Individual Retirement Accounts

Hercules Capital Announces Supplemental Cash Distribution of $0.07 Per Share for the Second Quarter Of 2021

Retrieved on:

Tuesday, July 27, 2021

Professional services, Finance, Financial ratios, Taxation in the United States, Individual Retirement Accounts

This supplemental cash distribution will be paid out of Hercules Capitals undistributed taxable income (taxable income in excess of distributions paid) as of June 30, 2021.

Key Points:

This supplemental cash distribution will be paid out of Hercules Capitals undistributed taxable income (taxable income in excess of distributions paid) as of June 30, 2021.
The following shows the key dates of the supplemental distribution payment:
This supplemental cash distribution is in addition to the previously announced regular quarterly cash distribution that Hercules declared for the second quarter of 2021 of $0.32 per share.
Of the distributions declared during the quarter ended June 30, 2021, 100% were distributions derived from the Companys current and accumulated earnings and profits.
The percentage of QII for distributions declared for the second quarter ended June 30, 2021 on Hercules Capital, Inc.s common stock is 87.7%.

Miller Shah LLP Announces Proposed Class Action Settlement on Behalf of Former Participants in the Novitex Enterprise Solutions Retirement Savings Plan

Retrieved on:

Friday, June 25, 2021

Retirement plans in the United States, Individual Retirement Accounts, Finance, 401, Taxation in the United States, Money, Pension, Economy, Investment

TO: ALL FORMER PARTICIPANTS IN THE NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN, (THE "NOVITEX PLAN") WHO WERE PARTICIPANTS IN THE PLAN BETWEEN JANUARY 1, 2014 AND DECEMBER 31, 2018 (THE "SETTLEMENT CLASS PERIOD").

Key Points:

TO: ALL FORMER PARTICIPANTS IN THE NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN, (THE "NOVITEX PLAN") WHO WERE PARTICIPANTS IN THE PLAN BETWEEN JANUARY 1, 2014 AND DECEMBER 31, 2018 (THE "SETTLEMENT CLASS PERIOD").
This Settlement will provide for a payment of $750,000, less any Court-approved fees and expenses, and administrative costs, to the Exela 401(k) Plan ("Exela Plan"), the successor-in-interest to the Novitex Enterprise Solutions Retirement Savings Plan (the "Novitex Plan"), which money will then be allocated to the accounts of former participants of the Novitex Plan who had accounts in the Novitex Plan during the Settlement Class Period.
You do not need to send in a claim or take any other action to participate in the Settlement.
Your share (if any) of the Settlement Fund will depend upon the amount and value of your Novitex Plan account(s) during the Settlement Class Period.

Capitalize and Bankrate Partner to Help Users Find and Roll Over Legacy 401(k) Accounts to Better Save for Retirement

Retrieved on:

Thursday, June 24, 2021

Were thrilled to offer Bankrate users direct access to Capitalizes 401(k) rollover platform for free -- and to partner with a team that shares our commitment to helping Americans effectively save for retirement.

Key Points:

Were thrilled to offer Bankrate users direct access to Capitalizes 401(k) rollover platform for free -- and to partner with a team that shares our commitment to helping Americans effectively save for retirement.
By making it easy to find and roll over legacy accounts like 401(k)s, Capitalize helps individuals make the most of their retirement savings.
Capitalize manages the entire 401(k) rollover process for users through an online alternative to the manual, paper-based process of transferring retirement accounts.
Over time, Capitalize intends to help users manage all of their employer-sponsored and individual retirement accounts as they move throughout their career.

Planning for Long-Term Care: New Report Reveals Three-Quarters of Healthy 65-Year-Old Couples Living to Actuarial Longevity Face Average Future LTC Expenses Ranging from $237,000 to $600,000

Retrieved on:

Tuesday, June 22, 2021

Academic disciplines, Articles, Health, Demography, Elderly care, Actuarial science, Individual Retirement Accounts, Long-term care, Medical terminology, Life expectancy, Retirement, Probability

"Although Americans may be more aware of long-term care as an issue, most choose to roll the dice when it comes to these expenses.

Key Points:

"Although Americans may be more aware of long-term care as an issue, most choose to roll the dice when it comes to these expenses.
Providing cost and probability of care data is a powerful starting point for LTC planning discussions between advisors and clients."
A healthy 65-year-old woman living to an actuarial life expectancy of age 89, has a 56% probability of needing long-term care.
The firm provides an array of planning apps, from 401(k)-focused to advisor-facing, all with the goal of creating funding solutions today to cover future in-retirement health care expenses.

Unum employees can flip savings into steady retirement income

Retrieved on:

Thursday, June 17, 2021

Retirement plans in the United States, Individual Retirement Accounts, Pension, Personal finance, 401, UNM, Retirement, Finance, Money, Economy

CHATTANOOGA, Tenn., June 17, 2021 /PRNewswire/ -- Unum (NYSE: UNM) is offering its employees a new in-plan program to help make their retirement savings last.

Key Points:

CHATTANOOGA, Tenn., June 17, 2021 /PRNewswire/ -- Unum (NYSE: UNM) is offering its employees a new in-plan program to help make their retirement savings last.
Carl Gagnon, Unum
The new program grants employees nearing retirement access to a low-cost, professionally managed fund that adjusts with age.
When paired with the managed cash flow withdrawal option, it forms a steady stream of income in retirement.
Employees can choose to keep their savings in Unum's 401(k) plan after retirement as an affordable option to managing their savings.

