News
In Race to Bring Private Assets to 401(k)s, Industry Sees Promise, Peril
4+ week, 13+ hour ago (1156+ words) As the push for alternatives continues, much is left to be worked out, experts say. The push to bring private-market investments into U. S. 401(k) plans is no longer a theoretical debate. It is becoming a design problem. "On some level, private markets…...
Retirement Industry People Moves
4+ week, 10+ hour ago (457+ words) Group Management Services appoints chief revenue officer; former Citi executive joins Reinsurance Group of America's board of directors; and CFP Board appoints chief of staff. Group Management Services Appoints Chief Revenue Officer Group Management Services Inc. , appointed Beth Harhai as…...
Are Distributions of Rollovers to a 403(b) Plan Subject to Penalty, if the Rule of 55 Exception Applies?
1+ mon, 21+ hour ago (160+ words) Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations. Kimberly Boberg, Kelly Geloneck, Emily Gerard and David Levine, with Groom Law Group, and Michael A. Webb, senior financial adviser at CAPTRUST, answer: Thus, it would…...
Demographic Shift to Spark Major Wealth Transfer and Retirement Changes
1+ mon, 5+ day ago (377+ words) State Street and Mc Kinsey research highlights how an aging population will reshape retirement finances in the coming years. The U. S. faces a major demographic shift poised to transform retirement and financial advisory services. By 2040, 22% of the population will be at…...
Younger Generations Eye Unconventional Asset Classes
1+ mon, 6+ day ago (1045+ words) 8 in 10 Gen Z Northwestern Mutual survey respondents said they are considering high-risk assets because they feel financially behind on their long-term financial goals. Savers from younger generations are increasingly experimenting with heretofore unconventional investment avenues as they try to make…...
How Can a Plan Utilize the Roth In-Plan Rollover Correction Method?
1+ mon, 1+ week ago (460+ words) Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations. Q: My plan does not allow for Roth in-plan rollovers, but we are interested in using the Roth in-plan rollover correction method. I read the Expert's…...
401(k) Trading Remains Light Through February, Early March
1+ mon, 1+ week ago (197+ words) Despite the global conflict in Iran, the trading tone "feels cautious and watchful, not reactive," per Alight"s Rob Austin. Retirement investors" trading activity in their 401(k) accounts remained light in February, making few changes to their long-term allocations, Alight Solutions…...
Rise in Hardship Withdrawals Behind Increase in Retirement Plan "Leakage
1+ mon, 1+ week ago (456+ words) New data show participants turning to 401(k) plans when in need of money for unexpected expenses. An increasing number of participants are making hardship withdrawals from their defined contribution plans when they for face unexpected expenses, according to recent data from…...
Judge Allows ERISA Suit Over Discount Tire Retirement Plan Investments to Continue
1+ mon, 1+ week ago (213+ words) A federal judge in Arizona has refused to dismiss a proposed class action'lawsuit'accusing Discount Tire's parent company and its board of breaching their fiduciary duties under federal retirement law by offering allegedly'underperforming'investment options in the company's employee retirement plan.' Nearly…...
NCPERS Names Public Pension Communicators of the Year
1+ mon, 1+ week ago (259+ words) The awards honor public pension fund staff members who excelled in 2025. The National Conference on Public Employee Retirement Systems honored five public pension fund staff members with awards recognizing exceptional communications and member services work they performed last year. The…...