Voya successfully moved to dismiss the amended claims under Rule 12(b)(6), arguing that the claims should be dismissed because they fail to plausibly allege the firm actually took a spread on certain separate account assets in question.
The IRS notes that Rev. Proc. 2017-41 modified the pre-approved letter program by combining the master & prototype and volume submitter programs into a new opinion letter program.
The pension plan administrator for the city of San Jose employees has known about the overpayments due to miscalculations since 2011, but the overpayments continue.
Because participants receiving a student loan repayment non-elective contribution can still make deferrals to the 401(k) plan and receipt of the contribution is not dependent on whether the employee makes deferrals to the plan, the IRS ruled the benefit will not violate the “contingent benefit” prohibition of the Income Tax Regulations.
The bank has agreed to pay $21.9 million to settle charges it benefited from including proprietary funds in its 401(k) plan.
We covered a survey which found nearly half of HR managers (46%) have seen someone at their company moved down a rung on the career ladder.
Despite something of a tepid second quarter, pension plans have enjoyed a strong year of growth.
Among other features, the program delivers worksite seminars allowing employees to learn about financial principles that are relevant to them, including personal finance and retirement strategies.
LCG Associates Promotes Investment Analyst to Consultant; Mercer Acquires Investment Consulting Brand; AndCo Acquires Public Funds Consulting Practice; and more.
Responses to a large survey of health care consumers suggests that workers now expect their employers to support physical, mental and emotional, and financial wellbeing equally.
The four-to-five-hour continuing education (CE) course, available to retirement industry professionals on FiduciaryEducation.com, provides support in planning and incorporating holistic financial wellness benefits.
It is also compatible with all major web browsers and mobile devices.
With a new service from BenefitEd, workers can move the entire match over to pay down their student loan debt or just a portion of it.
In a decision granting victory to New York University, a federal judge noted “deficiencies in the Committee’s processes—including that several members displayed a concerning lack of knowledge relevant to the Committee’s mandate.” She has now been asked to amend the decision to remove committee members.
US SIF Launches Money Manager-Focused Guide, and Wells Fargo Updates Personalized Solution.