$3.5M Settlement Reached in Coca-Cola Consolidated ERISA Suit
The settlement also includes ‘meaningful non-monetary relief’ related to the ongoing management and administration of the company’s defined contribution plan.
Latest News
Comfort With Annuities Could Help With Spending in Retirement
One study finds few participants are likely to annuitize their retirement savings, while another suggests those who take a withdrawal deplete their funds in an average of five...
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Betterment Expands Financial Wellness Package
Along with launching its new Student Loan Management solution, the firm will give customers the opportunity to offer a college savings plan in the future.
Finances, Student Loan Debt Putting a Strain on Employees
Employers should provide financial wellness programs that continuously engage employees, as employee stress has increased, especially among younger generations dealing with student loan debt.
The Role of Stable Value Funds as QDIAs or Otherwise
Though stable value funds might not be appropriate as the qualified default investment alternative for a defined contribution plan, they have an important role to play in retirement...
Why Have Balanced Funds Been Given the Short Shrift?
Their performance only matches that of TDFs for a certain age cohort, but there are other circumstances for which they might be considered a good QDIA fit.
QDIA Basics
What plan sponsors need to know about qualified default investment alternative rules and how to select the appropriate one for their employees.
Considerations for Tweaking the Investment Menu for Older Participants
Participants approaching retirement and those who decide to remain in the plan need additional choices and can benefit from assets that aren’t correlated to equities.
Auto Re-enroll Bill Seeks to Improve Workers’ Long-Term Financial Stability
The bill would encourage plan sponsors to re-enroll nonparticipants at least once every three years.
Council Reports Some Concerns About Brokerage Windows
However, it concluded that the costs outweigh the benefits of additional regulations, except in the case of ‘brokerage window only’ plans.
Benefits |
Plan Progress Webinar: How to Increase Employees’ Financial Wellness
Robust financial wellness programming can distinguish an employer, serve as a retention tool, provide a competitive edge, and lower labor costs by bolstering employees’ retirement readiness.
Recordkeeping Fee Suit Questions Revenue Sharing Arrangement
In addition to naming the company as a defendant, the lawsuit also targets members of the board of directors, as well as other officers of the firm.
Retirement Industry People Moves
Alerus adds senior retirement specialist; HSA Bank acquires HSA solutions provider; Innocap to acquire BNY Mellon’s HedgeMark business; and more.
Multiemployer Plans Overall in Good Shape
The majority of plans are at least 80% funded, and even those in critical and declining status are expected to see improvement with the Special Financial Assistance approved...
The Process for Issuing RMDs When Participants Are ‘Missing’
Failing to issue required minimum distributions can be costly, so sponsors must follow exact steps from the IRS and DOL to locate missing participants.
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Investment Product and Service Launches
Retirement Plan Advisors expands solutions to include adviser managed accounts; State Street Global Advisors announces high-yield debt ETF; Morningstar and Hueler offer integrated lifetime income service; and more.
Managing Participants’ Interest in Guaranteed Lifetime Income Investments
The number of U.S. workers who are open to putting money into investments that guarantee a portion of retirement income fell in 2021 from the previous year, a...
Tactics to Avoid Failing Nondiscrimination Testing
Plan sponsors should consider the trade-offs involved between the costs of funding safe harbor contributions and the corrective actions that result from failing the tests.
Industry Support Voiced for LIFE Act’s Introduction in House
Financial services companies and retirement plan industry advocacy groups are rallying behind the legislation, which would allow plan sponsors to utilize default investments that include an annuity component.
Institutional Investors See Strong Returns in 2021
Public funds bested corporate funds thanks to higher equity allocations.