Advisor Sales Strategies

There's a push by Congress, spearheaded by ranking committee member Sen. Tim Scott, to include the ability for 403(b) plans to use the low-cost CIT investment options that many 401(k) plans use today.

An estimated 80% of plan sponsors are overpaying administrative and investment fees due to failure to benchmark their plans annually, according to Steven Abernathy, Principal and Chairman of Abernathy Daley 401K Consultants.

Partnering with a retirement plan specialist can help you design a 401(k) plan that supports recruitment and retention efforts without causing more administrative work that takes away from focusing on growth.

When asked what solutions would increase their confidence in their retirement plans, workers' top response was an in-plan protected retirement solution, says Cathy Marasco at Nationwide, which published a new Protected Retirement survey.

The DOL's new Retirement Security Rule, which had been set to become effective Sept. 23, will remain on hold as appeals will be heard by the 5th Circuit, which blocked the previous Obama-era fiduciary rule.

In latest SEC investigation, 11 firms will pay more than $88 million to settle charges related to off-channel texting communications and widespread recordkeeping failures against investment advisors and broker-dealers.