Investment Instruments

Most (92%) employees agreed that it was important to have choice in and control of the investments in their plans and more than eight out of 10 said that their DC plan offered “a good lineup of investment options," according to the Investment Company Institute.

The Labor Department has filed a motion to pause two federal court cases challenging the Retirement Security Rule, which was finalized last April and had been set to go into effect last September, but has been beset by lawsuits.

A group of 17 Republican state attorneys general are demanding answers from top asset managers, who they say are misleading investors and retirement plan fiduciaries by omitting “essential disclosures for funds that include Chinese investments,” according to the AG letter.

The Senate’s new bill would allow 403(b)s to include CITs as part of their investment menu options, and now the Investment Company Institute is getting behind the effort to boost retirement savings for nurses, educators, and other nonprofit workers.

Now, financial advisors can offer Capital Group’s ICanRetire employee engagement tool to small business owners to help improve participant outcomes and increase contributions.

Women often earn less, live longer, and face career interruptions, however, gender-specific employee matches would be inappropriate, says Cathy Mendell, founder, <a href="https://theiafinancial.com/">Theia Financial</a>.