magazine - PLANADVISER
WEBJust the Facts. Boomers Hold Half of the Nation’s Wealth Annuity Sales In the first 9 months of 2023, total annuity sales increased 21% to $270.6 billion.Source: LIMRA, U.S. Individual Annuity... Just the facts.
PLANADVISER - The trusted information and solutions resource for ...
WEBPLANADVISER 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 …
DOL Updates Guidance on Audit Independence Rules
WEBSep 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?
Unpacking New Use of 529s to Invest in Roth IRAs - PLANADVISER
WEBAug 23, 2024 — It also may provide piece of mind for a growing tax-deferred savings vehicle: according to findings earlier this year from ISS Market Intelligence, which, like PLANADVISER, is owned by ISS STOXX, 529 assets grew 5.7% in the first quarter of 2024 and 15.6% over the past year. Account balances also, on …
A Mere 16% of Fortune 500 Companies Offer a DB Plan
WEBMar 2, 2018 — In a new report, “Retirement Offerings in the Fortune 500: A Retrospective,” Willis Towers Watson reveals that among these companies, only 16% offered a defined benefit (DB) plan to new hires in 2017, down from 59% in 1998. Nonetheless, 51% of Fortune 500 companies still employ workers who are actively accruing pension benefits, and 93% of those that sponsored a pension in 1998 still ...
IRS Summarizes Retirement Plan Hardship Withdrawal Rules
WEBNov 2, 2021 — The rules for participant hardship withdrawals from 401 (k) and 403 (b) plans have changed since the passage of the Bipartisan Budget Act of 2018 and subsequent IRS regulations, and the agency has updated its “Issue Snapshot – Hardship Distributions from 401 (k) Plans” to reflect those changes. The bill called for the secretary of the ...
Competitors PCS and Aspire Combine in Latest Recordkeeper …
WEBAug 6, 2019 — The question of how recordkeeping industry consolidation has impacted the daily work of retirement plan advisers has remained top of mind since Principal’s acquisition of Wells Fargo Retirement and Trust—a deal ranking among the largest recordkeeping industry M&A transactions on record.. Even before the Principal-Wells Fargo deal grabbed headlines, the topic of recordkeeper M&A activity ...
SECURE Act Update: Revisions to Model Rollover Notices
WEBFeb 7, 2020 — Under the laws governing tax-qualified retirement plans, the 402 (f) notice is required to be given to participants to help them understand their rollover options. Passed late last year, the SECURE Act made a number of changes to federal tax laws that affect the information on the 402 (f) notice. “We were strong supporters of the SECURE Act ...
OneDigital Acquires Huntington Bank’s $5.6B Retirement Advisory ...
WEBApr 11, 2023 — OneDigital Investment Advisors LLC, a division of Atlanta-based OneDigital, has added to its growing roster of advisers by acquiring Huntington National Bank’s 401(k) advisory and retirement plan servicing business, the firms announced Tuesday. The deal, which closed on March 31, brings Huntington’s 1,300 workplace savings plan employees and $5.6 billion in assets under management into ...
The ABCs of Special Situations Funds - PLANADVISER
WEBSep 15, 2015 — Braitberg says special situations funds share several characteristics. First, there are alignments of interest that exist between the fund’s general partners and the investors. “First and foremost,” he says, “the special situations fund is primarily created for the general partners. They see a great investment opportunity for the ...