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.
Corporate Roundup: ShareBuilder Offers 401k Safe Harbor, TIAA RetirePlus Passes Milestone
ShareBuilder reveals new 401(k) product, TIAA exceeds 250,000 participants on its RetirePlus product, and more
Vestwell Acquires Student Loan Benefits Provider
The deal will add new products to the Vestwell platform, including programs that manage and allocate funds to student debt, contribute to education savings accounts, and refinance student loans
GAO Asks DOL to Focus on 403(b) Plans
The report looks at improvements that Department of Labor could make in supporting ERISA and non-ERISA 403(b) plans
SEC Rule Requires Companies to Report Cyber Hacks Within 4 Days
The new rule adopted by the SEC requires all registrants to disclose nature, scope, timing and material impact of cyber hacks
Total Annuity Sales Jump 12% in Q2
Total annuity sales climbed to $88.6 billion in the second quarter of 2023 and increased 28% in the first half of the year
Biden Taps Martin O’Malley to Lead Social Security Administration
President Joe Biden has selected former Maryland Governor Martin O’Malley as next commissioner of the SSA
LPL Financial Acquires $6.5 Billion Broker-Dealer
LPL Financial will buy Crown Capital Strategies, a broker-dealer and RIA with 260 financial advisors
A Third of Workplace Savers Plan to Delay Retirement
BlackRock's Read on Retirement survey finds more participants are experiencing "financial burnout" due to economic concerns
Investors Expect Inflation to Normalize by End of Year
A quarterly survey by Morgan Stanley Wealth Management finds over half of investors believe inflation will reach normal levels by the end of 2023
More Americans Believe Their Financial Planning Needs An Upgrade
Latest findings from a Northwestern Mutual Planning & Progress Study shows 66% of Americans say their financial planning needs improvement