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Expanding its wealth solutions distribution business, Voya is seeking growth in new markets, including mid-market segments.

The recordkeeper also found retirement saving balances rebounding with stronger market performance in Q2.

TIAA is unifying all sales directors supporting nonprofit plan segments within institutional sales and promoting Houser to an expanded position, as head of institutional sales

The Department of Labor claims a payroll services and HR outsourcing company has effectively barred participants from accessing accounts and refused to accept contributions to the plans. 

$182.6 million in SFA money will be distributed to the plan to ensure its solvency to 2051.

The Department of Labor claims a New Jersey electrical contractor misappropriated employees’ retirement plan contributions and ended employer contributions to the health plan. 

The partnership on the state-sponsored IRA for private-sector employers is expected to cut costs for participants in both states.

A judge dismissed a complaint against the retirement plan committee for Cisco, marking the fifth dismissal of similar lawsuits.

The airline has sought to dismiss the litigation, but the trial could begin in late June of next year.  

To the extent that they apply to pensions and other ERISA plans, the state-level regulations are pre-empted by federal law, the complaint says.

Plan sponsors have increased their focus on delivering expanded benefits and employee financial wellness programs in defined contribution plans, according to JP Morgan Asset Management.

The Department of Labor’s Employee Benefits Security Administration is bringing the regulator’s retirement plan compliance seminar to California.

Because of a strong equity performance and a dip in liabilities in July, pension funded statuses increased once again, analyst firms found.

Principal names Goosay managing director of global fixed income; Voya Financial Promotes Thompson; RPAG appoints head of business development; and more.  

Plan participants born after 2000 raised their retirement contributions and invested in cryptocurrency and non-fungible tokens at higher rates than adjacent age cohorts, according to recent research.

EBSA will take feedback for 60 days on defined contribution reporting requirements, PEPs and emergency savings accounts.

AT&T has filed for additional time to request a rehearing. 

Attorneys for the funds argue in their motion that the complaint is ‘wasting the court’s time.’

Fiduciaries of the trust are now liable for $38 million in pension liabilities.

The awards were presented to government-sponsored defined contribution plan administrators and service providers across five categories.