DEFINED CONTRIBUTION
Retirement plan service providers are betting that demand for ESG investments in plan menus is set to grow.
Hub International acquired retirement plan services provider 401(k) Advisors, adding 30 plan sponsor clients with $1.3 billion in assets.
The Department for Work and Pensions proposed asking defined contribution plans to "disclose and explain" policies on illiquid investment.
Goldman Sachs Asset Management has agreed to acquire managed account provider NextCapital Group.
A bipartisan pair of senators called on the Government Accountability Office to examine providing better protection for spouses in DC plans.
A survey found sponsors that view DC plans as important tools for retention and hiring have higher DC plan priorities than those that don't.
Plan sponsors and speakers at P&I's DC East conference in Orlando, Fla., sought clarity on top-of-mind concerns.
As sponsors add financial wellness services, they must make sure these programs are effective and well-used by participants.
Although sponsors stayed the course, some participants accelerated their trading.
Plan sponsors that want to help participants to save more for retirement might want to consider reframing the savings rate.
