Retirement Industry People Moves
Hall Benefits Law announces changes to ERISA team and BNY Mellon elects governance expert to Board of Directors.
Latest News
McKinsey Agrees to Settle Excessive Fee Lawsuit
In addition to a $39.5 million payment, the firm has agreed to a number of prospective steps to ensure reasonable...
Overwhelming Majority Doesn’t Have Emergency Savings to Last Six Months
More than half of Americans are earning half or less than half of their pre-pandemic income, and 31% have lost...
Products |
Northshire Selects 401GO for Chambers of Commerce Platform
The partnership with the recordkeeper will focus on the firm’s National Chamber of Commerce Micro Market Solution.
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Bloomberg Announces Latest ESG Offering
The offering is broken into two sectors: Environmental and Social, and Board Composition.
The SEC’s Retail Mutual Fund Disclosure Framework Is Changing
A new Securities and Exchange Commission proposal takes a sensible, layered approach to disclosure that takes advantage of today’s ubiquitous...
Benefits |
Are Employer-Sponsored DC Plans the Best Retirement Savings Vehicles?
The coronavirus pandemic and other factors have called into question the value of DC plans, but experts say they’re still...
Gannett Co. ERISA Lawsuit Revived by 4th Circuit
Helping to explain the break with the post-Dudenhoeffer tradition of courts rejecting similar stock-drop suits, the majority opinion in this...
Benefits |
It’s Back to Basics for Benefits Priorities
Prior to the pandemic, ultra-low unemployment put a spotlight on ‘lifestyle benefits’ for employees. The COVID-19 downturn has already shifted...
Roth IRAs Popular Among Younger Retirement Savers
Katie Taylor, with Fidelity Investments, shares the reasons for the appeal and why plan sponsors should tout Roth accounts they...
Employers Making Accommodations As Businesses Reopen
Remote work accommodations can help prevent early retirements for workers at risk, and employers need to adjust retirement planning communications...
Principal-Wells Fargo Integration on Track for 2021 Completion
Remaining clients still on the Wells Fargo platform can expect to be transferred to the Principal platform by the end...
Benefits |
Small Business Employers are Freezing Cash Balance Plans
Amid the pandemic, many are pausing their cash balance plans out of concern that there could be insufficient cash on...
Mercy Health Corp. Faces 403(b) Plan Excessive Fee Lawsuit
Among other things, the lawsuit alleges the health care system unreasonably maintained investment advisers and consultants despite the known availability...
Actuarial Firms, Treasury Clash Over Union Pension Cuts
Lead actuaries at Segal say the Treasury Department is preparing to wrongfully reject an application to reduce benefit payments made...
American Airlines Prevails in ERISA Lawsuit
A federal judge found the plaintiffs did not show they suffered an injury by American’s decision to include a credit...
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Hancock to Waive Recordkeeping Fees for New Clients in Q121
John Hancock Retirement has announced that it will waive recordkeeping fees for the first quarter of 2021 for eligible plans...
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Board Smart Offers Online Training Platform for Public Pension Trustees, Execs
Curriculum topics range from board operations to asset management to risk intelligence.
Workers Forced to Retire Early Can Still Achieve Financial Wellness
With the help of money management strategies, workers can still have a financially sound retirement.
Recent Acts Will Require Plan Amendments
Retirement plan sponsors will need to be aware of select modifications depending on their plan type, as well as key...