Rise in Retirement Plan Excessive Fee Litigations
The number of lawsuits involving 401(k) plans has increased significantly in recent years, peaking in 2020. The number of ERISA lawsuits in 2020 saw an 80% increase compared to 2019.
Thursday, March 19, 2026
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Being Proactive Is Crucial for Advisors
Given that the financial advisory industry is short on specialists, the industry needs to improve its diversity and inclusion efforts to attract and retain employees from different groups.
A Plan That Fits in Your Pocket, and Closes Coverage Gap
The Portable Retirement Act would allow Americans to contribute to a retirement savings account concurrently with the receipt of their social security number, with or without a plan sponsor.The act is aimed at people who don’t already have a way to save for retirement.
31st Annual Retirement Confidence Survey
Are workers delaying retirement because of the pandemic? What about those who currently work with financial advisors? The closer to the end of their working life, the more people start to concern themselves with securing their retirement funds.This strategy is often a winner, because you never know just how many rainy days lie ahead. The RCS is the longest running survey of its kind measuring the confidence of workers and retirees in retirement. The 2021 survey was conducted online from January 5 to 25, 2021 by the Employee Benefits Research Institute (EBRI) and Greenwald Research. All 3017 respondents were 25 years of age or older. 1507 workers and 1510 pensioners...Read More
Can Every American Access Financial Advice?
According to a recent study conducted by Allianz life, not all Americans are able to get the financial advice they need. Which is pretty troubling given the recent economic turmoil.The 2021 Retirement Risk Readiness Study highlighted the particular difficulties faced by certain demographic groups, in getting professional help with their finances.