Benefits

Aid to Michigan-based fund will benefit it more than 22,000 participants. 

Analysts consider how funds can afford cost-of-living adjustments to address the buying-power erosion that slow and steady cost increases can have on benefits.

The 2.5% increase was anticipated by industry watchers amid lower inflation.

Research from Corebridge Financial identifies benefits of preparation and financial planning around open enrollment. 

The retail pharmacy and health care provider will provide 401(k) matching contributions for employees making qualified student loan payments, starting next year.

Nearly 9,000 individuals were swept up in the Infosys McCamish hack that also hit other plan providers.

Plan sponsors shared the hurdles they face when evaluating retirement income options and implementing a strategy in-plan during a ‘Plan Sponsors in Conversation’ livestream.

Speakers at a webinar shared how the smaller cohorts can connect employees with resources that are most relevant to them. 

In the latest edition of Plan Sponsors in Conversation, plan sponsors discussed the ways in which they ‘meet employees where they are’ with financial wellness programs.

According to the group, its efforts can improve wealth-building efforts for American workers.

Plan sponsors, advisers and policy experts shared how they measure the effectiveness of their financial wellness programs during a recent webinar.

Vestwell, Commonwealth, FuturePlan partner to bring new pooled employer plan to market. 

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.