Benefits

Latest deal comes after the multinational technology company in 2023 closed its defined contribution plan in favor of a cash-balance plan and in 2022 completed a $16B PRT. 

This projection for next year’s cost of living adjustment comes as the Consumer Price Index rose 2.5% over the last year, according to the Bureau of Labor Statistics.

Experts providing testimony to EBSA focused on defined contribution in-plan annuity product offerings as the plan default.

For the smallest of employers, offering a state auto-IRA program provides minimal administrative and fiduciary burdens.

The moves are part of a larger effort to streamline services.

While 401(k) plan fees are a bigger ask for small plans, the savings benefits to participants still tend to be worth the price.

For some employers, offering a state-facilitated retirement plan is the best and easiest option, but for others, sponsoring their own plan or joining a PEP are more attractive.

The $221 million transaction will secure pension benefits for retirees and beneficiaries at Sound Retirement Trust, a multiemployer plan for grocery workers in Washington state.

The director of benefits at Wayne-Sanderson Farms shares how offering an in-plan managed account service helped its employees older than 50.

Private employers are often opting to start their own retirement plans, rather than utilize a state-run plan, in states with retirement mandates.

The Newspaper Drivers Local 473 Plan will receive funding under the federal Special Financial Assistance Program.

The bank committed $7 million to fund a three-year program in which the nonprofit will provide benefits to low- and moderate-income workers.

According to NCPERS research, the impact of pension cuts is often missing from pension policy debates.

The notice is intended to help plan sponsors implement the match program, with plans for regulation offering further guidance to come.

The Retiree Health Care Cost Estimate reveals that with health expenses for retirees up 5% since 2023, selecting better Medicare options could help many Americans.

The military shipbuilding company saw a significant decrease in employees taking out 401(k) loans after offering the financial wellness software Kashable as an alternative. 

Sponsors have both legal and practical ramifications to weigh.

With their ability to provide personalized advice, managed accounts have become a more attractive retirement income solution, but the high fees attached to them continue to be a...

Plan sponsors have a number of factors to consider when comparing investment, insurance and drawdown options for their participants.