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The funded status of the 100 largest corporate defined benefit pension plans improved by $4 billion in July, according to Milliman.

T. Rowe Price adds three hires for insurance business; MissionSquare appoints new leads to East field sales team; and Katten adds partner Meredith Sheldon O’Leary. 

The selected firm will provide technical and administrative expertise for the state auto-IRA program’s development, compliance and more.

The department asked for an extension lasting through October to consider its options in a federal case challenging the Biden-era regulation.

According to Hub International’s 2025 U.S. Workforce Vitality Gap Index, employers may have relied on incomplete data to improve their benefits and total rewards programs.

Focus is shifting to cybersecurity from cost-cutting as demands on spending change.

FlexPATH surpasses $100 billion in AUM; Manulife releases CQS Multi Asset Credit Fund; Goldman Sachs AM files for Stablecoin Reserve Fund; and more.

The changes concern premium rates, due dates and plan termination procedures.

The program continues to serve as a lifeline, despite its fiscal challenges. 

Students from the Harris School of Public Policy will offer their best solutions to improve the quality and sustainability of public pensions.

As case law continues to see mixed results, U.S. District Judge Max Cogburn Jr. ruled the plaintiffs’ claims may continue, in the process rejecting a ‘settlor capacity’ argument.

According to the retirement investment company, the move meets the evolving needs of plan sponsors and participants.

An EBRI study found 39% of health plan participants were unsure whether mental health services were covered in the same way as medical care.

The decision comes as the department plans to follow President Donald Trump’s executive order to ‘clarify’ its stance on use of the investments in defined contribution plans.  

The company is seeking to use proceeds from a pension reversion to pay down debt and avoid insolvency.

A federal judge in Virginia allowed ERISA claims to continue and ruled the plaintiffs may amend the complaint to fix an issue of standing.

The U.S. Chamber of Commerce, the ERISA Industry Committee and others filed an amicus brief stating that ‘speculative’ allegations should be dismissed.

Employers who adopt the plans in 2025 must notify their employees by September 1 and have the plans up and running by October 1.

The proposal would have repealed the protections offered in the Pension Protection Act of 2006.

While almost all nurses contribute to a defined contribution plan, only 56% were on track to meet savings goals, per Fidelity.