Executives at State Street Global Advisors, Transamerica, Securian, and Prudential discuss their strategies for developing multiple employer 401(k) plans for small companies and helping to close the 401(k) ‘coverage gap.’
The defined contribution retirement system may be about to become less employer-driven and more industry-driven. RIJ talks about it with DCIIA president and CEO Lew Minsky.
A non-partisan group of eleven academics, researchers and journalists, including RIJ's Kerry Pechter, promised to help Sen. Cory Booker and Sen. Todd Young convene a Retirement Security Commission.
To incentivize small employers to offer retirement savings plans to employees, Senators Susan Collins (R-ME) and Mark Warner (D-VA) have introduced the SIMPLE Plan Modernization Act (S.3197), which is also supported by AARP.
With the long end of the Treasury yield curve suppressed by demand for safe assets, the Fed is limited in how high it can raise short-term rates, writes the retirement plan and fiduciary advisor.
'As firms surpass $1 billion in assets, they reach a new phase in their business lifecycle,' said Kenton Shirk, a director at Cerulli, in a release.
Vanguard publishes 'How America Saves'; Milliman reports on rising pension funded ratios; Lincoln Financial adds financial wellness offering.