A Pro-ESG Framework That Could Finally Stick
Now that industry experts have had some time to digest the DOL’s new proposal regarding the use of ESG investment factors by retirement plan fiduciaries, many seem to...
Latest News
Fund Fees Continue to Decline
Fees fell for active as well as passive funds in 2020, but investors pay more for sustainable investments than traditional ones, Morningstar has found.
Walgreen Co. Gets Rid of TDFs in Lawsuit Settlement
In addition to confirming the removal of challenged target-date funds, the defendants in the suit have agreed to a payment of $13.75 million.
Older Participants Are Increasing Exposure to TDFs
EBRI and ICI research finds the largest net movement toward target-date fund use over the period studied occurred among consistent 401(k) participants ages 40 and older.
Deemed Distributions Can Be Triggered by More Than Just Loan Nonpayment
The IRS reminds retirement plan sponsors of rules that, if broken, can result in loan amounts being deemed distributions.
Who’s Still Working For You?: Plan Sponsor Council of America
In a series of articles, PLANSPONSOR is checking in with industry groups to see what work they have done, and will do, for retirement and health plan sponsors...
Retirement Industry People Moves
PGIM Fixed Income announces new head of municipal bonds; Charles Schwab announces new president; Insight Investment names head of solution design for North America; and more.
IRS Addresses Labor Shortages With FAQs About Rehiring Retirees
The agency has issued two FAQ documents addressing pension plan rules when rehiring retirees and says federal departments are holding webinars to address staff shortages in public school...
Another Lawsuit Challenges Plan’s Use of Asset Allocation Service
Among other things, the plaintiffs allege the GoalMaker service disfavored funds in the plan’s investment menu that did not pay kickbacks to Prudential.
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Investment Product and Service Launches
ProShares launches first U.S. Bitcoin-linked ETF; Pacific Life introduces defined outcome funds with variable annuities; and Nationwide, Capital Group introduce new TDF.
The Problem of ‘Narrow Framing,’ and Its Impact on Retirement
Shlomo Benartzi, professor emeritus at the University of California, says giving employees a holistic view of their financial lives helps them effectively allocate income.
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BPAS Introduces New Tool to Prevent Benefit Account Fraud
The BPAStify tool uses a live video identity verification process.
Plaintiffs Ask Supreme Court to Take Up Case Against CalSavers
They say ERISA pre-empts the state-run retirement program, therefore invalidating it, but that argument has been previously rejected by both an appellate and a district court.
Participants Missing the Full Match Remains a Big Problem
A new survey shows there are several reasons employees decide not to contribute to their retirement plans.
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Transamerica Offers Individual Coverage Health Reimbursement Accounts
The benefit offers more flexibility for employees and employers, a survey finds.
Parties in Church Plan Lawsuit Finally Get Preliminary Approval of Settlement
A judge found the interests of a subclass of terminated, vested participants were adequately protected in a newly proposed settlement.
Judge Finds Separation Agreement Precludes ERISA Suit
A court found the terms of the agreement were broad enough to reject the plaintiff’s argument that he should be able to sue because his claims belong to,...
Court Addresses ERISA Coverage of Voluntary Benefit
A court found an employer ‘contributed’ to a supplemental AD&D policy by paying for basic AD&D insurance and that it ‘established’ the plan by negotiating terms with the...
Benefits |
2021 HSA Review: Understanding and Communicating About HSAs
Understanding how health savings accounts work is key to being able to communicate about them to employees and avoid misconceptions.
New Financial Audit Rule Increases Requirements for Plan Sponsors
Plan sponsors will be required to provide much more data, as well as certifications about plan administration and governance, and limited-scope audits will no longer be so limited.