The lawsuit suggested the fiduciaries of the plan breached their ERISA duties by authorizing the plan to pay unreasonably high fees for recordkeeping, among other allegations.
The employee says Hyatt Corp.’s policy to only pay tips in cash violated the terms of the plan, per its definition of compensation for elective deferrals.
During a recent hearing, members of the Financial Literacy and Education Commission discussed the interplay of climate change and crypto assets on the financial wellness of everyday Americans.
In a new issue brief, the American Academy of Actuaries explains four categories of plan design features that might affect retirement outcomes, depending on the participant.
An ICI survey also found defined contribution plan participants want to maintain control of their investments. Fortunately, most plans offer guardrails for those that would harm themselves by...
The lead regulator of employer-sponsored retirement plans says cryptocurrencies and other digital assets are subject to a variety of issues that make them untenable—at least at this stage—for...
The agency’s notice of amendments pertains to prohibited transaction exemptions related to non-convertible debt securities, commercial paper and securities lending transactions.
Pension risk transfers could leave a sizeable group of active participants under a plan sponsor’s responsibility, but there are strategies to target this group.