December 23, 2024—ICI and ISS Market Intelligence (MI) today released their collaborative report on 403(b) plans subject to the Employee Retirement Income Security Act of 1974 (ERISA),
ICI submitted a letter to the ERISA Advisory Council on the topic "Qualified Default Investment Alternatives—Start to Finish, Default to Payout," in connection with its October 22, 2024, meeting. The Council's focus is on the effectiveness of QDIAs in both the accumulation and...
August 30, 2024—Adjusted for inflation, average retirement assets per US household are nearly 10 times what they were 50 years ago. That surge in wealth has been propelled largely by IRAs, 401(k)s, and similar plans, which provide retirement security for families of all backgrounds...
On August 14, 2024, the US District Court for the Western District of Missouri ordered that a set of challenged Missouri Securities Division rules, which required specified financial professionals to obtain a client's written consent on state-scripted documents before providing advice...
Employers’ commitment to their 403(b) plan participants is evident in the report “The BrightScope/ICI Defined Contribution Plan Profile: A Close Look at ERISA 403(b) Plans, 2020,” released today by ISS Market Intelligence (MI) and the Investment Company Institute (ICI). Analyzing plan...
The Investment Company Institute submitted a comment to the Department of Labor (the “Department”) on their proposed regulation defining who is a “fiduciary” of an employee benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA), or an individual retirement...
January 2, 2024—ICI President and CEO Eric Pan released the following statement regarding the Department of Labor's (DOL) proposed rule updating the definition of an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA).
December 13, 2023÷–ICI strongly supports efforts to promote retirement security for US workers. Our members play a significant role in helping retirement savers by making available the investment products through which pension plans, defined contribution plans and IRAs invest.
November 30, 2023—ICI announced that it and eight other associations will host the ERISA 50th Anniversary Symposium and Gala on Thursday, September 12, 2024, to mark five decades since the landmark law’s passage.
