Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
Social Security Benefits Lose 40% of Buying Power Since 2000; Latest 2023 COLA Estimate Drops
Slight tempering of inflation reported in today’s new Consumer Price Index data results in a slightly lower estimate for next year’s cost of living adjustment
‘Nuveen Retirement Investing’ Launched for Higher-Ed, Other Not-for-Profits
New client business channel doubles size of business focused on lifetime income
The Dramatic Rise in Excessive 401k Fee Litigation—And Who’s Fighting It
After an unsatisfying Supreme Court decision for retirement plan fiduciaries in Hughes v. Northwestern, the U.S. Chamber of Commerce continues to fight the explosion of cases in a “cottage industry” with a unique strategy meant to get cases dismissed before they get to summary judgments or settlements. Here's an in-depth look at the issue
Sens. Warren, Smith Question Fidelity Bitcoin-in-401k Plan
Elizabeth Warren (D-MA) and Tina Smith (D-MN) send letter to Fidelity CEO demanding answers about the recently announced plan, particularly in light of DOL’s March cryptocurrency warning
Pandemic Made Benefits a Top Priority of Small Biz Owners
More than one in four in new Lincoln Financial Group survey say they are adding 401k matching contributions, a financial wellness program and/or a retirement account in wake of COVID-19 workplace upheaval
Small Employers Curious About PEPs; Not Yet Ready to Implement
New research from the Secure Retirement Institute finds more than half of small employers are interested in learning more about pooled employers plans
Younger 401(k) Participants Really Like TDFs, New Study Finds
Joint ICI and EBRI research shows recently hired 401k participants more likely to invest in target date funds
Inflation Sparks Big Jump in 2023 HSA Contribution Limits
IRS releases next year’s health savings account contribution limits, showing a roughly 5.5% increase over 2022 limits
Lacking Faith in Social Security, Americans Want to Diversify Retirement Accounts
New study finds a lack of trust in Social Security is the leading motivator for having retirement accounts
Average 401(k) Balances at T. Rowe Price Rose 8% in 2021
Release of annual 401k benchmarking data shows participants are continuing positive retirement savings behavior in the aftermath of the global pandemic