Defined Contribution

The White House Office of Management and Budget has concluded its review of the Department of Labor's new Retirement Security Rule, indicating that the controversial new rule will become final sometime this Spring.

The DOL's latest iteration, proposed in 2023 and soon to become final, will ensure that advisors prioritize their clients' best interests when recommending investments, prompting employers to make necessary adjustments.

The Police & Firemen's Retirement System of N.J. – the nation's largest police and fire pension plan – has finalized the transfer of assets from the N.J. Division of Investment, enabling the fund to manage investments independently.

Nine out of 10 women said they would be at least somewhat likely to roll over their money into an in-plan protected retirement solution if it was offered to them, according to a new Nationwide Retirement Institute study.

Starting with the knowledge of net worth and the ability to pay bills on time, to free financial coaching and a robust retirement plan, employers can lead their employees on a road to a positive financial life and a brighter future.

While the DOL continues to try to refine its fiduciary rule, with the latest iteration sent to the Office of Management and Budget for review last month, there are several best practices that protect plan sponsors as well as participants.

This latest student loan forgiveness debt relief proposal, which the Education Department has been working on to replace the one dashed by the Supreme Court last year, will likely be challenged in court as well.

Just 31% of Americans believe they are on track with retirement savings, and this only increases to 40% for those who are 60 or older, according to economist Kathryn Edwards on the National Institute on Retirement Security's webinar.