December Tops a Stellar Year for Corporate DB Plans
Experts predict another good year in 2022.
Latest News
Reframing Participant Communications Is Key for Plan Sponsors to Boost Retirement Savings
A panel of retirement researchers examined participant behaviors that can assist with or deter workers from achieving optimal savings outcomes.
Courts Expand on Rules Regarding the Protection of Retirement Plan Assets
Attorneys say the court opinions inform planning decisions in the cases of divorce or job changes.
What the 2022 Investment Markets May Bring
One prominent chief investment officer foresees a “tug of war between a good earnings tailwind and a modest valuation headwind,” likely resulting in substantial volatility for institutional investors.
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Transamerica Joins PEP-Alternative Market
The Transamerica Advantage Solution is being described by the firm as ‘a configurable retirement plan’ designed to be attractive to small employers.
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
A TIAA survey also found employees are more concerned about day-to-day finances than saving for retirement.
Finalized Form 5500 Changes Add Little to Plan Sponsors’ Responsibilities
While plan sponsors will need to ensure the form contains accurate data, many of the proposed changes to the 2021 Form 5500 were not finalized.
Retirement Industry People Moves
Faegre Drinker names benefits and executive compensation partner; Smart enters into agreement to acquire Stadion; MidAmerica joins USRBP; and more.
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Updated Participant Website Launched by Lincoln
In addition to increased functionality, the new online experience also features an online content hub with videos, articles and tools to help participants educate themselves.
Corporate DB Plans Thrived in 2021
Joseph Gamzon, with Willis Towers Watson, said many sponsors have better positioned their plans through investment allocation and settlement activity since 2008.
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Investment Product and Service Launches
Alger launches fund with ESG mandate; Security Benefit expands EliteDesigns variable annuity series; VERMEG adds new margin analytics capabilities with acquisition; and more.
New Defendants Added in Refiled ERISA Complaint
The text includes an extensive number of related allegations against the plan’s adviser and sponsor, including allegations that suggest the plan sponsor and adviser made imprudent investment decisions...
DOL Recovers Money for ESOP Participants
The Department of Labor ordered the former trustee to restore $8.4 million and plan fiduciaries to restore nearly $1 million to the ESOP.
Pacific Life Fined for Unlicensed PRT Business
A penalty was assessed after a New York State Department of Financial Services investigation uncovered violations of state insurance law.
NCPERS Proposes New Measure for Public Pension Sustainability
A study found pension debt is sustainable in all but five states, and NCPERS says sustainability valuation can be used on local government and individual plans.
Practical Implications of DOL’s Latest Private Equity Statement
The Department of Labor’s supplemental statement is a tonal shift rather than a substantive change that reflects the continuing courtship for defined contribution plans and private equity investments.
ESOP Sponsor Settles Allegations of ERISA Violations With the DOL
Mohawk Hospital Equipment will transfer $431,000 worth of stock to participants and pay a fine.
Private Equity in DC Plans Could Improve Retirement Savings Shortfalls
Research shows that replacing target-date fund equity allocations with private equity can boost retirement income adequacy for participants who have access to a plan and invest in a...
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Sequoia Launches Benchmarking Tool for Hybrid Workplaces
Employers can measure their total rewards and people practices against industry trends.
Considerations to Help DC Plan Sponsors Regroup for the New Year
Mercer says delving into participant data and keeping up with new product offerings, legislation and regulations can help plan sponsors improve their retirement programs in 2022.