Profit sharing
There's optimism among providers of in-plan lifetime income products that 2022 could be the year their efforts gain traction in the defined contribution arena.
Revenue sharing is declining among DC plans due to a push for lower fees plus the risk of lawsuits and higher insurance costs.
A court rejected a supermarket chain's petition to dismiss an ERISA complaint filed by a former participant in its profit-sharing plan.
Investors poured $23 billion into actively managed bond funds in January while moving about $24 billion out of active U.S. equity funds.
ESOPs provide owners and stockholders of private companies with advantages when making the transition to successor owners, creating a market for the stock while also providing tax and liquidity advantages.
In its annual defined contribution plan survey, Callan found that 38.5% of those surveyed offer their own stock to plan participants.
SH Group Inc., New York, hired Fidelity Investments as record keeper of its profit sharing and 401(k) plan.
WD-40 Co. hired Empower Retirement as record keeper of its profit sharing/401(k) plan.
