Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.
U.S. Fund Fees Steadily Declined in 2022
Morningstar finds the asset-weighted average expense ratio of U.S. funds fell from 0.40% in 2021 to 0.37% in 2022
ESOP Workers Report Higher Retirement Account Balances
Workers of employee stock ownership plans had a median account balance of $80,500, compared to $30,000 for the average 401(k) participant
TIAA Sued For MOVEit Cyber Hack
A former employee of TIAA said the company failed to protect victims' personally identifiable information
Non-Retired Americans Expect to Earn $5,000 Monthly in Retirement
Schroders surveyed Americans on their expected monthly income throughout their golden years, finding that the average said they will need $4,940 a month during retirement
Nuveen Extends TDF Platform with New Lifetime Income Series
The Nuveen Lifecycle Income Series is structured as a CIT and is only available to qualified retirement plans
Student Loans Preventing College Grads From Major Life Milestones
New Fidelity research finds two-thirds of recent college graduates say student loans prevent them from saving for retirement and getting married
Corporate Roundup: Mercer and Cetera Acquisitions, Ascensus Expansions
Mercer Advisors, Cetera, and Steward Partners announce acquisitions, and Ascensus grows NQDC sales team
American Airlines Pilot Cuts Fidelity and Financial Engines from ESG Suit
The plaintiff dismissed both parties from the suit, leaving American Airlines and its employee benefits committee on as defendants
Plan Sponsors Share Most Successful Retirement Savings Strategies
Among the most rewarding strategies included providing access to advice, visual aids, and automatic enrollment, found TIAA
Nearly Half of Investors Are Now Cautious of Their Investments
Despite reporting a more careful approach to investing, investors said their number one worry was not investing enough, found SoFi research