The products had net inflows of $23.9 billion, a significant increase from the $6.7 billion in outflows seen in 2020, according to a report from Morningstar.
Giant Virginia bank’s RIA arm will shed operations as well as assets.
Justin Green, founder of AssistFP, has learned that developing a niche is an evolutionary process.
Litigators this week brought class-action lawsuit claims against PPL Corp., Mass General Brigham and Milliman Inc. over their multibillion-dollar 401(k)s and 403(b)s.
Three-quarters fear new Covid variant could cause a recession.
The deal for Portfolio Evaluations of New Jersey is Captrust’s 54th acquisition since 2006.
Retirement plan consultant Gouldin & McCarthy is based in Basking Ridge, New Jersey.
When required minimum distributions begin, QCDs can reduce or eliminate the income tax on the RMD income — if the timing is right.
More than 650 employers in the state will be sent notices that they're not in compliance. Fines start at $250 per employee.
The fund giant says it also added $20 billion in defined-benefit assets last year.
Aggregators realize that in-plan retirement income solutions are needed, while CIOs understand that advisers need to be able to help participants navigate the myriad of benefits offered at work.
Less than a third of employers offer such services in some form, most often as it relates to retirement saving. And when the services are available, plan participants tend not to use them.
There were 3.3 million, or 7%, more retirees as of October 2021 than in January 2020, according to research by the St. Louis Federal Reserve.
The agreement is separate from a $6.6 million payment the company previously made and requires it to add a brokerage window to its plan.
Financial advisers could fill the void when it comes to clients' questions about when to claim benefits.
Taking into account costs incurred by both employers and workers, the expenses of a pension plan are about half that of an average 401(k), according to a report from the National Institute on Retirement Security.
Much of the proposed class-action case against Rollins Inc. points to investment guidance from an adviser to the plan who is not a defendant.
The deal represents the fourth such acquisition over a year for Newport Beach, California-based SageView, which last year sold a majority stake to Aquiline Capital Partners.
New York says insurer improperly engaged in pension risk transfer business.
A pending decision by the Supreme Court could change 401(k) fee lawsuits in a big way.
