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PLANADVISER 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 to reach this influential audience.
Clorox Wins 1st Round in 401(k) Plan Forfeiture Lawsuit
Nov 5, 2024 · A former Clorox Co. employee’s class action complaint over the company’s handling of forfeited 401(k) funds was mostly dismissed, with U.S. District Judge Yvonne Gonzalez Rogers ruling the breach claim under ERISA was “impermissibly broad” in a court document filed November 1.. Rogers gave the plaintiff, James McManus, until November 12 to file a revised complaint, asking for more ...
Bechtel Faces 401(k) Suit Over Default Managed Accounts
May 30, 2024 · The allegations are of note as managed account use in retirement plans is seeing growth as plan sponsors seek to offer more personalized investing and advice in workplace plans. Proponents have made the case that managed accounts provide relatively low-cost access to personalized investing and advice access, though they are more often offered as an option and not a qualified default investment ...
IRS Notice Clarifies SECURE 2.0 Automatic Enrollment, Tax Credits ...
Dec 28, 2023 · Updated with Corection The Internal Revenue Service issued an 81-page question-and-answer notice related to several provisions of the SECURE 2.0 Act of 2022, that became law almost exactly a year ago. The document is titled “Miscellaneous Changes Under the SECURE 2.0 Act of 2022.”
2024 PLANADVISER Retirement Plan Adviser of the Year
The 2024 PLANADVISER Retirement Plan Adviser of the Year finalists have demonstrated leadership and a commitment to excellence in serving retirement plan sponsors and participants and contributing to the retirement plan adviser industry.
Stout Joins Prime Capital as National Retirement Practice Leader
Nov 1, 2024 · Retirement plan adviser Jania Stout joined Prime Capital Financial Friday to lead its retirement and financial wellness divisions. Stout is now president of Prime Capital Retirement, recently rebranded from Qualified Plan Advisors, and Prime Capital Wellness, formerly Financial Fitness for Life. Stout will oversee the firm’s national …
Mariner Gets Capital Infusion From PE Firm Neuberger Berman
Oct 30, 2024 · Marty Bicknell will continue to lead Mariner as CEO and president, which, with affiliate Mariner Institutional Consulting LLC, has more than $245 billion in combined assets under management and advisement.Mariner acquired AndCo Consulting Inc. earlier this year, incorporating a team of about 100 people working on retirement plan advisement to build Mariner’s workforce to about 1,691 people ...
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IRS Increases 2025 401(k) Contribution Limit, Holds IRA Limit
Nov 1, 2024 · The IRS on Friday announced the annual contribution limits for qualified defined contribution plans and individual retirement accounts for the 2025 tax year.. The annual contribution limit for workers who participate in 401(k), 403(b) and most 457 plans, as well as the federal government’s Thrift Savings Plan, will be increased to $23,500, up from $23,000 in 2024.
Setting the Record Straight on CIT Governance, Regulation
Nov 4, 2024 · So, what’s driving CITs’ popularity? Regulatory Differences Can Lead to Lower Costs for CITs. Both mutual funds and CITs are usually “open-end” investment funds, meaning that new units of beneficial interest can be created when an investor buys into the fund, and those units are extinguished when they redeem out.