401(k)/IRA
The federal government's "myRA" program offers a portable Roth IRA to Americans with no other retirement plan at work. The first $15,000 in savings goes into U.S. Treasuries. Participants...
Financial Engines acquires The Mutual Fund Store
Financial Engines has been an innovator in the retirement income space. Its Income+ service “is designed to manage your investments to create payouts that can last into your...
TIPS for the Long Run?
Whether you'd prefer the new Dimensional Target Date Retirement Income Funds over one of the "big three" TDFs might depend on whether you share Robert Merton and Zvi Bodie's...
DFA’s Gerard O’Reilly Explains His Firm’s New TDFs
Dimensional Fund Advisors calls its new target date funds "Retirement Income" funds. How does DFA justify that ambitious title? O'Reilly, DFA's co-Chief Investment Officer and head of research, explains....
Women are better savers, but men save more: Vanguard
In its investigation of the “substantial imbalance” in wealth accumulation for men and women in Vanguard-administered retirement plans, Vanguard reviewed participation rates, savings rates and investment choices.
Shadow of ERISA hangs over state-run retirement plans
California, Illinois and Massachusetts have all enacted laws creating state-run defined contribution plans, but uncertainty that such plans might be subject to Department of Labor regulation is delaying implementation.
Fidelity partners with Envestnet on plan advisor platform
The new workstation which will provide advisory firms access to retirement plan data and service providers in one central location, will be accessible via single sign-on through Fidelity’s WealthCentral...
Sales of active funds to DC plans suffer as advisors seek lower fees
One-third of midtier consultants say they intend to increase DC plan placements of Large Cap US equity index funds, while only 14% plan to increase placements of similar actively...
Principal Adds ‘In-Plan’ Deferred Income Annuity Option
Participants in Principal Financial defined contribution plans will be able to buy deferred income annuities a little at a time or in a lump sum just before retirement.
Financial Engines offers call center support to rank-and-file participants
While participant interest in online advisory services is strong (60%), interest in services that included access to financial advisors is even stronger (68%), a new survey by Financial Engines...
Who says America doesn’t save for retirement?
Assets in individual retirement accounts (IRAs) totaled $7.6 trillion at the end of the second quarter of 2015, up 0.4% from the end of the first quarter. Story includes...
Envestment managed accounts to be offered in MassMutual 401(k)s
The service is called “RetireSmart Ready Managed Path.” The asset allocations use investment options already offered by the plan. The service is available to MassMutual plans with at least...
Guardian enhances 401(k) portal
A key enhancement is the Guardian IncomeConnect Calculator. If it detects a shortfall in projected savings, the calculator will suggest educational tools and resources to help the plan participant...
Time for Boomers to rebalance: Fidelity
Many older 401(k) account holders, including Baby Boomers close to retirement age, had stock allocations higher than those recommended for their age group, Fidelity found in an analysis of...
Lockheed Martin’s $62 million ERISA settlement approved
“The settlement is the largest ever for a case of this kind against a single employer,” said Thomas E. Clark Jr. of the Wagner Law Group.
Participants still not focused on income: Cerulli
Cerulli also asked asset managers, broker-dealers and insurance companies what income product they thought will appeal most to plan sponsors. Forty-one percent said “asset management-only” products.
DOL proposal could “revamp” advisor business practices: Fitch
Fitch analysts suggested in a new report that the DOL proposals “could curb the willingness of agents to promote complex and higher fee products to market,”...
A three-bucket blueprint for de-accumulation, from the U.K.
Britain's public-option defined contribution plan, NEST, thinks that a decumulation strategy that used tax-deferred savings to fund a small cash bucket, a big income-generating bucket and a longevity annuity...
OneAmerica buys BMO’s U.S. retirement business
According to NAPAnet, OneAmerica serves more than 11,000 plans in the mid-sized market and has over $30 billion in retirement assets under administration.
The Overlooked Income Vehicle, II
If more 401(k) plans offered systematic withdrawals, more money might stay in 401(k)s, and the DOL might not need to attempt the difficult and divisive task of policing rollover...