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Ascensus to buy Mutual of Omaha 401(k) recordkeeping business

Consolidation in the recordkeeping business will continue. Ascensus and Mutual of Omaha have an agreement where Ascensus will acquire Mutual of Omaha’s 401(k) recordkeeping business, according to a March 27 announcement by the firms. Through the d...

Plan Sponsors are worries retirees will run out of money

According to a MetLife survey, 91% of plan sponsors are concerned that their future retirees will run out of money in retirement. I’m surprised that it’s more than 90 percent, but the fact remains that we have a retirement crisis in this country and we...

Alliance Bernstein wins proprietary 401(k) fund lawsuit

My daughter works at a local restaurant and I think it doesn’t look good when employees there, or...

Forgotten accounts is a big deal

According to a recent study, there are 29.2 million forgotten participant 401(k) accounts that hold...

Nationwide teaming up with Morningstar for managed accounts

Nationwide is teaming up with Morningstar Retirement by offering a new managed account service that...

Empower to offer retirement income solutions

Empower announced partnerships with several asset management and insurance providers to offer a ran...

Participants raised their deferral rate in 2023 for new record

People will say that when it comes to retirement savings, the glass is half empty. I see it as half...

Jim Leyritz is the Yankee Stadium guest

I always say that when you do something big in New York sports, you are immortalized forever. Our g...

Modern Wealth makes a purchase

Modern Wealth Management acquired Beltz Ianni & Associates’ advisory business and their third...

DOL claims TPA embezzled money

The Department of Labor (DOL) has sued Paul Palguta, the owner of RiversEdge Advanced Retirement So...