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Despite incurring a 10% penalty for cashing out retirement savings early, research found that many employees liquidate 401(k) accounts when leaving or switching jobs. 

The Department of Labor alleges an environmental consultant abandoned responsibility for its profit-sharing retirement plan in the late 1990s.  

Rugel joins MassMutual as head of operations; BNP Paribas promotes José Placido to CEO and Jean-Yves Fillion to vice chairman; and more.

Because of rising health care costs and the predicted insolvency of Social Security, experts tout HSAs as a powerful tool to save up for health care expenses.  

New state-facilitated initiatives may boost private sector plans, not crowd them out, a Pew analysis of federal data shows.

Research shows that assets in health savings accounts continue to rise, growing to reach a landmark threshold last year.

Most plan sponsors hope their retirement income solutions provide a paycheck-like experience to participants, T. Rowe Price research found.  

Nestimate announces in-plan retirement income analytics tool for advisers; Savvy Wealth launches direct indexing investment product; Broadridge, Paychex partner on small 401(k) retirement plan solution; and more.

SECURE 2.0 brings opportunity, but also implementation, tracking and administrative questions, according to experts speaking on a PLANSPONSOR webinar.

There is an opportunity for asset managers to focus their distribution of retirement income products, as interest in keeping retired participants in plan grows, new Cerulli Associates data...

Millennial and older workers expect it will take greater than $1 million saved in a workplace retirement plan to retire comfortably.

The retirement plan for Tenneco Inc. employees is alleged to have committed two breaches of fiduciary duty.  

According to most analysts, the fall in discount rates raised liabilities by more than the growth in equities, leading to deterioration of funded status in March.

Extreme and age-inappropriate allocations by workers to equities, of either 100% or nothing, have been solved by the Pension Protection Act of 2006 and TDFs, according to Vanguard...

The NYS Teamsters Conference Plan has now received approximately $1.4 billion in total. The PBGC also provided supplemental relief to three other plans.

Rising costs have driven an increase in the rate of Americans who worry they might not be able to afford the lifestyle they want in retirement.

The 7th Circuit Court of Appeals finds reason to move two of three motions forward after Supreme Court review.

Callan’s Defined Contribution Trends Survey revealed that plan sponsors had increased interest in DEI efforts and eliminating fees in 2022.

Principal launches hybrid QDIA; Penn Mutual introduces Protection Whole Life; Xtrackers by DWS announces a new ETF; and more.

The two companies will operate under the FinFit brand to provide wellness benefits to a wider range of employers.