The SEC Might Mandate Swing Pricing for Most Funds
The comment period for the proposal is open until February 4 and would require a hard close, swing pricing and a 10% minimum in highly liquid assets.
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What Is a Student Loan Match and How Can I Start One?
In 2024, sponsors will be able to match their participants’ student loan payments. But how?
District Court Narrows $750,000 Retirement Theft Lawsuit Claims
A federal judge granted the motion to dismiss one of three defendants in a retirement theft lawsuit.
Retirement Industry People Moves
CBCF Names Verity’s Otto Vice Chairman; Spinelli promoted to co-CIO at Halbert Hargrove; Gallagher acquires Retirement, HR Advisory Buck; and more.
Congress Passes SECURE 2.0
The sweeping retirement reform will usher in both short- and long-term efforts to expand retirement savings to more Americans.
CDC Data Shows Increased Deaths and Lower Life Expectancy in 2021
However, the separate actuarial tables used for retirement planning and services may not follow the trend.
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Investment Service and Product Launches
Ameriprise testing retirement income planning service; Vanguard adds short-term tax-exempt bond ETF; Franklin Templeton starts ClearBridge sustainable infrastructure ETF; and more.
Plan Sponsors That Like Saving Money Get Good News on Variable-Rate Premiums
If SECURE 2.0 passes, PBGC would stop increasing the rate.
Xerox Reaches $4.1 Million Preliminary Settlement in Excessive Fee Lawsuit
The settlement in principle is pending court approval.
With SECURE 2.0 Through The Senate, Retirement Experts Widely Endorse House Approval
Legislation gets wide acclaim as a positive reform in the retirement sector as passage hinges on House vote.
Not a Cybersecurity Expert? No Problem
Standardized processes can help plans identify vendors who excel at providing data protection for the retirement industry.
Cybersecurity Concerns Require Attention From Sponsors, Participants and Recordkeepers
Firms concerned with protecting accounts and data are increasingly vigilant about the need to strengthen and safeguard their systems.
Plan Sponsors Have Myriad Responsibilities to Protect Against Cyberthreats
Plan sponsors should begin with the Department of Labor’s guidance on cybersecurity, proceed to fill an arsenal of safeguards to protect and secure retirement plan data, assets and...
Rising Markets Boost U.S. Public Pension Funding
The aggregate funded levels of the 100 largest public pension funds grew to 74.7% during November, up from 71.6% in October.
Molina, flexPATH ERISA Suit Continues, But Adviser NFP Dropped
A federal judge is allowing a plaintiff’s lawsuit against plan sponsor Molina Healthcare and TDF provider flexPATH to continue, but has absolved adviser NFP from a fiduciary duties...
ESOPs Fables: What Does the Omnibus Do for Employee Ownership?
SECURE 2.0 and the WORK Act, both found in the appropriations package, would reform ESOPs with the aim of making them easier to start.
CBO Forecasts 23% Social Security Shortfall by 2034
A bipartisan federal agency warns that workers may see a 23% reduction in promised Social Security benefits by 2034 if no tax increases, benefit cuts or some combination...
Middle Income Retirees at Risk of Slipping into Poverty
Report calls for legislation and policy changes to fix a retirement system it says mainly benefits high earners.
SECURE 2.0 Bill Delivers on Most Supported Provisions
The final bill contains measures on student loan matching, 403(b) improvements, tax credit incentives, emergency savings and a plan lost and found.
Lori Lucas Set to Step Down as Head of EBRI
Lucas cites DEI and accessibility as accomplishments in her five years at the retirement research institute.