PBGC Seeks $1 Million+ in Liability Payments From Pension Plan in Trusteeship
The Pension Benefit Guaranty Corporation is seeking damages from a construction company after the PBGC took over its terminated pension fund.
Latest News
Benefits |
Delaware EARNS Launches Pilot, CalSavers Surpasses $1B in Contributions
Several private-sector employers in Delaware will participate in Delaware’s pilot auto-IRA program, and CalSavers continues to achieve milestones.
Retirement Industry People Moves
Broadridge names Kirkland to head of mutual fund regulatory unit; Standard brings in Orr to lead AI use across organization; Newfront adds financial industry veteran to board; and...
Fiduciary Rule Lawsuit Leans on Past Court Strike-Down
An advocacy group for independent insurance advisers alleges the DOL’s Retirement Security Rule is similar to a proposal struck down by federal appeals court.
How Should a Plan Sponsor Respond to a Data Breach?
Given the recent data breach at J.P. Morgan, plan sponsors should evaluate their recordkeepers’ cybersecurity practices and ensure there is a plan of action in case a breach...
Empower Completes Integration of Prudential Financial Retirement Business
Since acquiring the business in 2022, Empower has officially integrated Prudential’s recordkeeping system onto its platform.
Morningstar, NAPFA Affirm Support for Final DOL Fiduciary Rule
Morningstar policy brief analyzes the impact of the Department of Labor Retirement Security Rule.
Products |
Product & Service Launches
Pacific Life enhances suite of annuities; TIAA and Nuveen lifetime income default target-date offerings approach $35 Billion; Cetera launches active ETF research select list; and more.
NAGDCA Highlights CITs in 403(b)s and Roth Rollovers as Key Legislative Priorities
NAGDCA also listed delayed implementation dates and the creation of a National Retirement Security Month.
DOL Rejects GAO Recommendation to Update TDF Guidance
GAO reports that the DOL does not offer adequate guidance on how to interpret differences across TDFs.
Alcoa Corp. Faces Lawsuit Over PRT Deal with Athene
This is the third case that law firm Schlichter Bogard LLP has brought against a company following a pension risk transfer with Athene in the last few months.
DOL Sues Third Profit-Sharing Plan in 2024
The Department of Labor is continuing its enforcement push against profit-sharing plans.
The Landscape at the Entry Level
Business-related degrees are important, but so are data management and soft skills.
Training Benefits Teams to Work with the Retirement Plan Looks Different for Every Organization
Staffers have varying degrees of experience with retirement plans, so providing training and education is vital when managing a benefits team.
Retaining Skilled Experts Requires Employer Flexibility
Implementing a phased approach to retirement and transitioning workers in a ‘flex-tirement’ paradigm helps employers to remain competitive and keep down hiring costs.
Breaking Down ERISA Section 404(c) to the Basics
This provision is designed to protect plan fiduciaries from participants’ poor investment choices, but the plan sponsor is still responsible for providing a range of investment options, among...
J.P. Morgan Data Breach Exposes 451,000 Plan Participants’ Information
Participant names, addresses, Social Security numbers and bank information were exposed in a breach the bank learned of in February.
California Marketer Claims Plan Change Caused Recordkeeper to Retaliate
A California plan sponsor has sued the provider it removed, 401(k) Easy, claiming the company perpetrated a scheme to defraud the plan.
How Does the DOL’s Independent Contractor Rule Affect Plan Eligibility?
401(k) and 403(b) plans should review plan documents and independent contractor processes.
Women Express Concern about Retirement Crisis, Long-Term Care Costs
As women face a bigger uphill battle when it comes to retirement savings, many expressed support for the return of pension plans and government support for making long-term...