Reducing the Number of External Asset Managers Could Cut Costs for Public Pensions
However, researchers find that to maintain the best after-fee returns, pensions should carefully consider which managers to eliminate.
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Plan Start-Up Fees Waived by ShareBuilder 401k
Plans set up in December can also include an initial 401(k) contribution from the business owner.
Reasons to Offer a Mix of Passive and Active Investments in DC Plans
Investment experts say it provides diversification and the potential for better outcomes, and it can provide fiduciary protection for plan sponsors.
Benefits |
Pandemic Lowers Employer Health Care Costs for First Time in Decades
It’s uncertain what will happen with costs going forward, however.
2021 Plan Sponsor of the Year Nominations Are Open
Nominations may be made by providers, advisers, consultants, actuaries, attorneys, third-party administrators (TPAs), employees and colleagues, or, you can even nominate yourself.
ERISA Fiduciary Breach Complaint Targets Coca-Cola Bottler
The plaintiffs in the case are represented by the increasingly well-known law firm Capozzi Adler, which has in the past several years filed an extensive number of ERISA...
Judge Certifies Sizable Class in Lawsuit Over TIAA’s Retirement Plan Loan Program
The lawsuit alleges TIAA kept some of the interest participants paid on loans from their retirement plans, which it says ‘is the epitome of self-dealing.’
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Transamerica Partners With Aegon on Streamlined DB Solution
Called Transamerica DB Complete, it aims to bring together all aspects of managing a defined benefit plan.
Abbott Brought Back Into Retirement Plan Cybersecurity Lawsuit
Previously dismissed from the lawsuit, Abbott is accused in an amended complaint of failing to monitor its recordkeeper and failing to enforce a security question routine on its...
The Basics of Terminating a DC Plan
From updating the plan with statutory amendments to filing the final Form 5500, there are many details to attend to when terminating a defined contribution plan.
Retirement Industry People Moves
Strategic Benefits Advisors hires leader of DB administration team and Nationwide hires chief data officer.
COVID-19 and Biden Policy Could Intertwine to Affect DB Plan Funding
The future health and political landscape could make a big difference on assumptions used for calculations and defined benefit plan funding policy.
Benefits |
Financial Wellness Programs Should Be Customized for Women
Interrupted careers, greater longevity and other factors call for unique help for women in employer financial wellness programs, a paper from the Retirement Advisor Council suggests.
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Nationwide New Business Fee Waiver Extended Through March
The firm is also offering plan participants a 90-day trial period of its managed account solution.
$17.5M Settlement Reached Over ‘Too Conservative’ Plan Investments
The plan’s investment policy statement allegedly called for 70% of the plan’s assets to be allocated into domestic fixed income options and 30% to be put into equities.
Bath and Body Works Parent Company Sued for 401(k) Plan Excessive Fees
The lawsuit against L Brands says recordkeeping and investment fees were excessive and fiduciaries failed to use the lowest-cost share class of funds.
Effect of the Biden Administration on Health and Retirement Benefits
Health and retirement benefit plan sponsors will likely see efforts to reduce health costs for Americans and a rolling back of current administration efforts, especially on ESG investing.
Benefits |
Experience and Expectations Show the Need for More Flexible Benefits
The effect of the COVID-19 pandemic on employees creates a need for more flexible leave and PTO policies, caregiving support, and health and well-being benefits, according to Mercer...
IRS Modifies CARES Act Due Date for DB Plan Contributions
The extended due date for contributions could help plan sponsors reduce PBGC variable rate premiums.
COVID-19 Driving Keen Interest in Financial Wellness Programs
The programs proved to be quite effective in allaying retirement plan participants’ fears about market volatility.