Sallus Retirement Selects Ubiquity Retirement + Savings® for Administration and Recordkeeping of its Pooled Employer Plan prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Vestwell Eyes Multi-Billion-Dollar Future After Landing $70M Investment Aaron Schumm s Vestwell is growing quickly, fueling Morgan Stanley s workplace ambitions and landing Connecticut s state auto-IRA.
Recordkeeping-as-a-service firm Vestwell landed a $70 million Series C funding round that has founder and CEO Aaron Schumm describing “a very clear line of sight to be a multi-billion-dollar business in the very near future.” The investment round was co-led by Wells Fargo Strategic Capital and Fin Venture Capital, according to an announcement, with additional investments from sources including Goldman Sachs and Morgan Stanley as well as the venture arms of insurances firms that include Nationwide Ventures, Allianz Life Ventures and Northwestern Mutual.
Paths to Salvage Participants’ Retirement Savings
With a higher percentage of full-time workers leaving their jobs, experts suggest plan sponsors and plan advisers educate employees about self-funded retirement programs.
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More American workers are leaving their jobs for better opportunities in a post-pandemic world, and experts are telling them to take their defined contribution (DC) retirement plan savings with them, too.
According to the Bureau of Labor Statistics (BLS), about 4 million workers quit their jobs in April alone, a rate about 24% higher than before the pandemic and a phenomenon labor experts are calling “The Great Resignation.” Some retirement industry experts warn that mass job separations could lead to potential damages to retirement savings, which are generally accrued through employer-sponsored retirement benefits.
State IRA programs ignite a new market for small 401(k) providers investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
Reddit's r/personalfinance thread has 14.6 million followers who come to share advice and debate the best ways to handle a number of personal finance-related situations, from salary negotiations to.