A Pennsylvania maker of colored marshmallow ‘chicks’ wants to be the first company in a ‘closed MEP’ pension plan to stay in the plan but put all new hires in a 401(k). A $60 million withdrawal penalty is at stake. The U.S. Court of Appeals, Fourth Circuit, is hearing the case.
My 60-year-old friend went to a free retirement seminar and met an investment advisor who recommended that she move 60% of her savings into a fixed indexed annuity for income at age 70. What should she do? You decide.
The countries that benefit most from American military protection are the ones who hold the biggest share of their foreign reserves in US Treasuries, which may lower our borrowing costs, according to a new research paper.
TrimTabs says U.S. equity funds lost a net $63.3 billion in 1Q2018, the second-highest quarterly outflow on record, while global equity funds received a net $63.9 billion.
ASPERIA (formerly Group Health & Benefit Administrators, Inc.), will become part of Ascensus’ TPA Solutions division.
Yale is among more than a dozen universities to be sued over the past 30 months for allegedly failing to reduce the costs of their 401(k) plans and the fees charged to participants.
'The Missing Trust Fund'
You can blame your grandparents for Social Security's looming shortfall. The ghost of their unpaid contributions still haunts us--and will for decades to come.
LIMRA finds that six in 10 American workers with non-mortgage debt say paying down debt negatively impacts their efforts to save for retirement.
Sun Life Financial, Desjardins Financial Security Life Assurance Company, and Industrial Alliance Insurance and Financial Services Inc. (IAFS) will begin making benefit payments to the affected plan participants by July 2018.
InsurMark now identifies as itself as ADO, or Advisor Development Organization. The repositioning reflects an emphasis on 'helping advisor-clients optimize the value of their business.'