News Archives | Page 228 of 2648

Benefits | August 3rd, 2020

EBRI Says CARES Act Distributions Could Have Lasting Consequences

The report highlights how a loan or distribution option under the CARES Act can affect employees.

Investing | August 3rd, 2020

Volatility Brings Focus on Sustainable Retirement Income

Participants are looking to their employers to offer a retirement income solution, while interest in ESG investing among retirement plan participants continues to increase.

Data and Research | August 3rd, 2020

Signs of Small Employer Recovery Seen in Survey Data

The effects of the coronavirus pandemic are still clearly being felt by small employers across the U.S., but many of those who earlier suspended retirement plan matches have...

Compliance | August 3rd, 2020

No ‘Earth-Shattering’ Retirement Proposals in Biden Platform

Building on Social Security and Medicare are key components of the presumptive Democratic presidential nominee’s promised agenda—though if Congress swings left in November, more progressive policies could emerge.

Data and Research | July 31st, 2020

Employees Not Sure What Social Security Will Offer

While many say they will depend on Social Security for retirement income, at least one study finds retirees are not getting as much as they expected.

Deals and People | July 31st, 2020

Retirement Industry People Moves

Franklin Templeton appoints head of U.S. distribution; Northwest Plan Services adds client services VP; and Accounts and sales director joins Capital Wealth Planning.

Investing | July 31st, 2020

Institutional Investment Returns Rebound in Second Quarter

Plan sponsors saw significant investment gains, with a median plan return of 10.6%, according to Northern Trust.

Compliance | July 31st, 2020

Federal Court Orders Millions of Dollars Restored to Connecticut Health and Retirement Plans

The decision follows an investigation by the DOL.

Investing | July 31st, 2020

Is It Time for the U.S. to Create a Sovereign Wealth Fund?

As the U.S. government looks for a cure-all amid the financial crisis, some experts are looking to a government-owned wealth fund as an answer.

Products | July 30th, 2020

iJoin Partners with EvoShare on Cash Back for Retirement Savings Program

Retirement savers can get a percentage of every dollar spent at partnered stores contributed to a 401(k), 529 plan or HSA.

Products | July 30th, 2020

Investment Product and Service Launches

SSGA adds new ESG ETF and Investment Metrics issues fee benchmarking solution.

Compliance | July 30th, 2020

Princeton Agrees to No Fee Increase, Among Other Things, in Lawsuit Settlement

What the settlement agreement calls ‘therapeutic relief’ also includes conducting an RFP process, creating rules for how often committees meet and reviewing TIAA’s participant loan program.

Compliance | July 29th, 2020

Revenue Sharing Questioned in New Quest Diagnostics Lawsuit

Among other arguments, the ERISA fiduciary breach complaint suggests fiduciaries “should not choose otherwise imprudent investments specifically to take advantage of revenue sharing.”

Compliance | July 29th, 2020

Settlement Reached in Lawsuit Alleging Imprudent Sale of ESOP Assets

ESOP plan committee and Republic Services defendants, as well as GreatBanc Trust Co., have agreed to a $7.9 million payment.

Administration | July 29th, 2020

CARES Act Special Considerations for 403(b) Plans

Participants invested in annuity contracts may face charges for distributions and limits on amounts they can take as a distribution or loan that they may not be aware...

Compliance | July 28th, 2020

8th Circuit Affirms Wells Fargo’s Win in Stock Drop Challenge

The plaintiffs failed twice to meet the so-called ‘Dudenhoeffer pleading standard’ before the U.S. District Court for the District of Minnesota, and now their appeal has been rejected...

Compliance | July 28th, 2020

VALIC Financial Advisors Charged With Disclosure Failures

The SEC says VALIC Financial Advisors failed to disclose to Florida teachers practices that generated millions of dollars in fees and other financial benefits for the firm.

Data and Research | July 28th, 2020