Consideration of environmental social governance (ESG) factors in investment decision-making for ERISA retirement plans has been a contested issue for several decades. Various presidential administrations have sought guidance from the Department of Labor (DOL) about how — or if — ERISA plan fiduciaries should value ESG components.
When plan sponsors and financial professionals choose plan investment options, their aim is to provide all participants with choices that are appropriate for their retirement savings objectives, while acknowledging that different people’s objectives are likely to vary widely.
Retirement guidance that doesn’t consider factors such as race and ethnicity is incomplete. Not every experience with money or employment is universal, so financial planning that’s inclusive of ethnicities, family makeup and life circumstances is vital to help ensure everyone gets a fair chance at thriving in retirement.
People often struggle with conversations about differences in experiences among people of varying racial and ethnic groups.
Lying can often cause more problems than it’s meant to avoid, and this is particularly true when someone lies to their significant other about financial matters.
Summertime and the livin’ is easy. The famed first line from the opening song of Gershwin’s Porgy and Bess likely describes what business feels like for financial professionals as the summer season hits.
Credit unions are required by the National Credit Union Association (NCUA) to submit a quarterly 5300 Call Report.
The quarterly Call Report provides the NCUA with updated financial and statistical data on each financial institution’s assets, income and financial condition, which can be used to assess credit unions’ overall financial health and risk profiles.
Many Americans find it a challenge to build a more financially secure future due to higher inflation, rising interest rates and volatile market conditions. And many are, in fact, struggling to grow their wealth. The U.S. median real household income fell 2.9% between 2019 and 2020.1
Offering your employees benefits like a qualified retirement savings plan is an important part of business recruiting and retention, but it’s more than that. Your retirement plan offering can help demonstrate that you value your employees’ wellbeing and care about their future financial security — even after they leave your organization.
