Indiana Erector Set Manufacturer’s Former Chairman Sued by ESOP Participants
The plaintiffs allege fiduciary breaches occurred in a leveraged buyout after the company founder’s death.
Benefits
DOL Seeks Independent Fiduciary for 401(k) Plan of Closed NY Construction Company
When L D Wenger Construction Co. Inc. ceased operations, its 401(k) plan was deserted by the fiduciary, barring retirement plan participants from access to their retirement assets, the...
Benefits |
Nava Benefits Acquires Consulting Firm to Improve Employee Experience
Nava and Nielsen Benefits Group plan to make cost-effective health care more accessible for small and midsize employers.
Benefits |
Complaint Targets Waters Corp. 401(k) Plan, Board, Benefits Panel
The suit, filed in Massachusetts federal court, alleges retirement plan fiduciaries caused participants to pay excessive fees to plan recordkeeper Fidelity Investments.
Benefits |
DOL Targets New Jersey 401(k) Plan for Concrete Companies
Concrete producer Di Ferraro Inc. failed to remit employee withholdings and loan repayments to the plan over six years, the Department of Labor alleges.
Benefits |
DOL Sues SIMPLE IRA Plan Sponsor for Pocketing Retirement Deferrals
A Minnesota HVAC company is alleged by the Department of Labor to have misappropriated the retirement contributions of its’ employees, according to the lawsuit.
Benefits |
DOL Sues West Virginia Company for Fiduciary Breaches
MSES Consultants Inc. failed to fund its health plan for much of 2016, leaving participants and beneficiaries on the hook for health care costs.
Benefits |
Pace of New PEP Filings Slowing
Observers expect consolidation as market matures and some slowing due to IRS clarification that expanded the scope of PEPs requiring audits.
Benefits |
Supreme Court Ruling Leaves Student Loan Borrowers Looking for Help
Workers with student loan debt may start to feel a pinch when payments resume in October. Plan sponsors have an opportunity to ‘show up’ and help them cope.
Salas O’Brien Plans to Address Pay, Workplace and Retirement Benefits
Salas O’Brien has plotted changes to compensation and workplace benefits, with Lucas Hellmer as the new director of benefits and compensation.
Benefits |
DOL Provides Cybersecurity Tips For Plan Sponsors, Participants
Workers should log-in to their recordkeeper’s website periodically to check online retirement accounts, the Department of Labor's Lisa Gomez advises.
Benefits |
The Retirement Income ‘Low-Hanging Fruit’ Option Open to Plan Sponsors
Plan sponsors and their retirement industry providers can take steps toward facilitating greater coordination and use of systematic withdrawals by plan participants.
Benefits |
AI Has Potential to Improve Plan Design, Expand Retirement Plan Access
Users may not be able to rely on artificial intelligence for financial advice yet, but technological developments are already making plan sponsors more efficient.
Benefits |
Equity in Plan Design Starts With Understanding Demographics, Expanding Eligibility
To provide broader and more equitable access to retirement savings for all participants, plan sponsors should consider auto features, new SECURE 2.0 provisions, and tracking demographics to make...
Benefits |
PSNC 2023: DB Plan Design
Speakers advise plan sponsors on what to consider when looking to terminate their defined benefit plans and offering lump sums to participants.
Benefits |
PBGC Grants More Than $2 Billion to PACE and National Integrated Group Pensions
Three smaller plans also received SFA assistance.
Benefits |
PSNC 2023: Addressing the Health Care and Financial Benefits Tradeoffs
Expert panelists discussed ways employers can strike a balance between offering a variety of health care benefits and mitigating rising costs.
PSNC 2023: Unique Issues for 403(b) Plan Sponsors
Experts at the PLANSPONSOR National Conference addressed the ebb and flow of employer efforts to align in-plan investments with organizational values.
Benefits |
PSNC 2023: Are You inSUREd?
In the shadow of the recent data breach at a large third-party vendor, experts shared relevant tips for how plan sponsors can protect themselves if and when such...