PLANADVISER - The trusted information and solutions resource for ...
PLANADVISER is the trusted information and solutions resource for America's retirement benefits decision makers. With its powerful array of customer-driven marketing programs, PLANADVISER offers industry providers an unparalleled ability to reach this influential audience.
DOL Updates Guidance on Audit Independence Rules
Sep 2, 2022 · The U.S. Department of Labor has issued new guidance for retirement plan fiduciaries, technically referred to as Interpretive Bulletin 2022-01, that addresses the rules about audit independence that apply to retirement plans governed by the Employee Retirement Income Security Act. Want the latest retirement plan adviser news and insights?
Cetera to Acquire $16B RIA From Insurer | PLANADVISER
Oct 9, 2024 · The deal marks the fourth insurance-owned broker/dealer Cetera has acquired in the last five years, according to the firm. That includes a 2023 deal to bring on 1,000 financial professionals from Securian Financial Group Inc. and a 2021 acquisition of Voya Financial Advisors’ independent financial planning business.
IRS Notice Clarifies SECURE 2.0 Automatic Enrollment, Tax Credits ...
Dec 28, 2023 · Section 101 of SECURE 2.0 requires defined contribution plans that are created after the law was enacted on December 29, 2022 to have automatic enrollment and deferral features starting on January 1, 2025. Specifically, plans must enroll participants at contribution levels of between 3% and 10% of salary and escalate by 1 percentage point a ...
Great-West Rebrands Retirement Businesses as Empower
Oct 30, 2014 · Mar 20, 2014 – Great-West Lifeco Inc. announced plans to combine the retirement businesses of Putnam Investments and Great-West Financial. Apr 03, 2014 – Great-West reached an agreement to acquire the J.P. Morgan Retirement Plan Services ’ large-market recordkeeping business, which has $167 billion in plan assets across 200 plan sponsor ...
401 (k) Traders Shifting to Fixed Income - PLANADVISER
Oct 8, 2024 · A strong streak of equity investing among 401 (k) investors has cooled, as of the end of September, according to data from the Alight 401 (k) Index released Monday. After four months of steady growth toward equity allocations in retirement plans, Alight saw a decrease in focus to 72.2% in September from 72.9% of investment in August.
Wilmington Trust’s Spun-Off CIT Division Is Now Great Gray Trust
May 1, 2023 · The Great Gray Trust Co. will continue to offer the same CIT product and service offerings to advisers and plan sponsors after Wilmington Trust parent M&T Bank Corp. announced the sale of the division in December 2022. “I am excited to announce that in the coming days the team you know now as Wilmington Trust will officially provide CIT solutions to you as Great Gray Trust Company,” Rob ...
Collective Investment Trusts Versus Mutual Funds - PLANADVISER
Feb 8, 2017 · Collective investment trust (CIT) products can cost 10 to 30 basis points less than mutual funds with similar features, according to a DST white paper, “Collective Investment Trusts—A Perfect Storm.”. And even a half-a-point or two-point cost reduction can be reason enough for a plan sponsor to switch from a mutual fund to a CIT, according to DST.
2022 PLANADVISER Top Retirement Plan Advisers
The 2022 PLANADVISER Top Retirement Plan Advisers listing is here! PLANADVISER is pleased to reveal the revamped PLANADVISER Top Retirement Plan Advisers listing, the next iteration of our longstanding Top 100 program. For many years, this designation had been awarded to the top 100 retirement plan advisers and teams based on quantitative ...
Managed Accounts, By the Numbers - PLANADVISER
Feb 1, 2024 · Cerulli Associates, which tracks the account assets managed by the top nine DC providers, shows a market of $434.57 billion, as of the second quarter of 2023. As a comparison, the top 10 target-date funds in DC plans accounted for $1.74 trillion in assets at the end of 2023, according to Simfund, which, like PLANADVISER, is owned by ISS STOXX.