401kTV

Congrats to winners of RPA categories at Wealthies Awards and thanks to WealthManagement for including the DC industry recognizing the growing importance and momentum of the convergence of wealth and retirement. David Musto Jason Crane Joe DeNoyior Cheryl Brown Lori Commerford Allison Dirksen Peter Nolan David Goldman Joseph Giannone Wayne Park Gary Tankersley Abigail Benham Jack Barry Chris Weirath Matt Rafferty Brock Johnson Matthew Wolniewicz, AIFA Scott Colangelo Brian Brashaw, CPFA, CRPS, CRPC, CFEd

It’s no wonder financial wellness is such a hot topic—financial stress continues to pervade American workers’ psyches.?Debt, especially student loans, is overwhelming employees, leaving them feeling less than confident in their financial well-being. A recent Sofi survey, cited in?Employee Benefit News, found that 86% of employees are stressed about their finances.?That’s up 10% from last year. Employers have a tremendous opportunity to foster financial well-being in the workplace.?It’s clearly time for employers to take another look at financial wellness benefits and how to leverage changes,?such as SECURE 2.0, to help employees succeed when it comes to building a healthy financial foundation. Fred Barstein writing for 401kTV outlines a few strategies employers can take that may help with recruiting and retention here: https://lnkd.in/esfPep5u #employeewellbeing #shrm #hrci #apa #hr

There's still time to register for the complimentary TPSU - The Plan Sponsor University Fiduciary Training session in Berea, OH on February 29th. Who should attend? Retirement Plan Sponsors or Retirement Plan Committee members looking to enhance their knowledge of the latest developments in the retirement plan universe should attend. Adjunct Lecturer Charles Brown,?MAI Capital Management has an entire agenda ready designed to bring attendees up to speed on the most current SECURE Act 2.0 developments and retirement plan enhancements. Additionally,?Jason Hamilton, Managing Director of Retirement at?MAI Capital Management?Keynote Presentation will cover "Fiduciary Responsibilities" of a Plan Sponsor. Attendees with?SHRM,?HRCI, and?#APA?credentials can earn 5 CE Credits for attending this complimentary session. For details and to signup please click here:?https://lnkd.in/eZndzZWn For additional details please contact:?Yany D?or?Agnes Lastowska #shrm?#hrci?#hr?#humanresources #hr

Artificial intelligence (AI) is making a splash in the retirement world, with huge potential to irrevocably change the industry.?In fact, 17% of pension experts believe AI will revolutionize the industry a great deal, while 60% say it will to some extent, according to a recent survey from Professional Pensions,?cited in BenefitsPRO. In that context, BenefitsPro also recapped the EBRI- Milken Institute’s 2024 panel, “Innovations and FinTech: Developments that Can Enhance Financial Security, Retirement Planning and Spending Down Assets,” which discussed AI’s influence in the retirement planning process.?The panel included several leaders from various fintech and financial wellness companies. Among them namely, Yon Perullo, CEO of RiXtrema Inc., which creates software for financial advisors, and Laurel Taylor, founder and CEO of Candidly, a financial wellness platform related to student debt. You can read their comments and Charlie, another fintech firm, has also embraced AI, mostly around fraud issues related to retirees, and insights from a Mercer CFA Institute study cited in BenefitsPro by clicking here: https://lnkd.in/gEpQCyVa #ai #chatgpt #artificialintelligence #financialadvisors #wealthmanagers

Franklin Templeton’s strategic approach to the defined contribution space involves adeptly leveraging existing relationships and adapting to the evolving landscape of retirement planning. Following the acquisition of Putnam Investments, the firm’s DC division, overseeing $100 billion within the company’s $1.5 trillion assets, is now under the leadership of Yaqub Ahmed and Steven McKay.?Ahmed focuses on the institutional market, while McKay oversees the advisor-sold segment, navigating challenges in the dynamic industry. With a robust wholesaling force and strategic collaborations, Franklin aims to secure a prominent position in the competitive DCIO space, capitalizing on the intersection of wealth and retirement planning trends. Can they do it? There's more here: https://lnkd.in/gDak_54T Fred provides additional insights in his column for WealthManagement.com this week, “Franklin Templeton Riding Convergence Wave as It Integrates Putnam.” #wealthmanagement #401k #financialadvisors #dcio #convergence

