Parties File Settlement Agreement in MEP ERISA Lawsuit
The gross settlement amount tops $1 million, of which a third can be used to pay the plaintiffs’ attorneys’ fees.
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Biggest Investor Worries Are Inflation and Recession Risk
Investors put heavier weight on retirement income protection than financial professionals.
Lower Equity Values Pull DB Plans’ Funded Status Lower
Rising interest rates and higher discount rates reduced pension liabilities, but volatility continues.
Thrift Savings Plan Overhaul Moves Forward After Bumpy Launch
The retirement platform for federal employees got a fresh look on June 1, but it also brought fresh headaches to participants.
How Planning for Retirement Has Evolved
J.P. Morgan’s latest ‘Guide to Retirement’ examines the savings and spending patterns of today’s workers and retirees, and shows clearly that early savers have the best chance of...
Lawsuit Alleges $751K Retirement Account Theft
A plan participant saw her whole defined contribution retirement account balance vanish.
How Consistent 401(k) Participation Boosts Balances
The average 401(k) plan account balance for consistent participants rose meaningfully each year between 2010 and 2019, with the exception of a slight decline in 2018, according to...
Real Asset Allocations in Target-Date Funds
Real asset allocations are important for select plan participants.
Two-Thirds of Retirees Carry Major Financial Regrets
A new EBRI analysis shows retirees without major financial regrets tend to report substantially higher liquid financial assets, as expected, but there are ways to feel secure beyond...
Retirement Industry People Moves
First Trust Capital Partners acquires direct indexing firm; New York Life appoints head of retail annuities; Security Benefit appoints chief operating officer; and more.
Experts Analyze the Finalized Union Pension Relief Funding Framework
A handful of important changes were made this week to the Pension Benefit Guaranty Corporation’s Special Financial Assistance program for struggling union pensions.
Has Vesting Gotten Controversial?
Education and communication are key to getting plan sponsors and participants on the same page.
How the Great Resignation Is Impacting Plan Sponsors
Higher-than-usual turnover is affecting investment committees, benefits teams and service providers.
Fresh Excessive Fee ERISA Complaint Lodged Against 403(b) Plan
An educational institution is the latest to face a lawsuit alleging that plan fiduciaries breached their fiduciary duties to participants.
The State of Women and Investing
American Century and TIAA have announced partnerships with top athletes to bring awareness to the investing and income gap many women face.
Plan Participants Have Modest Retirement Expectations
Dreams of retiring to a warmer place are taking a backseat as participants’ expectations about life after work are tempered by inflation, other challenges.
Final Stressed Union Pension Assistance Rule Issued by PBGC
After months of operating on an interim basis, the Special Financial Assistance program for multiemployer pensions has been formally finalized within the Pension Benefit Guaranty Corporation.
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Morgan Stanley Launches Stock Purchase Plan Partnership With Carver Edison
The workplace retirement benefit can add an attractive option to a plan sponsor’s suite of solutions at a time when employers are looking to attract and retain talent.
Pace of Retirees Returning to Work Increases
A new report shows older workers’ wages are rising at the same time that more retired people are returning to work, but the gains are not necessarily sufficient...
ESG Integral to Defined Benefit Plans
According to a new Morningstar survey, institutional asset owners are in broad agreement that environmental, social and governance factors do not harm investment returns.