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Workers contributing to the Allianz Savings and Retirement Plan have brought allegations of self-dealing against plan fiduciaries.

The two union pensions, one in transportation and the other in graphic communications, will receive more than $100 million in combined funds.

Employers that offer NQDC plans have increased their use of bad actor forfeiture clauses, the Plan Sponsor Council of America finds.

The Equable Institute released its final 2022 projections for U.S. state and local public pensions funding status, revealing the best—and worst—funded state pensions.

The Actuarial Standards Board approved changes for public pension plans’ investment portfolio risk assessments, disclosures of employer contributions and investment gain/loss analyses.  

An ERISA suit filed in 2021 alleged that Deloitte did not monitor the fees being charged to its 401(k) plan.

Voya expands wealth solutions team with northeast hire; Transamerica names director of Institutional Sales; DFA names CEO for Australia fund advisement; and more.

Human Interest CEO says minority stake from BlackRock will help hiring in areas including product, engineering, and customer acquisition.

More women than men expect to delay retirement or to never be financially ready to retire, new Nationwide research shows.  

December equity performance reduced pension funding levels from highs earlier in the year.

SECURE 2.0 makes several regulatory and disclosure changes for DB plans.

Milestone Money starts retirement planning website; Transamerica launches life insurance policy with retirement income option; J.P. Morgan customers can now deposit checks directly into IRA accounts; and more.

Almost half of respondents agreed annuities can offer safety and stability.

A “state of the industry” report from recordkeeper Ubiquity finds 62% of plan sponsors expect a recession, with 47% seeing 401(k) loan requests coming from participants.

The reforms complement the student loan matching provision and make it easier to use ABLE and 529 accounts for college savings.

Quest Diagnostics’ 401(k) profit sharing is the target of a new retirement plan lawsuit alleging excessive fees for investments.  

NIRS report shows pension expenditures supported $1.3 trillion in economic output in the first year of the pandemic.

The USI Insurance Services 2023 Employee Benefits Market Outlook Report outlined employer strategies to reduce the impact of rising health-care costs.  

Eric Partlan, MassMutual’s head of portfolio management, will replace retiring CIO Tim Corbett.

The RMD change is straightforward, but the catch-up change, not as much.