PBGC Provides More Than $400 Million in Supplemental Funding to New York Teamsters
The NYS Teamsters Conference Plan has now received approximately $1.4 billion in total. The PBGC also provided supplemental relief to three other plans.
Latest News
US Workers Increasingly Worried About Retirement Lifestyle Affordability
Rising costs have driven an increase in the rate of Americans who worry they might not be able to afford the lifestyle they want in retirement.
New Hughes v. Northwestern Decision Could Mean More Litigation
The 7th Circuit Court of Appeals finds reason to move two of three motions forward after Supreme Court review.
DC Plan Sponsors Increased Focus on Cutting Fees, Protecting Against Litigation in 2022
Callan’s Defined Contribution Trends Survey revealed that plan sponsors had increased interest in DEI efforts and eliminating fees in 2022.
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Investment Product Launches
Principal launches hybrid QDIA; Penn Mutual introduces Protection Whole Life; Xtrackers by DWS announces a new ETF; and more.
Financial Wellness Platforms FinFit, Salary Finance Announce Merger
The two companies will operate under the FinFit brand to provide wellness benefits to a wider range of employers.
Judge Denies Kimberly-Clark Corp.’s Motion to Dismiss
A retirement plan lawsuit in federal court in Texas will advance against the manufacturer of paper products.
Brainstorming on Social Security
The Social Security trustees say that the OASI fund will become insolvent in 2033.
Everything You Need to Know About Maryland Saves
The state-managed auto-IRA program launched in September 2022 and should cross $1 million in AUM in the coming days.
Accelerated Retirement Plan Closings Put Pressure on Small Employers
A Morningstar report reveals the pandemic caused defined contribution plan closings to spike and new plan creation to slow down.
One in Five Americans Plan to Work Into Retirement, Study Reveals
A survey conducted by Smart found Americans nearing retirement are most concerned about affording health care and the daily cost of living.
DOL Responds to ESG Lawsuit on Same Day Its Venue Change Motion is Denied
"Texas resides everywhere in Texas," a federal judge wrote in confirming he would hear the case filed by 25 states.
TIAA Joins Major Recordkeepers in Portability Services Network
The Retirement Clearinghouse, focused on the portability of retirement savings, continues to expand.
Coca-Cola Bottlers’ Association Agrees to Settle ERISA Case for $3.3 Million
The lawsuit against the CCB multiple employer plan needs court approval to finalize settlement.
Benefits |
Improving Financial Wellness Starts With Understanding Participants
Many plan sponsors are building financial wellness programs with an eye on addressing benefits equity for their workforce.
Benefits |
Measuring the Impact of Financial Wellness Programs
It is challenging for plan sponsors to measure the effectiveness of financial wellness programs, but new approaches are being developed.
Benefits |
What Does Financial Wellness Mean to You?
People from various parts of the retirement industry share their definitions.
Benefits |
Financial Wellness By the Numbers
A review of how many recordkeepers are accommodating wellness offerings on their platforms, what kinds of programs are available and who is providing them.
Benefits |
How Plan Sponsors Can Offer Backdoor Roth Conversions
Is a strategy that allows high-earners to roll over some of their retirement money into a Roth account worth the administrative burden for plan sponsors?
Employers Grossly Overestimate Employee Well-Being, Annual Study Shows
Employees’ long-term job satisfaction has trended downward as the gap between employee and employer perception of well-being yawns wider, MetLife found.