The 50 largest Northern Trust Asset Management plan sponsors are using auto-escalation to boost savings, but they are not focused on retirement income or decumulation options for plan...
Answering participants’ sustainable investing questions starts with a framework for helping individuals understand environmental, social and governance investing, a benefits consultant suggests.
Lincoln Financial Group names workplace solutions head; T. Rowe Price adds two senior executives to its institutional DC business; new attorney joins The Wagner Law Group; and more.
Among large employers that responded to a Mercer survey, 11% offer free employee-only coverage in at least one medical plan option and another 11% are considering it.
The complaint alleges that an imprudent fiduciary process resulted in the selection and maintenance of several funds in the plan that ‘wasted assets because of unnecessary costs.’
Similar to the shift from defined benefit to defined contribution retirement plans, employees and retirees now need a plan for addressing health care costs.
According to an SEC announcement, Equitable gave investors the false impression that their quarterly account statements listed all fees paid during the period.
The defendants contest their process ensures that any fees paid by participants are reasonable and all services and investment offerings are in the best interests of the participants.
Solvency issues tend to be much less of a concern for people already living in retirement than they are for people who are on the cusp of retirement...