Subject to court approval, the retirement plan services and investments provider will pay participants in a class action case who alleged it charged excessive fees.
COLA boosts to pension distributions have been proposed in Pennsylvania and Texas, while they have already been announced in Maryland and Rhode Island.
Employees are now more than twice as likely to describe their personal finances as fair or poor, as they are to call them good or excellent, John Hancock...
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.
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.
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.
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...
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...