Under Notice 2022-33, the Internal Revenue Service (IRS) has extended the deadline for enacting amendments to qualified retirement plans and individual retirement accounts (IRAs) to reflect certain changes made by the The Retirement Enhancement Act of 2019 (SECURE Act), the Bipartisan American Miners Act of 2019 (Miners Act), and theRead More →

As the name suggests, a SIMPLE – short for Savings Incentive Match Plan for Employees – is a simplified type of qualified retirement plan available to the self-employed and other small business owners. This type of plan has proven popular with its close cousin, the Simplified Employee Retirement (SEP), dueRead More →

Former Orlando Pirates captain Happy Jele has revealed his retirement plan while detailing his multiple meetings with club chairman Irvin Khoza which ultimately led to the defender leaving the club. After weeks of discussion, Pirates and Jele, the oldest, parted ways, ending a 16-year relationship. Jele’s talks with club chairmanRead More →

Luis Mira. Last update: July 27, 2022 FalleN kisses Boltz after winning CSGO Major JTwo-time CS:GO Major champion Gabriel ‘FalleN’ Toledo has said he plans to retire as a player at the end of 2023. The 31-year-old Brazilian appeared July 26 on the “Monkey Business Show” podcast alongside OG founderRead More →

Who knew we could glean financial information from the World’s Strongest Man competition? If you’ve seen him recently, you know the winner was a 28-year-old Scot by the name of Tom Stoltman, all 6’8″ tall and 384 pounds. This year’s competition showed that if an 18-tonne bus blocks your entrance,Read More →

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, RepublicRead More →

Washington University in St. Louis has agreed to pay $7.5 million to resolve claims that it mismanaged employee pension plans. The settlement benefits individuals who were participants, beneficiaries or other beneficiaries of the Washington University Retirement Savings Plan in St. Louis between June 8, 2011 and March 31, 2022. WashingtonRead More →

GREENWOOD VILLAGE, Colorado–(BUSINESS WIRE)–Empower, the nation’s second-largest retirement plan provider,1 achieved $62 billion in pension plan sales in 2022. AUA figure represents funded and committed organic sales. As of June 30, 2022, Empower has won over 2,000 new client mandates. The company has added several large corporate and state plansRead More →

Avant-garde added a third robo-advisor offering, this one aimed at participants in employer-sponsored plans, according to Dispatches. The new platform, Vanguard Personal Advisor, is a discretionary advisory service available to “select defined contribution plans,” writes FA-IQ sister publication Ignites, citing a filing from last week and a spokesperson for theRead More →

By Madeline Lyskawa (July 1, 2022, 4:42 p.m. EDT) – A former Northeastern University employee sued the school in Massachusetts federal court, claiming retirement savers suffered a financial hit because their plan was struggled with excessive fees and offered below-average investment options. Oscar Brookins said Thursday that Northeastern University andRead More →

Last week we covered the history of the game and how it inspired the development of this year’s ASPPA Annual agenda. Let’s talk about how it will “play out” in October! General concept of the game (series): This unique game (series) has four levels (sessions) that the player (participant) mustRead More →

Last week we covered the history of the game and how it inspired the development of this year’s ASPPA Annual agenda. Let’s talk about how it will “play out” in October! General concept of the game (series): This unique game (series) has four levels (sessions) that the player (participant) mustRead More →

Acquisition significantly enhances Prime Pensions’ pension portfolio FLORHAM PARK, New Jersey, June 28, 2022–(BUSINESS WIRE)–Prime Pensions LLC (“Prime Pensions”), a portfolio company of Mill Point Capital LLC (“Mill Point”), today announced the acquisition of Northwest Retirement Plan Consultants, LLC (“NWRPC” or the “Company”), a Washington-based provider of retirement plan design,Read More →

DALLAS, June 28, 2022 (GLOBE NEWSWIRE) — Independent pension plan administration (TPA) and recordkeeping company Austin Capital Retirement Plan Services, LLC announces that it will be changing its name to RetireBetter on July 1, 2022, to better reflect its primary mission of helping individuals better prepare for retirement. Based inRead More →

June 23, 2022 Kutak Rock LLP To print this article, all you need to do is be registered or log in to Mondaq.com. On June 3, 2022, the Internal Revenue Service (“IRS”) announcement a pilot audit program and has already issued notices to pension plan sponsors. This pilot program notifiesRead More →

Anot individual retirement account (IRA) allows those of United States to contribute a portion of their pre-tax income to a retirement fund which can then earn interest and allow for a more fruitful sum of money before this sum is eventually withdrawn before retirement. US taxpayers can contribute up toRead More →

Edelman Financial Engines began offering financial planning services to participants of employer-sponsored pension plans on the company’s business book. The nation’s largest RIA advises on a combined $219 billion in 401(k) and other retirement plan assets for employers, including about 120 Fortune 500 companies. Employees who participate in these plansRead More →

BY SILISIWE MABALEKAThe Director General (CEO) of UMZINGWANE Rural District Council, Ndumiso Mpofu, has reversed his decision to retire under unclear circumstances. Sources said Mpofu informed the rural district council at a meeting on June 10 that he would retire early. He reportedly said his early retirement was to protectRead More →

Sangamon Valley Public Water District customers will have the opportunity to vote to elect SVPWD Board Directors in the primary ballot (June 28). This measure was championed by two current and two former board members who served on the board for decades. Answering questions about why they want directors electedRead More →

Retirees often use the “4% rule” to help estimate a sustainable withdrawal rate from their portfolio to support spending throughout retirement. While this guideline may be helpful, we believe it is too general a rule to apply to any family, especially in light of high inflation and expected portfolio returns.Read More →

Envestnet, the wealth management software giant used by 6,500 companies and 108,000 financial advisors managing more than $5.5 trillion in assets, announced last week that it has acquired retirement plan marketplace 401kplans.com. The deal, Envestnet saidunderscores the company’s commitment to the multi-trillion dollar pension industry. The terms of the contractRead More →

The Internal Revenue Service’s Employee Plans function is testing a new pre-exam retirement plan compliance program, starting this month, to shorten the time it takes for exams. The IRS said in an email Friday that it will notify plan sponsors by letter if their retirement plan is selected for upcomingRead More →

NEW YORK–(BUSINESS WIRE)–Vontobel has partnered with SEI Trust Company for a suite of Collective investment funds. The new offering broadens investors’ access to reliable pension solutions from the high-conviction and long-only equity strategies of its Quality Growth Boutique at Vontobel. Since 1988, Vontobel’s Quality Growth Boutique has followed a consistentRead More →

NEW YORK, June 02, 2022–(BUSINESS WIRE)–Vontobel has partnered with SEI Trust Company for a suite of Collective investment funds. The new offering broadens investors’ access to reliable pension solutions from the high-conviction and long-only equity strategies of its Quality Growth Boutique at Vontobel. Since 1988, Vontobel’s Quality Growth Boutique hasRead More →