Transamerica Agrees to Settle ERISA Suit
The settlement agreement includes both a $5.4 million payment and non-monetary relief.
Latest News
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Investment Product and Service Launches
Nationwide partners with AB to offer in-plan income guarantees; Voya’s new stable value solution offers manager diversity; Bloomberg and MSCI launch emerging markets ESG index suite; and more.
PSNC 2021: In-Plan Guaranteed Income: Will the SECURE Act spark a transformation of the 401(k) industry?
A PSNC session explored participant demand for retirement income, the types of guaranteed solutions available and a process for evaluation and implementation.
Court Finds Executive Made a Valid Claim for SERP Benefits
A judge found that an email requesting information about obtaining benefits constituted a ‘written request’ as required by the plan document and that Nissan didn’t respond within the...
PSNC 2021: How Outsourcing Fits into Your Plan Administration
Today’s recordkeepers, advisers and plan sponsors all view outsourcing as part and parcel of a retirement plan’s day-to-day operations.
PSNC 2021: The Modern DC Plan Investment Lineup
The time is now for retirement plans to view their participants as investors deserving high-touch, personalized retirement income assistance.
House Education and Labor Committee Debates SECURE 2.0
Another House committee has held a hearing on the popular ‘SECURE 2.0’ legislation, setting the stage for a full floor debate and potential bipartisan vote.
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BPAS and MP Partner on Integrated Technology Solutions
The new partnership is said to eliminate manual uploads, reduce data entry errors and protect data integrity.
Judge Agrees Pension Communication Was Not Clear
A former participant in DuPont’s DB plan claimed that confusing benefit statements caused him to miss out on years of payments.
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Bank of America Launches Digital Investment Advisory Program
The Personal Retirement Strategy program includes a dual 3(21)/3(38) solution for retirement plan sponsors.
PSNC 2021: Washington Update: Your Regulatory and Legislative Questions Answered
Leading ERISA attorneys and retirement plan policy experts discuss what regulations need to be addressed in 2021.
PSNC 2021: Fiduciary Mistakes to Avoid
ERISA attorneys advised plan sponsors to shore up their cybersecurity efforts and continue regular benchmarking work.
Company Stock Down, But Not Out
The lion’s share of DC assets are in TDFs via QDIAs—but HR execs still view company stock as valuable for executives and rank-and-file workers.
PSNC 2021: What to Expect From Provider Relationships
Industry experts discussed how to work with providers to ensure success for your plan.
Benefits |
Plan Progress: Building an Effective Financial Wellness Program
The best programs include financial coaching, including one-on-one sessions, and are appealing to employees, experts say.
Retirement Industry People Moves
PBGC appoints new chief policy officer; OneAmerica selects RM leaders; and former Faegre Drinker attorney rejoins firm.
ACA Ruling Signifies Relief for Employers
But future expansions of the law could have plan sponsors reconsidering their benefits offerings, experts say.
Benefits |
Pandemic Has Brought Need for Financial Wellness to a Head
Even before the COVID-19 pandemic hit the U.S. in February 2020, 52% of employees felt stressed, according to a PLANSPONSOR webinar.
DB Plan Sponsors Don’t Have to Fear Investing in Real Assets
They can reduce volatility and provide higher returns than other assets, and cash flow needs can be still be managed while using these generally illiquid investments.
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Investment Product and Service Launches
Dimensional Fund Advisors converts several mutual funds into active ETFs and Investment Metrics launches factor analysis platform.