Featured Jobs
401k & Defined Contribution Plan Consultant
Planned Retirement Consultant & Administrators, LLC (Remote / Ridgewood NJ)
Retirement Plan Service Representative
DeMars Pension Consulting Services, Inc. (Overland Park KS / MO)
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
102 Matching News Items
1.
DCIO Asset Managers Look for Ways to Retain Participant Assets Post-Retirement
Retirement Income Journal
May 1, 2024
Retirement Income Journal
May 1, 2024
"As the Boomer retirement wave rolls through the financial services environment, asset managers like BlackRock have trouble controlling their own destinies. They distribute target date funds through retirement plans, but they are DCIO companies. They don't administer plans or offer rollover IRAs to retirees from their plans (as Vanguard, Fidelity and TIAA do). They stand to lose assets when participants retire."
2.
Auto Workers' DC Plan Will Facilitate Participant Use of Online Annuity Platform
Retirement Income Journal
Apr. 3, 2024
Retirement Income Journal
Apr. 3, 2024
"In recent wage negotiations in Detroit, the United Auto Workers union couldn't persuade the big automakers to restore its members' defined benefit pensions.... But last fall's compensation agreement contained a consolation prize ... Union workers at General Motors and Stellantis ... in Detroit will have a direct internet link from their retirement plan platform to Hueler's online annuity platform, where they can use part of their savings to buy a guaranteed income stream."
3.
Of Athene, Pension Risk Transfers, and Fiduciaries
Retirement Income Journal
July 30, 2023
Retirement Income Journal
July 30, 2023
"Over the years, PRT deals have transferred $425 billion in assets and liabilities from corporate defined benefit plans to life/annuity companies, including about $250 billion since 2012 and an estimated $52 billion in 2022. Athene, MetLife and Prudential together accounted for about two-thirds of the 2022 PRT deal volume.... Athene has become a lightning rod because it has been the leader in disrupting, reinventing, and (depending on your point of view) either plundering or rescuing a weakened U.S. life/annuity business during the long low-interest-rate period after 2008."
4.
Here's What Retirement Looks Like in America in Six Charts
The Wall Street Journal; subscription may be required
Apr. 5, 2023
The Wall Street Journal; subscription may be required
Apr. 5, 2023
"Total household balances in retirement-type accounts for those 65 and up are $407,581 on average.... For 12% of men and 15% of women, Social Security comprises 90% or more of retirement income.... Households headed by people 65 or older spend an average of $7,030 a year on healthcare.... Older adults spent less time socializing, volunteering and attending religious services in 2021, compared with 2011.... People 65 to 74 have a median net worth of $266,400 and an average net worth of $1,217,700."
5.
How Much Can You Spend in Retirement? Small Adjustments Can Make a Big Difference
The Wall Street Journal; subscription may be required
Sept. 12, 2022
The Wall Street Journal; subscription may be required
Sept. 12, 2022
"[T]he assumptions of the typical retirement-income calculator -- people are in good health, don't want to make a bequest and will claim Social Security as soon as they retire, among others -- fit only 4% of people. That means it's mostly up to individuals to factor in their own preferences and needs as they think about their income stream from retirement savings.... [Here] are some questions to help them through that process."
6.
RIAs, 401(k)s, and Individual Annuities: Is This the Future?
Retirement Income Journal
Feb. 17, 2022
Retirement Income Journal
Feb. 17, 2022
"A number of life insurers want an opportunity to market individual annuities to 401(k) participants. Asset managers that currently sell mutual funds through 401(k) plans think that plan participants who buy annuities might keep the rest of their money in the plans indefinitely. There are some potentially misaligned interests here."
7.
It's Back: The Norcross-Walberg Bill to Make Annuities an Allowable 401(k) Default
Retirement Income Journal
Feb. 17, 2022
Retirement Income Journal
Feb. 17, 2022
"Any deferred annuity includes the option to convert the contract assets to a lifetime income stream. But only certain annuities are sold or used specifically for lifetime income. [The Lifetime Income For Employees Act (HR 6746)] doesn't appear to recognize that distinction. Also it remains to be seen whether plan sponsors will be comfortable defaulting their clients into an irrevocable or illiquid product."
8.
Pensionizing the 401(k) with Annuities
Retirement Income Journal
Feb. 10, 2022
Retirement Income Journal
Feb. 10, 2022
"Historically, workers couldn't set up guaranteed retirement income streams directly through their 401(k) accounts. But that's changing, and the annuity industry sees it as a big opportunity[.]"
9.
'Smart' Enters the U.S. PEP Market
Retirement Income Journal
Jan. 16, 2022
Retirement Income Journal
Jan. 16, 2022
"'Smart' is the recently-launched American branch of a British fintech with expertise in a kind of retirement savings plan that's called a 'master trust' in the UK and a 'pooled employer plan' or PEP in the U.S. [which] aims to reduce the often clunky process of accessing 401(k) savings in retirement to a few thumb strokes on a smartphone or key strokes on a laptop ... Historically, U.S. recordkeepers have performed this critical function reluctantly, inefficiently or not at all."
10.
More Plan Sponsors Want to Keep Retiree Accounts
Retirement Income Journal
June 24, 2021
Retirement Income Journal
June 24, 2021
"84% of 401(k) plans sponsors with more than $500 million in assets prefer to keep participant assets in-plan during retirement. The reason: Increased scale helps them negotiate better prices with asset managers and other providers. Another plus: Participants maintain access to institutionally priced investment products and services during their retirement years."
Your Search Options
- If you have selected the Any Word
radio button, above:
Enter a single word, or as many words as you'd like (perhaps some synonyms). An item will match if it contains any one of the words.
If you enter several words, the search engine will determine which words are the most important. So you can enter a question . Or you can paste an excerpt of several paragraphs from an article on another website to find similar news items on BenefitsLink.
- If you have selected the All Words
radio button, above:
Enter several words. An item will match only if it contains every one of the words.
- If you have selected the Advanced
radio button, above:
Certain words and punctuation take on special meanings —
- Quotation marks can be used to require an exact phrase, such as
"standard of review" - The words AND, OR and NOT become logic operators, which are
especially powerful when used with parentheses, such as
(vested OR vesting OR lifetime) AND (retiree OR retirement) AND (health OR healthcare) AND (benefits OR coverage)
- Quotation marks can be used to require an exact phrase, such as
© 2024 BenefitsLink.com, Inc.