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.
401(k) Balances Up in 2023, But So Are Hardship Withdrawals, Loans
Bank of America's “Participant Pulse” survey reveals average plan balances have increased nearly 10% this year, but hardship distributions and loans are also on the rise
Most ERISA Excessive Fee Cases Surviving Motions to Dismiss
Mid-year analysis from Euclid Fiduciary finds plan sponsors only winning about 30% of dismissal motions—fewer than in 2022
Divide Doubles Between High, Low-Income Worker Retirement Account Balances
GAO report says lawmakers concerned current tax incentives heavily favor wealthy savers after report finds gap in account balances more than doubled from 2007-2019
Freedom Fiduciaries Launches Pooled Employer Plan
Boise-based provider of retirement plan consulting collaborates with Finway Group and Empower to introduce PEP designed to streamline administrative challenges
Trio of TSP Funds Up Over 15% in 2023
Stock market’s continued momentum in July helps the federal government Thrift Savings Plan’s C Fund rise 20.62% through the first seven months of the year
401(k) a ‘Must-Have’ Benefit for Job Seekers: Schwab Study
3 in 4 would refuse a new job it doesn’t come with a defined contribution retirement plan, wide-ranging Charles Schwab survey finds
401(k) Contribution Cutbacks Likely When Student Loan Payment Pause Ends
New Empower research finds 4 in 10 borrowers consider curtailing retirement contributions to help pay off student loans
5 Surprises Top Bankrate’s Best States for Retirement 2023
Affordability helps these states edge traditional retirement havens while California, New York lag near bottom of new rankings
With Eye on IRAs, Vanguard Expands Relationship with Retirement Clearinghouse
Agreement will help reconnect IRA accountholders with lost retirement funds
First 403(b) Pooled Employer Plan Launches Post SECURE 2.0
The Platinum 401k brings the first 403(b) program to the market after SECURE 2.0 permits the nonprofit plans to maintain a PEP, with Voya as recordkeeper and LeafHouse Financial as 3(38) investment manager