Greg was a reporter for InvestmentNews from 2015 to 2019, covering defined-contribution plans, retirement planning, insurance, taxes and estate planning, before then moving to CNBC as a Personal Finance Reporter. He tweets at: @GregIacurci
The customization that makes them a good investment option presents a benchmarking challenge.
One hundred and thirty advisers left in the second quarter, marking the firm's third consecutive quarter of reductions.
Broker-dealer hasn't yet determined whether the platform will be mandatory when it launches next year, given the fluid regulatory environment.
High-pressure and deceitful sales tactics allegedly lost investors, many of whom were elderly, more than $10 million.
The settlement, if approved, would be among the largest in cases alleging enrichment due to use of proprietary investments.
The plaintiff claims the plans were "loaded" with proprietary mutual funds, and 98% of the investable assets were held in company-affiliated investments.
Employers can avoid headaches by not exercising control over the health savings account process.
The firms, which focus on active management, are seeking flexibility to lower fund fees.
Some see the implementation as a watershed moment for these retirement plans.
Some believe the Connecticut law could be a springboard to reform among other states.
