To expand retirement access for nonprofit organizations and their employees, Ascensus has announced the launch of the “National Nonprofit 403(b) Pooled Employer Plan (PEP).” ...
Recent litigation has portrayed collective investment trusts (CITs) as “structurally opaque,” with “substantially fewer disclosure regulations” — but the Labor Department has just filed suit arguing ...
The two firms announced on Tuesday that they have entered into a definitive agreement for Empower to purchase Milliman’s retirement administration business in a transaction that is expected to close ...
President Trump on Monday announced in a social media post that he will nominate Keith Sonderling to be the next Secretary of Labor.
This is the time of year when you hear a lot of talk about the “unalienable” rights of “life, liberty, and the pursuit of happiness.” And while they weren’t written with retirement plans in mind — to ...
What, exactly, is a nonqualified deferred compensation plan? Simple. “It’s anything that’s not qualified,” Jeff Acheson bluntly stated, before adding that nonqualified plans allow pretax compensation ...
Welcome to week two of Summit topic voting, where you weigh in on the topics covered! The agenda for the NAPA 401(k) Summit is put together for advisors by advisors, and as always, we’ve teed up a ...
The SECURE Act introduced a third (somewhat overlapping) MEP structure: the pooled employer plan. PEPs are MEPs that meet specific requirements under ERISA, such as being operated by a registered ...
If you ever needed a lawsuit to highlight the frivolous nature of some ERISA litigation, a recent decision in a forfeiture reallocation suit certainly fits that bill.
As participants and plan sponsors seek better retirement outcomes, a new survey from the asset management firm shows growing demand for investment capabilities beyond traditional savings strategies, ...
Kent Peterson said the right engagement model is the key to wider adoption of retirement income products, one that (unsurprisingly) involves artificial intelligence.
CITs typically have lower investment fees than mutual funds and so tend to have better long-term returns. However, existing securities laws do not permit them to be used by 403(b) plan participants, ...