Today, only 69% of assets in retirement plans are in actively managed funds, down significantly from 84% in 1996.
In the new complaint, participants attempt to offer more evidence for claims that were dismissed in another pending lawsuit.
The first step, AB says, is to replace TDFs from recordkeepers with open architecture, next-gen TDFs.
The DOL alleged in all three cases that the firm approved transactions without undertaking the due diligence required of an ERISA fiduciary.
Robert C. Merton, Ph.D., and Arun S. Muralidhar, Ph.D., discuss how Standard of Living indexed, Forward-starting, Income-only Securities can address the call for in-plan retirement income solutions.
For the first time in my career, I work for a company that provides both Thanksgiving Day and the day after as paid holidays.
Industry veteran joins Meeder as SVP; PGIM Investments appoints chief marketing officer to drive global expansion; FS Investments hires national sales manager to oversee sales professionals; and more.
PBGC data shows the multiemployer program had liabilities of $67.3 billion and assets of $2.2 billion as of September 30, 2017.
Sixty-four percent have financial goals.
Any large-scale action on retirement reform will require trust, a willingness to take risk and experiment, and a sense of the greater good.
In an issue brief, researchers for the Center for Retirement Research at Boston College discuss plan partitions, benefits cuts, subsidized loans and tax payer support.
More Gen Xers say they regret spending and accumulating debt than previous generations, a survey found.
Wilshire launches latest indexes tracking REITs; New York Life Investments announces new equity fund; ProShares presents advanced ETFs and public index funds; and more.
The association argues that plaintiffs’ claims rely on hindsight, ask Fidelity to “follow the herd” and imply Fidelity should not align its interest with those of 401(k) plan participants.
House and Senate Democrats hope to pass legislation to “put union pension plans back on solid footing,” but their bicameral position in the minority makes this a tall task.
The consultancy identifies 10 investment-related terms rendered outdated by change.
Following the earliest stages of debate, both the House and the Senate seem to have backed away from major changes to deferred compensation arrangements, as well as from other retirement-industry focused proposals.
Alight Solutions says there was a 50/50 split of trading days favoring equities and those favoring fixed income.
The agency also issued a reminder that a certain amount of flexible spending account assets can be rolled over to the following year.
Roughly four in five retirement plan participants said it would be at least somewhat useful to have additional information about investment fees, according to research from The Pew Charitable Trusts.