Fiducient Advisors, an affiliate of NFP, an Aon company, announced that Mike Goss will take over as President of the firm, following the forthcoming retirement of Mark Wetzel. Wetzel has served as the company’s Managing Partner and President since 2006 and is retiring effective May 3. Goss will... READ MORE

Are you confident about your retirement finances? Apparently, and despite responses that undermine a rational level of confidence, many are. Last week, the Employee Benefit Research Institute (EBRI) and Greenwald Research unveiled their 34th annual Retirement Confidence Survey (RCS). Now, I’ve... READ MORE

Overall, private-sector employees are more than four times as likely to have access to a defined contribution plan than a defined benefit plan, according to the U.S. Bureau of Labor Statistics (BLS). The BLS in “TED: The Economics Daily” reports that in its most recent National Compensation Survey... READ MORE

While sympathizing with the participant-plaintiffs in the case, a federal judge finds no obligation to use “reasonable” life expectancy and interest rates in a pension calculation conversion. Plaintiffs Thomas Reichert, Stuart Buck, and Kenneth Henrich (on behalf of themselves and others similarly... READ MORE

After having managed to fend off some, but not all, claims in an excessive fee suit, plan fiduciaries have struck a deal with the participant-plaintiffs that had challenged the plan’s use of Prudential’s GoalMaker offering. The suit began in October 2021 when plaintiffs Jeffrey Parker, Donald B.... READ MORE

Professional services firm Aon announced April 25 that it has completed its acquisition of NFP, expanding the firm’s presence in the large and fast-growing middle-market segment. The deal comprises funds affiliated with NFP's main capital sponsor, private-equity firm Madison Dearborn Partners (MDP... READ MORE

Alera Group is on a tear. In late March, the Illinois-based independent insurance and financial services firm launched a small market retirement plan solution with Vestwell and Franklin Templeton for employers with fewer than 100 employees—the goal is to bring "large-plan services [to]... READ MORE

The right mix for retirement funding doesn’t necessarily mean million-dollar portfolios, but should include advice that allows “chunky spending,” addresses employment outlook, avoids unpleasant retirement surprises, and analyzes living arrangements, a new report suggests.   In fact, it looks as if... READ MORE

After plunging to levels not seen since the so-called Great Recession, a new survey picked up on a burst of optimism in retirement confidence. And the picture of retirement FROM retirement looks pretty good. In fact, two-thirds (68%) of the workers and three-fourths (74%) of retirees surveyed were... READ MORE

Betterment has entered into an agreement with Goldman Sachs to acquire the digital investment accounts of the investment bank's Marcus Invest, as announced on Monday. Betterment will integrate Marcus Invest's accounts into its operations. The company currently manages over $45 billion in assets and... READ MORE

It’s said that if at first you don’t succeed, try, try again—but if you’re suing in federal court, you had better make your case. The suit in question this time—which was last decided in favor of the fiduciary defendants almost exactly a year ago—had alleged that the Georgetown University 403(b)... READ MORE

On Tuesday afternoon, the Department of Labor (DOL) released its final Retirement Security Rule—also called the Fiduciary Rule—that it said will “protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings... READ MORE