Category Archives: Retirement Plans

Former employees of Swiss Re American Holding Corp. are suing the company and its recordkeeper, Empower, for breaching their fiduciary duties under the Employee Retirement Income Security Act (ERISA). The plaintiffs allege that they were charged excessive recordkeeping fees, faced … Continue reading →

Recordkeepers and Third Party Administrators (TPAs) need to either scale up or innovate. The trend of consolidation in the TPA industry makes it increasingly difficult to compete against larger firms. If you’re not in a position to acquire smaller competitors, … Continue reading →

According to Fidelity, Retirement account balances have reached all-time highs. At the end of 2024, the average balance in 401(k) plans was $132,300, and in 403(b)s, it was $119,300. The average overall contribution rates are also increasing, nearing Fidelity’s guideline … Continue reading →

In life, choice is usually a good thing. However, when it comes to daily valued 401(k) plans, too many choices aren’t a good thing. It sounds counter-intuitive, but too many choices offered to plan participants is usually a mistake. Offering … Continue reading →

Candidly, an AI-driven student debt and savings optimization platform issues a report on the effectiveness of their Student Loan Retirement Match program, which was allowed SECURE 2.0. The SECURE 2.0 provision that enabled employers to match employees’ student loan payments … Continue reading →

Daniel Aronowitz, president of Encore Fiduciary, was nominated by President Trump to become the next Assistant Secretary of Labor and lead the Employee Benefits Security Administration. Aronowitz has 30 years of experience in the professional liability industry as a coverage … Continue reading →

A federal judge in Amarillo, Texas, rejected arguments made by 26 attorneys general in Republican-led states challenging the legitimacy of the Biden Administration’s so-called ESG rule. The attorney generals had asked the court to reconsider its earlier decision to affirm … Continue reading →

Daniel Aronowitz, president of Encore Fiduciary, was nominated by President Trump to become the next Assistant Secretary of Labor and lead the Employee Benefits Security Administration. Aronowitz has 30 years of experience in the professional liability industry as a coverage … Continue reading →

Years ago, I was irritated when a person from my community was appointed to an elected position because of a vacancy. I never met the man, but I’m a little disgusted by him because of his past posts on Facebook. … Continue reading →

On whether to recommend Bitcoin and other digital assets for clients, financial advisers are wary about their fiduciary duty to clients, according to a CoinShares survey. 62% of 250 advisers in the survey think that recommending Bitcoin and digital assets … Continue reading →