PLANADVISER - The trusted information and solutions resource for ...
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.
Cetera to Acquire $16B RIA From Insurer | PLANADVISER
Oct 9, 2024 · The deal marks the fourth insurance-owned broker/dealer Cetera has acquired in the last five years, according to the firm. That includes a 2023 deal to bring on 1,000 financial professionals from Securian Financial Group Inc. and a 2021 acquisition of Voya Financial Advisors’ independent financial planning business.
IRS Notice Clarifies SECURE 2.0 Automatic Enrollment, Tax Credits ...
Dec 28, 2023 · Section 101 of SECURE 2.0 requires defined contribution plans that are created after the law was enacted on December 29, 2022 to have automatic enrollment and deferral features starting on January 1, 2025. Specifically, plans must enroll participants at contribution levels of between 3% and 10% of salary and escalate by 1 percentage point a ...
Court Clears ‘Actuarial Equivalence’ Lawsuit for Discovery
Aug 7, 2020 · Nonetheless, the court observes, ERISA Section 1054 (c) (3) still requires an early retirement benefit to be the “actuarial equivalent” of the normal retirement benefit under a plan. “ERISA Section 1054 (c) (3) does require that the two benefit forms be ‘actuarial equivalents.’. That term must mean something,” the new ruling states.
Product & Service Launches – 10/10/24 | PLANADVISER
Oct 10, 2024 · Corebridge Financial Inc. announced the launch of Corebridge MarketLock Annuity—a registered index-linked annuity issued by its subsidiary, American General Life Insurance Co. With the new RILA, Corebridge has added to its suite of retirement solutions, which includes fixed annuities, index annuities, variable annuities and now RILAs.
401 (k) Traders Shifting to Fixed Income - PLANADVISER
Oct 8, 2024 · A strong streak of equity investing among 401 (k) investors has cooled, as of the end of September, according to data from the Alight 401 (k) Index released Monday. After four months of steady growth toward equity allocations in retirement plans, Alight saw a decrease in focus to 72.2% in September from 72.9% of investment in August.
Wilmington Trust's Spun-Off CIT Division Is Now Great Gray ...
May 1, 2023 · The Great Gray Trust Co. will continue to offer the same CIT product and service offerings to advisers and plan sponsors after Wilmington Trust parent M&T Bank Corp. announced the sale of the division in December 2022. “I am excited to announce that in the coming days the team you know now as Wilmington Trust will officially provide CIT solutions to you as Great Gray Trust Company,” Rob ...
Empower Launches My Total Retirement Planning and Advice …
Mar 13, 2018 · Employees in retirement plans that implement My Total Retirement will have access to a range of services through Empower Retirement Advisory Services provided by Advised Assets Group, LLC, a registered investment adviser. Advised Assets Group is a part of Great-West Investments, which has more than $100 billion under management or supervision.
Prudential, RGA Assume Verizon Pension Obligations of $5.9B
Mar 8, 2024 · Verizon Communications Inc. has transferred $5.9 billion in employee pension obligations through the purchase of single-premium group annuity contracts from Prudential Insurance Co. of America and RGA Reinsurance Co., according to a filing on March 6, when the plan sponsor closed the purchase of the contracts. The group annuities will provide benefits to 56,000 retirees who began receiving ...
Managed Accounts, By the Numbers - PLANADVISER
Feb 1, 2024 · Cerulli Associates, which tracks the account assets managed by the top nine DC providers, shows a market of $434.57 billion, as of the second quarter of 2023. As a comparison, the top 10 target-date funds in DC plans accounted for $1.74 trillion in assets at the end of 2023, according to Simfund, which, like PLANADVISER, is owned by ISS STOXX.