401(k) Specialist

1 week ago | 401kspecialistmag.com | Amanda Umpierrez

July Business Services, LLC has acquired Employee Incentive Plans, Inc. (EIP), effective as of May 30, 2025. The acquisition also includes the merger of AtlasMark Financial, Inc.’s (AFI) retirement plan advisory practice with Expand Financial, LLC (EXPAND), a wholly owned subsidiary of JULY. EXPAND operates as an investment fiduciary partner, offering plan sponsors expert management of retirement plan investment lineups.

1 week ago | 401kspecialistmag.com | Amanda Umpierrez

Senate Democrats last week issued a letter calling on the Department of Labor (DOL) to reinstate its guidance on cryptocurrencies in 401(k) plans. The letter, addressed to DOL Secretary Lori Chavez-DeRemer and written by Sens. Richard J. Durbin (D-IL), Elizabeth Warren (D-MA), Tina Smith (D-MN), and Chris Van Hollen (D-MD), warned over the “significant risks and challenges” in offering the digital asset in retirement plans, including “fraud, theft, and loss” to Americans’ 401(k) accounts.

1 week ago | 401kspecialistmag.com | Amanda Umpierrez

While women are set to become “double inheritors” of over $100 trillion in the upcoming largest wealth transfer, research shows many begin investing later than men. Financial advisors have an opportunity here to engage and grow their wealth, says investment manager Capital Group. Although women hold over $10 trillion in household financial assets, nearly 40% are likelier to start investing after age 35 compared to men, according to .

1 week ago | 401kspecialistmag.com | Amanda Umpierrez

New research from the Transamerica Center for Retirement Studies (TCRS) analyzes the retirement outlooks for each age group, noting that most U.S. workers believe their own generation faces more hardships in achieving financial security compared to other cohorts.

1 week ago | 401kspecialistmag.com | Brian Anderson

The Social Security Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100% of total scheduled benefits until 2033, according to the Social Security and Medicare Trustees Reports, released today by the Treasury Department. While that date is unchanged from last year’s report, it should be noted that the OASI depletion date advanced by about 3 calendar quarters, relative to last year’s projection.