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The department made the determination in its first advisory opinion of the year, issued by the Employee Benefits Security Administration, but did not rule on all factual questions.

The group is calling for the SEC to restore ‘fairness and dignity in retirement savings.’

As a result, the defendant will amend its employee stock ownership plan to require more comprehensive reviews of investment performance, according to the filing.

Cliffwater names Sean Murray as head of retirement solutions; Greg Jenkins joins GSAM institutional DC team; SEC Deputy Director of Enforcement Jason Burt concludes tenure; and more.

While the Department of Labor estimated a $178 billion inflow to target-date funds based on its proposed safe harbor, plan sponsors seem lukewarm so far.

The Department of Labor’s $178 billion-per-year estimate would mean private assets make up nearly 3.7% of target-date funds, the dominant investment in defined contribution plans.

Experts shared mixed forecasts of the speed of adoption of private market assets in defined contribution retirement plans.

Nationwide launches health care cost control tool; Congruent, Manifest combine retirement account rollover capabilities; SEI, Carlyle partner on private market offerings; and more.

The order calls for the Department of the Treasury to launch TrumpIRA.gov by January 1, 2027, and promote awareness of the Saver’s Match.

The firm projected the plan would add between $635 billion and $983 billion in retirement saving under baseline scenarios.

Americans’ retirement nest egg grew by 11% last year and reached a new record total.

The department said the sessions will offer employers, workers and other stakeholders insights into federal laws concerning workplace issues.

A new MetLife poll found employers support policies that promote guaranteed income.

A new amicus brief argues that an appeals court standard could block workers from challenging risky retirement investments.

The 100 largest public defined benefit plans in the U.S. lost 3.5% on their investments in March, sending funded ratios sharply lower, according to Milliman. 

The Securities and Exchange Commission is seeking public comment on a review of its Consolidated Audit Trail.

The government has previously welcomed industry insight on other aspects of the newly established investment vehicles.

According to regulators, the firm failed to enforce cybersecurity controls, exposing the personal data of about 77,000 customers.

Experts identified key actions health benefit plan sponsors should consider with respect to pharmacy benefit managers.

The Department of Labor has supported employers in a separate case concerning deferred compensation.