Aon Hewitt and Lowe’s 401(k) Participant Fail to Reach Settlement
Court documents did not specify the status of negotiations with defendant Lowe’s Cos., but claims against Aon Hewitt Investment Consulting will move forward.
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Biden Asks DOL to Consider Rescinding Last ESG Rule
The president appears to want to pave the way for more ESG investing in retirement plans.
Lengthy Self-Dealing Lawsuit Filed Against State Street
The complaint alleges that many of the funds offered by State Street in its staff retirement plan were selected and retained because the defendants benefited financially from their...
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Wage Access Provider Offers Employer Emergency Savings Program
Savings are directly deposited from employees’ paychecks into a checking account, and employers can incentivize employees by offering a high annual percentage yield for a certain amount saved.
ERISA Complaint Targets Caesars, Russell Investments
The case includes various allegations of self-dealing and fiduciary imprudence and disloyalty discretionary investment management services provided by Russell Investments to Caesars Entertainment.
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FPS, iJoin Streamline Rollovers from 401(k)s to IRAs
The automated service is for accounts that have $5,000 or less.
Preparing for the Multigenerational Workforce
As younger workers start their careers, employers may need to reorganize benefits to appeal to a wider net of employees.
Benefits |
The Future of Public DC Programs Includes a Focus on Financial Wellness
The pandemic and new data are highlighting the need for more financial wellness help, as well as assistance with asset allocation and retirement income.
How to Get Participants to Really Think Twice About Early Withdrawals
Educating participants and offering them guidance on rollovers can substantially reduce loans, hardship withdrawals and cash-outs, experts say.
Settlement in Columbia University ERISA Case Includes Non-Monetary Provisions
The university has agreed to request competitive bids for administrative services in the next three to four years and maintain the lowest share class of plan investments, among...
Retirement Industry People Moves
Principal announces new hires in retirement and income solutions; LCG Associates promotes senior consultant to COO; LeafHouse announces new CIO; and more.
Plan Progress: Lessons from Litigation
Experts in a recent PLANSPONSOR webinar reviewed recent retirement plan litigation and what lessons plan sponsors can from cases and trends.
Bill Would Clear a Surer Path for Plans to Offer ESG Funds
After a year of alternating decisions related to ESG investing, the proposal would amend ERISA to make it clear that workplace retirement plans can choose to consider such...
The DOL’s Cybersecurity Guidance in Practice
Experts share insights about implementing the guidance and warn that plan sponsors can expect investigations from the agency now that there are guidelines.
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Investment Product and Service Launches
NTAM announces new ESG score; Vanguard expands access to private equity; and MSCI builds private infrastructure modeling service.
You’ve Overpaid Retirement Benefits to a Participant … Now What?
Overpayments are more common than many sponsors think; they should understand the steps they can take to get the money back.
New York Secure Choice Savings Program Could Become Automatic
A proposal passed by a wide margin in the New York State Assembly would ensure that private-sector employees are automatically enrolled into the Secure Choice Savings Program, and...
Employees More Engaged With HSAs Over the Past Year
More employees contributed to health savings accounts, and employees increased contributions to their HSAs in 2020, according to Bank of America data.
Trio of Senators Introduces Retirement Reform Bill
The Improving Access to Retirement Savings Act parallels, but does not exactly match, the Securing a Strong Retirement Act, a piece of legislation which was recently advanced out...