The Black Box of 401(k) Expenses

The experts--Louis Harvey of Dalbar, Mike Alfred of Brightscope, David Witz of PlanTools, Phil Chiricotti of CFDD, Jonathan Leidy, CFP, and Tussey v. ABB attorney Jerry Schlichter--talk about what the 401(k) fee disclosure rules will mean.

Examining the Indices in Index-Linked Annuities

A mountain biker needs 18 or 21 gears to smooth a path over rocks and through arroyos. Index-linked annuities now collectively offer some 140 index choices. Hybrid indices can theoretically smooth an investor’s path through rocky markets--but they're complicated.

The Point of Indexing (in Annuities)

Every June, RIJ focuses on indexed annuities. Last year, we studied options in indexed annuities. This year we consider the indexes themselves, especially 'hybrid' and 'volatility-controlled' indexes. Bryan Anderson, Don Dady and David Lau weighed in.

The Irony of Inflation Forecasting (Research Roundup)

In this month's roundup, we learn that CEOs pay little attention to inflation. We also find out why retirees keep saving, why "centaurs" pick stocks so well, which financial biases keep people poor, and how working longer affects male mortality.

How 401(k) Revenue-Sharing Works

This five-minute video from the Government Accountability Office explains the mechanics of revenue sharing between investment fund companies and 401k recordkeepers, a process that many 401k sponsors do not understand well.

Ernst & Young reports 1Q changes to VA contracts

Great West, Jackson National and Sun America introduced new VAs, while Allianz Life, MetLife and Ohio National introduced new living benefits, according to data from E&Y's Retirement Income Knowledge Bank.

CFDD seeks members for new custom TDF group

The 'Custom QDIA Association" intends to provide members with competitive intelligence, a website, data feeds, target date fund screens, performance reporting, enhanced CIT reporting and custom solutions workshops.

SoA weighs pension provisions in Senate bill

SOA researchers analyzed the bill, "MAP-21," from the perspective of three key principles of funding regulation: the transparency of plan funded status, the solvency of the system, and the stability and predictability of future contribution requirements.

The Bucket

Brief or late-breaking items from Towers Watson, CBOE Futures Exchange, Sharebuilder 401k, Prudential Financial,,, USAA, Mass Mutual Retirement Services and the Phoenix Companies.

“Quote” of the Week

“The whole disclosure bandwagon is insane. Collectively, 401(k) plan fees are not too high now and they have never been too high. These plans are by far the most cost effective way for the average person to save. They are the most successful savings vehicle in history. They are not a failure." -- Phil Chiricotti, president, Center for Due Diligence, in an email to RIJ.

Welcome to RIJAdvisor

On June 18, we launched our first edition of a new twice-monthly supplement to RIJ, RIJAdvisor. You can visit it by clicking the toggle button in the middle of the RIJ menu bar, and then toggle back again the same way. RIJAdvisor will provide "Information for Retirement Income Specialists."