Brenntag Settles Excessive Fee Lawsuit
The agreement is solely monetary and doesn’t include provisions to remedy the alleged breaches of the defendants.
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Managed Accounts Are Particularly Beneficial for Near-Retirees
With costs coming down and digital and robo-advice technology getting participants to share more personalized information, sources say managed accounts are poised to be adopted by more plan...
Retirement Industry People Moves
The Wagner Law Group selects attorney as ‘Of Counsel’; BlackRock hires head of sustainable investing platform; GW&K appoints several new partners; and more.
Q1 2021 Has DB Plan Sponsors Saying ‘What? Me? Worried?’
A boost in funded status and funding relief included in the American Rescue Plan Act have sponsors breathing a sigh of relief.
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HealthEquity to Acquire Provider of HSA and Benefit Administration Services
The HSA custodian says the acquisition will enhance its ability to drive growth with health plans and add to its Total Solution offering to help people connect their...
Interpreting Prudence and Loyalty Under ERISA
ERISA attorneys explain the meaning behind both terms and what plan fiduciaries can do to meet the requirements.
Vanguard Report Underscores the Power of Automatic Enrollment
Over time, 90% of participants who are automatically enrolled in their retirement plan increase their deferral rates, either through automatic escalation or on their own.
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Investment Product and Service Launches
Vanguard lowers fees for Target Retirement Trusts; State Street Global Advisors announces new bond ETF; Bernstein Research launches Alphalytics; and more.
IRS Reveals Retirement Plan Compliance Initiatives
The agency plans to examine worker classifications, RMDs in large DB plans and participant loans, as well as do a compliance check about partial plan termination and partial...
What to Know Before Adding an SDBA to Your Plan
Self-directed brokerage accounts offer a multitude of options to the hands-on investor, but there are pros and cons of allowing retirement plan participants to use them.
Near-Retirees Flummoxed by Social Security Benefits
Respondents to a survey by MassMutual revealed certain topics they have questions about.
PBGC Simplifies Withdrawal Liability Calculation for Multiemployer Pension Plans
The agency expects the changes will reduce actuarial fees paid by multiemployer plans, but it admits the simplified methods might not reduce the withdrawal liability assessed on employers.
HSAs Continue to Grow in Popularity
A Devenir report finds more employees are also investing their HSA assets.
Health Care Plan Selection Can Hamper Retirement Savings
Voya finds that HDHPs paired with HSAs are often a more optimal choice for participants than PPOs.
Settlement Details Published in Jander v. IBM
Prior to settlement, the long-running stock drop lawsuit received multiple appellate court rulings and consideration from the U.S. Supreme Court.
Wesco Distribution Faces Lawsuit Over Retirement Plan Services Fees
Among other things, the plaintiffs contend that prudent fiduciaries monitor and limit revenue sharing and make sure excessive indirect compensation is rebated to plan participants.
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Voya Enhances myHealthMoney Digital Assistant
The tool now includes personalized recommendations for health benefit decisions.
Judge Finds ERISA Claims Sufficient Against Coca-Cola Bottler
The case, which challenges the use of an actively managed TDF suite rather than its index version, will move forward.
In the Future, the Bias Will Likely Be for Annuities
For now, sources say there needs to be more education and a change of thought to help 401(k) plan sponsors and participants accept the income-generation value of annuities.
Retirement Industry People Moves
Loomis, Sayles & Company add leaders to ESG practice; The Standard hires retirement plan consultant; TPA Services VP joins Transamerica; and more.