Vestwell is in and Ascensus is out in Oregon as mushrooming 'force-function' state retirement plans spark heated bids to recordkeep; RIAs are angling for a cut, too
News, Vision & Voice for the Advisory Community States may force millions of small employers to sponsor pensions, buoying VC-backed digital recordkeepers. But RIAs like Fisher Investments are trying to convince small businesses to set up their own 401(k) plans to meet new mandates. December 17, 2020 — 9:34 PM by Lisa Shidler Brooke's Note: The pendulum is swinging again in the pension world. Coverage of private-sector employees with workplace retirement plans -- all defined benefit -- was at 85% in 1975 but had fallen to 33% by 2005. The reasons are complex. One factor was the rise of 401(...
Source: riabiz.com