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.
SEC Fines 11 More Firms for Recordkeeping Failures
Stifel and Invesco will each pay $35 million for “pervasive and longstanding use” related to failing to preserve employees’ off-channel communications
Empower Enters Equity Compensation Market with Acquisition of OptionTrax
Deal for digital equity plan administration platform and service provider aimed at helping employers access equity compensation services
China Raises Retirement Age for First Time Since 1950s
Retirement age will increase from 3 to 5 years by 2035 while years of pension contributions required will rise from 15 to 20 years
How a Lack of Benefit Education Curbs Employee Participation in 401(k)s
Report finds 73% of workers want more education on company benefits, but HR administrative burdens are getting in the way
SEC Fines Idaho RIA for Missteps Related to ‘Biblically Responsible Investing’ Strategy
$300,000 penalty levied as firm made investments contrary to its stated investment criteria
Most Advisors Talking Retirement Income with Participants: BlackRock
2024 Read on Retirement survey finds 81% are discussing strategies with clients
Less Than Half of Pre-Retirees Actively Saving for Retirement
New York Life Wealth Watch Survey finds half think they’ll end up retiring later than expected due to financial concerns
2025 401(k) Contribution Limits: Milliman Halves its Increase Prediction
Final forecast before official limits announced by IRS now predicted at $500 and $1,000 increases for individual and combined DC plan contributions
SEC Committee to Discuss Definition of ‘Fiduciary’ Thursday
Panel will seek to clarify who is required to serve in a client’s best interest for investors as courts keep new fiduciary rule from taking effect
Reflecting on ERISA: Industry Celebrates its Past with an Eye Toward its Future
Leaders tout landmark law’s impact and evolution while preparing for what’s next