The defendants did not appear to solicit competitive bids for record-keeping services and allowed funds with high revenue-sharing to compensate service providers, according to the complaint.
Employees of select large client plans can use an array of tools and speak with an adviser.
There are three major trends that could make the small and micro DC markets more attractive to retirement plan advisers.
While the provision helps level the playing field, prominent industry observers, like Michael Kitces, worry the benefit is too narrow. Investment Adviser Association, and other groups, are pushing for a broader tax deduction.
The firm is buying Austin, Texas-based Trusted Capital Group, which has about 750,000 plan participants in its book of business.
Financial preparedness is only a piece of the equation; clients must understand the impact retirement will have on every part of their lives.
The defendants succeeded in getting the case dismissed in 2018 at the district court level, a decision that was upheld by an appellate court in March 2020.
2021 is the last year your clients can use their retirement funds for unlimited charitable giving as a result of provisions in recent tax laws.
The deal to buy Arizona- and Southern California-based MJM401k adds 100 retirement plans and eight employees to SageView.
Sens. Patrick Toomey, R-Pa., and Ron Johnson, R-Wisc., say proxy votes by BlackRock and State Street Global Advisors promote 'left-leaning' ESG priorities over investment returns
The DOL could issue guidance “to ensure that plan participants and beneficiaries with access to a brokerage window are adequately informed and protected under ERISA."
The 529 market can be more difficult to break into than the 401(k) world, which has an abundance of small plans that can be eager to hire fintech providers. States hiring 529 managers aren't likely to consider firms that don’t have track records.
Starting in 2022, the Thrift Savings Plan will offer a new mutual fund window that will include ESG funds.
There will be vast differences, but the fundamentals of the business will be the same, as will the importance of strong relationships and brands.
A lobbying group for PE firms is rolling out ads targeting 25 members of Congress to try to protect the carried interest tax break.
71% of American adults worry that the program will run out of money during their lifetime and 19% say the pandemic has affected their plans to file for Social Security benefits, according to a Nationwide survey.
Virginia, Maine and Alabama recently adopted rules tracking the model ‘best interest’ measure approved in 2020 by the National Association of Insurance Commissioners.
So far, about 100 advisers, including those from 11 of the 15 biggest aggregator firms, have used the service, which recently began including quotes for pooled employer plans.
The insurer will also pursue sales of blocks of those assets that are already in force. It said that it will continue selling variable annuities.
Technical provisions in the administration's tax proposals could disrupt dynasty trusts and intentionally defective grantor trusts, two ways that super wealthy people have legally avoided taxes for decades.