Mobile apps play a pivotal role in enhancing retirement plan participation, particularly among younger employees, for several reasons. During TPSU - The Plan Sponsor University Fiduciary Education Program at UCLA, Fred Barstein, CEO of TPSU and 401kTV chats with Patricia, the HR director at a small engineering manufacturing company with 90 employees. Patricia emphasized the transformation brought about by a company portal’s mobile app, providing easy access to employee information, paychecks, benefits, and, crucially, the retirement plan. The app, developed by the record keeper, proved instrumental in engaging younger employees who had previously underutilized the portal. Patricia’s insights underscore the value of technology in enhancing retirement plan visibility and accessibility, especially when tailored to the preferences of a tech-savvy workforce. https://lnkd.in/eHHuKDEB #mobileapps #mobileappsolutions #employeebenefits #employeewellbeing

Here's your chance to catch up on this past week's most important and interesting stories as 401kTV Founder & CEO, Fred Barstein provides his unbiased and insightful comments covering: 1. Fidelity Investments partners with four insurers to offer in-plan guaranteed income 2. Experts confirm the convergence of wealth and retirement is critical 3, DOL to revise their fiduciary rule as a result of a tsunami of comments 4, DC system under attack by academics 5. Franklin Templeton riding convergence wave as it integrates Putnam Investments #401k #wealthmanagement #financialadvisors #fiduciary #dcio https://lnkd.in/eyX3fEmP David Armstrong Michael H Samuels Shlomo Benartzi Robert Capone Dwyatt McClain AIF, CRPC Matthew Wolniewicz, AIFA Michael De Feo Steve McCoy Shawn West, AIF?, CPFA?, C(k)P? Michael McAtamney Craig J. Reid CFP?, CLU?, CPFA Craig Vollmer Rob Barnett Stephen Popper, AIF?, CPFA, NQPA Jeffrey Cullen EY Nevin Adams Shawn O'Brien, CFA Alicia H. Munnell Teresa Ghilarducci Jeff Rosenberger Aaron Schumm Mike Dullaghan, AIF? Jenny Johnson David Goldman Jordan Cohen D. Bruce Johnston Rebecca Hourihan AIF? PPC? Dave Gray Nicole Zheng Thomas Moore Steven McKay Yaqub Ahmed

Adjunct Lecturer Mark Tonelli, AIF?, Senior Vice President, HUB International will lead the TPSU - The Plan Sponsor University fiduciary training session on February 14, 2024. The session will take place at the Fritz Knoebel School of Hospitality on the University of Denver campus. If you are a Plan Sponsor or Plan Fiduciary please plan to attend this complimentary session. As an added bonus, SHRM, HRCI and #APA designation holders will earn 5 hours of CE Credits for attending. Our educational sessions will cover Behavioral Finance, Retirement Readiness, Participant Outcomes, Top Defined Contribution (DC) Trends and Developments along with panel discussion on what is and isn't working in today's 401 (k) plans. Details and sign-up infomration is available here: https://lnkd.in/ei-pfUse Additional information is available by contacting: Yany D or Agnes Lastowska #shrm #hrci #apa #hr #humanresources #humanresourcesmanagement

The SECURE 2.0 Act is making headlines, as several provisions take effect as of this year.?Passed in 2022, SECURE 2.0 is designed to improve American workers’ access to retirement plan benefits, especially small business employees. According to the SHRM (Society for Human Resource Management), saving and planning for retirement is among employees’ most highly valued workplace benefits, second only to health insurance.?Companies of all sizes—especially small businesses—can improve recruiting and retention, as well as?retirement readiness?and financial wellness, by providing employees an opportunity to save for the future through workplace retirement plan benefits. One provision of SECURE 2.0 allows employers to automatically enroll employees in a retirement plan-linked Emergency Savings Account program. Learn more about that provision here: https://lnkd.in/emN7Cm-c #secure20 #savings #emergencysavings #shrm #hr

Fred Barstein, contributing editor to?WealthManagement.com’s?RPA Edge, and Founder & CEO of 401kTV invites retirement industry thought leaders to answer three probing questions on critical issues, providing an open, honest and candid dialogue. This week, Freed hosted Laurel Taylor, founder & CEO at Candidly, which helps DC plan sponsors help their employees better manage their student loans, asking her: ?? How can the DC industry safely leverage participant data? ?? How can AI and ChatGPT be leveraged within the DC industry? ?? What is Candidly is doing around student loans especially since SECURE 2.0 and can how ancillary services like them help boost engagement? https://lnkd.in/eTs7ZyrY #studentloans #studentdebt #ai #generativeai #chatgpt #employeeengagement #thoughtleadership