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US Retirement & Benefit Partners expands with new purchase

Consolidation among plans provides continues in the retirement plan business. U.S. Retirement & Benefits Partners Inc. announced the purchase of Pension Planning Consultants Inc. Pension Planning Consultants is a New Mexico-based firm that provides ...

Pfizer wins lawsuit

The U.S. District Court for the Western District of Michigan granted Pfizer Inc.’s motion to dismiss a case that claimed that Pfizer paid “unreasonable” recordkeeping and administrative fees. U.S. District Judge Paul Maloney ruled that the plaintiff pre...

Withdrawal numbers are scary

According to FinanceBuzz, 40% of Americans with retirement accounts have taken money out of them ea...

T. Rowe launces lifetime income product

Everyone is pushing lifetime income options for retirees because the fear is that there will be not...

Automatic Enrollment mandate will lead to a whole host of problems

I was against Automatic Enrollment before I was for it. When it finally became part of the Internal...

Wealth Enhancement Group makes another purchase

Wealth Enhancement Group, a wealth management firm with more than $94.7 billion in client assets,...

Loans and hardships don’t affect deferrals

A research paper from the Wharton Pension Research Council states that 401(k) contributions are “...

Walgreens adds student loan match

Walgreens announced the launch of its Student Loan 401(k) Match Program, a benefit for student loan...

Nvidia settles 401(k) lawsuit

Nvidia Corp. has reached a proposed settlement with former participants of the company’s 401(k) p...

Average balance shows we have a long way to go

For those aged 55-64 the average 401(k) account balance is $244,750. The median account balance is ...