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The suit had charged the Navy defense contractor with selecting mutual funds with an average expense ratio of 0.81% when funds costing 0.41% were available.

In addition to a $14 million payment, the defendants agreed to retain an independent third-party investment consultant to review investment options in the plan, among other things.

Forty-seven percent of DC plan participants say the pandemic has had an adverse effect on their retirement savings.

State Street Global Advisers CIO announces retirement; John Hancock Retirement selects CEO for retirement and recordkeeping business; Morningstar selects managing director; and more.

Not only do they build employees’ wealth at a faster rate than retirement plans, but they contribute to business performance and resilience.

Aon says its newly revealed plan to sell its U.S. retirement business to Aquiline Partners is in part meant to address antitrust concerns related to its own merger...

Plan sponsors are also feeling a sense of responsibility in offering guaranteed lifetime income products.

MSCI new framework to evaluate decarbonization targets and Vanguard announces upcoming changes for dividend funds.

DCIIA hopes its new retirement income glossary will help sponsors ask important questions, such as, “Do we want to keep retirees in the plan?”

It would allow retirement plan participants and IRA holders to take money out of their accounts tax-free.

The lawsuit had accused the company of making imprudent investment choices.

The Supreme Court’s review could answer the question of what qualifies as a plausible claim for relief in DC plan excessive investment and recordkeeping fee suits.

New data published by the Employee Benefit Research Institute offers a few answers.

Helping DC plan participants create retirement income starts with the savings experience and includes using technology to offer customization opportunities, as well as non-guaranteed and guaranteed investments.

T. Rowe Price announces fee reductions on TDFs and trusts; ICMA-RC details new updates to its managed accounts platform; Northern Trust updates workflow tool; and more.

The activity of TDFs contrasted with that of other mutual funds, while CITs increased market share of target-date strategies.

Court documents did not specify the status of negotiations with defendant Lowe’s Cos., but claims against Aon Hewitt Investment Consulting will move forward.

The president appears to want to pave the way for more ESG investing in retirement plans.

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...