Recent Acts Will Require Plan Amendments
Retirement plan sponsors will need to be aware of select modifications depending on their plan type, as well as key deadlines to follow.
Latest News
Lower Interest Rates Foil Market Rally Impact on DB Plan Funded Status
Firms that monitor DB plan funded status say it is uncertain whether Congress will offer additional funding relief; many plans will likely face lower funded status in 2020.
More ERISA Plaintiffs Challenge Use of Active TDF Suit
A new lawsuit claims the defendants failed to compare the merits of active and index target-date fund suites managed by Fidelity.
Retirement Industry People Moves
NFP acquires multidisciplinary insurance broker; Principal Financial Group announces new customer experience lead; NWPS announces rebranding after numerous acquisitions; and more.
Stimulus Bill Projections May Impact Long-Term Savings
As both Senate and House proposals would pump trillions of dollars into the economy to aid staggering unemployment figures, concerns of possible inflation years down the line have...
District Court Says ‘Actuarial Equivalence’ ERISA Challenge Can Proceed
A previous ruling was handed down in the case in January, when the parties were given an opportunity to submit supplemental briefings as to the meaning of ‘actuarial...
Products |
Lively Brings Personalized Investment Guidance to its HSA
The new feature is powered by Devenir.
Products |
Ascensus Creates Mobile Retirement Savings App
The READYSAVE app will leverage behavioral prompts to drive better outcomes.
Products |
ICMA-RC Offers Virtual Financial Planning Services to Plan Participants
The move will expand the availability of the firm’s Certified Financial Planners to working and retired participants.
Products |
Nationwide to Waive Fees for New Retirement Plan Clients in 2020
The goal is to help sponsors address COVID-19’s impact.
Products |
Investment Product and Service Launches
ISS ESG releases new ESG fund rating and EPIC Retirement releases managed account feature to service providers.
DOL Fiduciary Rule Debate Continues in Public Comments
Some argue the fiduciary proposal is being rushed, while others broadly support the Department of Labor’s aim to align its regulations with the Securities and Exchange Commission.
Unemployed Older Workers May Not Be Able to Find New Jobs
Retirement Equity Lab says nearly 3 million older workers, those between the ages of 55 and 70, have left the labor force since March.
Musician Union Pension Benefit Cut Likely to Be Denied
The financial hardship faced by the American Federation of Musicians and Employers’ Pension Fund is characteristic of a broader problem—one that Congress is divided on how to address.
DOL’s Proposed ESG Restrictions Panned in Public Comments
The clear trend among investment managers, retirement industry professionals and members of the public is skepticism about the need for the proposed environmental, social and governance (ESG) investing...
Reaching K-12 403(b) Plan Participants During the Pandemic
School districts will find that advisers who normally camp out in the cafeteria or teachers’ lounge are striving to continue educating participants in creative ways.
Edward Jones and Age Wave Introduce the New Four Pillars of Retirement
The ideas explain what retirees are focusing on after the workforce and as they enter the next chapter.
$10M Settlement Reached in NRECA ERISA Litigation
Beyond the cash reimbursement to the plan, the settlement requires regular fee studies and a recordkeeping RFP process at least once every six years.
Participants Maxing Out Their 401(k) Remain Confident
But those who fall short on saving are experiencing financial stress.
Benefits |
Employee Engagement Strategy Greatly Increases Benefit Usage, Including HSAs
Fidelity Investments reports the more an employer communicates with workers on benefits, the likelier they are to use them.