Guideline Raises $200M in Funding Led by General Atlantic to Fuel Growth of Comprehensive Retirement Plan Solutions

Retrieved on:

Wednesday, June 16, 2021

Banking, Professional services, Finance, Retirement plans in the United States, Individual Retirement Accounts, Finance, Pension, 401, Money

Guideline , a leading provider of easy, affordable retirement plan solutions for small-and-medium-sized businesses (SMBs), today announced it has raised $200M in new funding led by General Atlantic, a leading global growth equity firm.

Key Points:

Guideline , a leading provider of easy, affordable retirement plan solutions for small-and-medium-sized businesses (SMBs), today announced it has raised $200M in new funding led by General Atlantic, a leading global growth equity firm.
Guideline plans to use the funds to further scale its offering of full-service 401(k) plans, as well as introduce new retirement plan solution products.
Guideline offers a full suite of support, spanning plan administration and employee onboarding, to compliance testing, government filing and recordkeeping.
In addition to its offering of traditional 401(k) plans, Guideline supports self-employed individuals through Simplified Employee Pension Plan (SEP) IRAs.

T. Rowe Price Releases Annual Study On 401(k) Participant Activity And Plan Design

Retrieved on:

Wednesday, June 2, 2021

Retirement plans in the United States, Finance, Individual Retirement Accounts, T. Rowe Price, 401, Volatility, Money, Investment

BALTIMORE, June 2, 2021 /PRNewswire/ --T. Rowe Price, a global investment management firm and a leader in retirement services for investors and plan sponsors, released today Reference Point , its annual 401(k) benchmarking report featuring year-over-year data and analysis on participant behavior and plan design.

Key Points:

BALTIMORE, June 2, 2021 /PRNewswire/ --T. Rowe Price, a global investment management firm and a leader in retirement services for investors and plan sponsors, released today Reference Point , its annual 401(k) benchmarking report featuring year-over-year data and analysis on participant behavior and plan design.
The overall average pretax deferral rate for participants increased from 7.6% in 2019 to 7.8% in 2020the largest annual increase since 2016.
During the peak of the market volatility in 2020, 10% of plans made changes to their plan design.
T. Rowe Price Plan Services, Inc. has been a retirement solutions provider for more than 30 years.

Fidelity® Q1 2021 Retirement Analysis: Average Balances Reach Record Levels for Second Consecutive Quarter

Retrieved on:

Thursday, May 13, 2021

Banking, Professional services, Insurance, Finance, Individual Retirement Accounts, Retirement plans in the United States, Roth IRA, 401, Finance, Money

Investors made contributions to 1.3 million IRA accounts in Q1, a 52% increase over Q1 2020.

Key Points:

Investors made contributions to 1.3 million IRA accounts in Q1, a 52% increase over Q1 2020.
Total IRA contributions increased to $4.3 billion in Q1 2021, nearly double the $2.9 billion in contributions from a year earlier.
In addition, 26% of overall IRA contributions were made by investors under the age of 35, up from 23% in Q1 2020.
The percentage of contributions to Roth IRAs continues to increase, rising to 60% of all IRA contributions in Q1 2021.\n401(k) loans and withdrawals dipped slightly in Q1.

Study Finds 75% of Small Business 401(k) Plans Pay Hidden Fees

Retrieved on:

Tuesday, May 4, 2021

Retirement plans in the United States, Individual Retirement Accounts, 401, Taxation in the United States, Fee, Microeconomics, Economy, Money

b'MOBILE, Ala., May 4, 2021 /PRNewswire/ --Roughly 3 out of every 4 small business 401(k) plans are being charged hidden fees by their provider, according to a study by Employee Fiduciary, LLC .

Key Points:

b'MOBILE, Ala., May 4, 2021 /PRNewswire/ --Roughly 3 out of every 4 small business 401(k) plans are being charged hidden fees by their provider, according to a study by Employee Fiduciary, LLC .
These hidden fees cost the plan participants of this study an average of $228, every year.
More than half of working-age households are at risk of having inadequate retirement savings, and these hidden fees are a big reason why.
"\nIn February, 2012, the Department of Labor began requiring 401(k) providers to disclose their fees in documents called 408(b)(2) fee disclosures.

Study: Over 9 in 10 financial professionals support the passage of the SECURE Act 2.0

Retrieved on:

Monday, May 3, 2021

Personal finance, Presidency of Donald Trump, United States federal legislation, Financial advisors, Individual Retirement Accounts, SECURE Act, Financial adviser, Finance, SIMPLE IRA, Pension, Money

Eight in ten (81%) agree increasing the catch-up contribution limit for those 60+ to $10,000 for retirement plans and $5,000 for simple IRAs will do the same.

Key Points:

Eight in ten (81%) agree increasing the catch-up contribution limit for those 60+ to $10,000 for retirement plans and $5,000 for simple IRAs will do the same.
"SECURE Act 2.0 is a significant next step that will help many Americans take control of their financial futures.
It\'s great to see that advisors and financial professionals helping Americans prepare for retirement also see significant opportunities for their clients in the proposed legislation.
"\nNationwide commissioned Edelman Data and Intelligence (DxI) to conduct a 13-question, online survey among 500 full-time U.S.-based financial advisors and financial professionals.