Using funding relief to lower contributions to DB plans can increase PBGC premiums and get those plan sponsors that are moving toward pension risk transfer off track.
The plaintiffs argue the $500 million retirement plan’s fiduciaries failed to leverage the plan’s substantial bargaining power to benefit participants and beneficiaries.
As the retirement plan industry looks ahead to the coming year, financial wellness is increasingly seen as a critical solution to help workers and retirees meet their goals.
Eighty-one percent of respondents to a survey indicate they are at least somewhat likely to prefer a retirement plan that substitutes guaranteed income for safe investments such as...
The vast majority of employees say they would feel more invested in staying with their employer if it offered tailored financial benefits that meet their evolving needs.
Among other things, the RISE Act would encourage retirement savings by allowing plan sponsors to offer small financial incentives to motivate employee participation.
North Pier adds senior consultant in Chicago; Natixis Investment Managers hires head of retirement and institutional business; and Mesirow appoints managing director to oversee structured debt.
Dimensional lists four fixed-income ETFs; Vontobel rolls out fixed-income strategies in the U.S.; Fidelity launches Guaranteed Income Direct; and more.
The judge said he found deficiencies in their claims of imprudence and disloyalty related to certain investments and fees and is giving them time to correct the issues.
Issuers of fiduciary liability insurance are paying close attention to the glut of lawsuits filed in recent years against plan sponsors and fiduciary service providers—and they don’t like...
Both Transamerica and Fidelity this week announced new collaborations aimed at supporting clients interested in collective approaches to managing their retirement plans.
Employers can outsource 401(k) plan administration and fiduciary risk through the firm’s partnerships with select TPAs and 3(38) investment management providers.