Fidelity Investments is rolling out a new suite of tools and technology to help both employers and employees make better retirement planning decisions and achieve better outcomes.
The tool was developed to give fiduciaries a simple and cost-effective way to make sure that their 401(k) plans are being carried out in accordance with government regulations and guidelines.
Connecticut is one step closer to passing its Retirement for All CT bill or Senate Bill 249, which would create a public retirement option that would provide employers and workers with a low-risk alternative to plans offered by the insurance industry.
Seventy percent of those who outsource investment management say their decision was greeted positively by clients and in most cases has led to business growth.
When employees leave, plan sponsors face increased costs, risks and potential liability resulting from cash-outs, stranded accounts and missing participants.