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The McCullough, Campbell & Lane LLP retirement savings plan owes an average of more than $200,000 to 25 participants.  

Higher education plan sponsors cited lower costs and fewer administrative responsibilities as reasons to join a pooled retirement plan solution, now available for 403(b) plans thanks to SECURE...

IBM’s decision to unfreeze its pension is a ‘strong endorsement’ of plan sponsors operating parallel defined contribution and defined benefit retirement plans.

Schedules DCG and H, among others, will be modified for disclosures filed next year.

Looking ahead to next year, Vanguard’s David Stinnett predicts plan sponsors will continue to expand financial wellness programs and will explore optional SECURE 2.0 provisions. 

This could be a reason to lower premiums, though insurance conditions have been volatile before.

Principal promotes Matos; Amundi names CIO; Eagle hires Pickering as head of high-yield municipal credit team; and more.

The agency increasingly relies on supplemental funds, despite taking on more responsibilities, such as overseeing SECURE 2.0, according to the Government Accountability Office.

The Board, or its designee, will review the investment performance of each investment option and underlying investment fund at least quarterly and review the policy at least annually.

Principal, T. Rowe Price, Vanguard and Ascensus note ongoing system issues due to a cybersecurity problem at a US-based division of Infosys.

Employee Fiduciary launches 401(k) fees calculator; Businessolver enhances MyChoice accounts HSA investment platform; BenchMine launches latest retirement plan insights; and more.  

The legislation would prevent plan sponsors from setting a minimum age of 21 for workers to participate in retirement plans.

IBM’s move away from the 401(k) match leads industry experts to evaluate the shortcomings of defined contribution plans in providing guaranteed lifetime income.

The resolution would give Congress an additional two months to finalize a budget.

Ascensus and its Newport Group-run nonqualified retirement systems have not been able to update participant accounts since November 2.

While there is no silver bullet to end racial wealth disparity, employers can use financial wellness programs to narrow the gap, according to research published by Wharton's Pension...

Plan sponsor communications should emphasize positive behaviors to encourage an ‘optimal’ participant mindset.

An EBSA letter to SIFMA confirmed the 60-day comment period will proceed as originally planned.

The budget, which President Joe Biden has pledged to veto, would also prevent the DOL from implementing the fiduciary adviser proposal.

While health savings account balances are growing and more people are contributing, employers remain concerned that employees should be educated on their complexities.