Micruity

ICYMI: Check out John Manganaro's insightful article on Micruity's recent announcements and how we're shaping the future of retirement income! 

Prominent Investors Back Micruity with $5M of New Strategic Funding Prudential Financial, State Street Global Advisors, and TIAA Ventures joined existing partners Pacific Life and Western & Southern Financial Group to back the investment, driving Micruity's total funding to over $11M. We're thrilled to be supported by these industry leaders, underscoring the value of our innovative technology that powers a secure retirement for millions of Americans. Read the full announcement: https://lnkd.in/eMeWBBmD

We're excited to announce Micruity's expanded collaboration with MetLife on their innovative Universal Digital Retirement Platform! The enhanced platform will include education, planning, and annuity purchasing tools that seamlessly and securely connect to existing employment benefits, TPAs and recordkeeping systems. We're proud to collaborate with MetLife on this industry-leading solution and advance our mission to simplify retirement income. https://bwnews.pr/4exBv7I #retirementincome  #401K  #annuities #MetLife  #definedcontribution

Join us in welcoming Kim Rosenberg to the Micruity Team! As the demand for robust retirement income solutions continues to surge within the defined contribution space, Micruity's market position as a leader and innovator in this space continues to grow. Aligned with this growing demand, we're excited to share that Kim Rosenberg has joined Micruity as the Head of Revenue. In this newly formed role, Kim will support client growth and drive market awareness. Kim's track record in building and growing retirement-focused businesses will act as a catalyst for Micruity in the next phase of its business growth. We're very excited to have Kim on board! #Micruity  #retirementIncome  #definedcontribution https://lnkd.in/gVUE3YXY

Want to learn why 401K stakeholders want to work with Micruity? Learn how our flexible infrastructure makes it easy to power retirement income across a fragmented ecosystem by reading our Product Stack Whitepaper. Note: This is a technical whitepaper. If you are interested in the concept but find the reading needs the support of a Micruity expert, please connect with us at [email protected] https://lnkd.in/grmZPDyZ

There are many great Defined Contribution Institutional Investment Association (DCIIA) ambassador events around the country, but it’s rare when you also get the chance to bring your families, take in a farm experience, and even go for a pony ride (or get your kids on a horse/pony)! Micruity is excited to host the DCIIA Midwest ambassador event on Saturday, June 22nd, at Susanna Farms in Lake Villa, IL. This summer event invites DCIIA Midwest members (or those attending the 2024 Advisor Institute Forum in Kohler) and their families to enjoy snacks and beverages, fresh air, yard games, and farm activities, including feeding the animals and hayrides. Pony/horse rides will be available for kids -- and adults too! Logistics: Casual, farm-friendly attire and footwear is encouraged. For those who may want to stay in a hotel in the area, Gurnee, IL is about 8 miles away, and Pleasant Prairie, WI, is about 20 miles from the farm >>on the way to Kohler<<. Light snacks and beverages will be available or attendees are welcome to bring their food for a picnic. Registration link here! https://lnkd.in/gdve4cc9 #micruity  #DCIIA  #Susannafarms #Definedcontribution

Jeri Savage of MFS Investment Management highlights that the evaluation process for retirement income is broader than the typical process plan sponsors use. In this PLANSPONSOR article, MFS's research highlights the following as part of the diligence process for retirement income: > Identifying the Plan's preference for retired participants > Whether or not participants exit the Plan at retirement > What advice/services/solutions will the Plan offer > Product attributes and trade-offs of different guaranteed and non-guaranteed components, and > Will the Plan offer multiple solutions to support their participant base Folks like to say, "Retirement income is complicated," and they are not wrong. However, when is change for the better not hard at the onset? By taking a step back, being thoughtful, and looking at the bigger picture, what seems complicated now has a windfall of ease and simplicity. #retirementincome #401K https://lnkd.in/dzw4-3dY

If you are in DC this week, be sure to ping Elizabeth Heffernan (she, her, hers) to chat all things Retirement Income! Elizabeth will be attending the Employee Benefit Research Institute 2024 Spring Public Policy Forum and Groom Law Group, Chartered 26th Annual Seminar. #401K #RetirementIncome

Defined Contribution plans today look different from 20 years ago and will also look quite different 20 years from now. PLANADVISER's recent article looks at some key ways in which plans will continue to evolve.    One of the focus areas noted for growth is the adoption and evolution of in-plan retirement income offerings. Craig Stanley, CPA CPFA, of Summit Group 401k Consulting, an Alera Group Company, noted that the demand for workers wanting to take accumulated assets and convert them to a consistent and predictable stream of income is there. This is important considering that participants may not have the expertise to work through a sustainable withdrawal rate by themselves and often do not have access to a professional adviser relationship. Other future growth areas mentioned include the growth of Roth-centric offerings for plans and an emphasis on student loan matching strategies, all important innovations in the workplace plan environment. #retirementincome #401K #annuities https://lnkd.in/dWxzBY5W

Bonnie Treichel and Matthew Eickman, J.D. AIF® do a fantastic job rebutting 7 retirement income concerns in this recent PLANADVISER article. If you were to poll plan sponsors on their attitudes toward offering income annuities to plan participants, you might hear objections such as too expensive, too risky, or too difficult to evaluate. However, Bonnie and Matt dig into the regulations and technology powering the growth of income products to provide plan sponsors and fiduciaries with counter-points for these commonly heard statements of objection. Progress is still required in a few areas, such as plan portability, but we are confident that technology and industry innovation are continuously working to make income easier - simplifying retirement income. #retirementincome #401K https://lnkd.in/gc6RBsBZ