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.
401(k), HSA Account Balances Grow in Q2: Bank of America
The average 401(k) contribution rate held steady at 6.5%
Bipartisan Bill to Widen Savings Access for Young Employees
A new bill introduced by Rep. Brittany Pettersen would revise ERISA to expand retirement savings access for workers 18 to 21 years old
Americans Expect Inheritance to Fund Portion of Retirement
However, respondents to a Northwestern Mutual survey still expect their 401(k) or retirement account to fund most of their retirement
Student Loan Startup Summer Acquires Vault
As a result, Summer will acquire several of Vault’s assets, intellectual property, and select client contracts
Parents Prioritize College Savings Despite Shortfall
Sixty-seven percent of parents expect to pay at least some of their children's higher education, yet only 30% are on track to hit that goal, finds Fidelity
Selecting Right Investments, Budgeting for Retirement Among Top Financial Tasks
The data from Hearts & Wallets found that 60% of U.S. households sought professional advice for at least one financial task in 2024
Commonwealth Financial Acquires Sentinel Advisory Group
The $300M firm provides “hands-on” support through retirement for clients
Pacific Life and Franklin Templeton Partner on Guaranteed Income
The new option will be structured within collective investment trusts
ERISA Attorneys Outline Next Steps, Actions Item After DOL Fiduciary Rule Stays
ERISA attorneys give their predictions for DOL next steps and action items for industry professionals and plan sponsors
Corporate Roundup: MissionSquare Names CEO, Sequoia Financial Acquires Wealth Manager
The latest industry news from MissionSquare Retirement, Sequoia Financial, Prime Capital, and eMoney Advisor