Retirement Trends

Retirement services provider Voya Financial and Blue Owl Capital, a $273 billion credit-focused alternatives manager, are partnering to develop private markets investment products in all-in-one target date funds for employer-sponsored retirement savings plans.

The report shows that investments in flexible scheduling and improving culture have had huge benefits in employee morale and retention rates.

Senator Elizabeth Warren is doubling down on efforts to get all her questions answered from Empower about the provider’s "risky" new program that will pave the way for private market investments to be included in 401(k)s.

Empower, the nation’s second largest 401(k) plan provider, has announced a new program that gives access to participants to private market investing, which may bring risk, however, the provider says most participants want access, in its new study.

These retirement plans meet the legal requirements and the cost for a pre-approved plan is less than for an individually designed plan, according to the IRS.

These legal pros, who represent clients in the employee benefits field, sent a letter to Congress, in the aftermath of the just-passed tax bill which included little for the retirement sector, to increase retirement "plan formation, plan participation, and retirement savings.”