax bill starts off with just GOP support, while the other two come out of the gate with bipartisan backing.
At the end of last year, approximately $104 billion was saved in 35.5 million health savings accounts, a year-over-year increase of 6% for assets and 9% for accounts, a Devenir survey shows.
The investment manager said Retiree’s software will bolster its existing capabilities to create a more comprehensive suite of retirement income solutions.
Internal lawyers attended plan committee meetings at 49% of companies in 2022, up from 11% in 2017, and external counsel attended meetings at 36%, up from 21%.
While stock and bond allocations hurt the performance of TDFs last year, fees declined and assets flowed to collective investment trusts, Morningstar found.
The legislation provides new credits and incentives that cover a significant portion of the cost of setting up a retirement plan, while also providing access to new 401(k) solutions.
Finra arbitrators ruled on the estate's claim that Morgan Stanley ignored rules laid out by a court for how funds in the estate were to be handled.
Once approved by the court, it is expected to benefit more than 64,000 people covered by the Coca-Cola retirement plan since February 2015.
Marder succeeds Lori Lucas, who retired at the end of 2022 after joining EBRI as president and CEO.
James Andrus had been at the pension system since 2014 and most recently served as its interim managing investment director for sustainable investing.
Park will lead the company's US retirement plan and record-keeping unit, overseeing all aspects of the business.
Companies are also likely to add financial wellness benefits, such as emergency savings funds, over the next few years, according to experts polled by Transamerica.
A Fidelity survey produces a retirement score of 78 in 2022, down from 83 in the previous survey in 2020.
J.P. Morgan’s experts advise those in retirement to set aside three to six months of income to prepare themselves for major life, health or financial surprises.
The firm, which is on a crusade against the use of ESG factors in investing, announced that it's launching a pooled employer plan.
Greenville-based Goldfinch Wealth Management will be Mariner’s first office in the state.
Sen. Elizabeth Warren, D-Mass., and three colleagues urge Treasury Secretary Janet Yellen to curb the use of grantor retained annuity trusts in the name of tax fairness.
The measure would have rescinded the DOL rule allowing retirement plans to consider environmental, social and governance issues in their investment decisions.
The InvestmentNews staff plans to ask policy and financial experts in the coming months about their vision for the future of Social Security in the 21st century.
