News Archives | Page 236 of 2648

Investing | June 4th, 2020

The Next Evolution in 403(b) Plans: Investments

While 403(b) plans have made great strides, lifting restrictions on the types of investments the plans can offer and considering more diverse investment types could further improve participant...

Products | June 3rd, 2020

Club Vita Longevity Analytics Integrated With DB Plan Valuation Software

The partnership enables WinTech’s users to seamlessly use Club Vita’s personalized suite of survival tables.

Compliance | June 3rd, 2020

IRS Allows for Remote Retirement Plan Participant Elections

The temporary relief is for retirement plan participant elections required to be witnessed by a plan representative or a notary public, including a spousal consent.

Compliance | June 3rd, 2020

5th Circuit Affirms Lower Court’s Rejection of Phillips 66 ERISA Challenge

Like the district court ruling in the case, the appeals court says the plaintiffs have failed to adequately state an actionable claim against the downstream oil and gas...

Compliance | June 3rd, 2020

DOL Sanctions Use of Private Equity in Asset Allocation Funds in DC Plans

An Information Letter addresses concerns with offering private equity in DC plans with five paragraphs detailing considerations for plan fiduciaries in evaluating and monitoring the investments.

Data and Research | June 2nd, 2020

COVID-19 Has Made the Retirement System Weaker

A working paper discusses how the pandemic has affected retirement plans and what needs to be done for the retirement system to emerge stronger.

Compliance | June 2nd, 2020

Can the DOL Effectively Police Pension Fiduciary Breaches Alone?

One attorney suggests the Supreme Court’s opinion in Thole v. U.S. Bank ‘pushes the ability of participants in a defined benefit pension to file suit practically to extinction,’...

Products | June 2nd, 2020

BCG Unveils Customized Buyout Price Monitoring Service

The firm is also introducing a new corporate brand and website.

Compliance | June 1st, 2020

Parties in Emory University 403(b) Plan Lawsuit File Settlement Agreement

In addition to paying $16.75 million, the settlement agreement calls for a review of investments and a recordkeeping request for proposals.

Compliance | June 1st, 2020

Has the Supreme Court ‘Gutted’ ERISA Protections for Pensioners?

Plaintiffs’ attorneys, bemoaning the new Supreme Court ruling in Thole v. U.S. Bank, say participants in defined benefit plans are essentially left with no way to challenge or...

Compliance | June 1st, 2020

IRS Provides Additional Deadline Relief to Plan Sponsors

Deadlines have been moved for single-employer and multiemployer DB plans and 403(b) plans, among others.

Compliance | June 1st, 2020

Supreme Court Decision in Thole v. U.S. Bank Has Major Implications for Pensions

The ruling effectively establishes that individual pension plan participants cannot sue their employer for a fiduciary breach if their own benefit has not been cut or otherwise altered.

Investing | June 1st, 2020

Pandemic Shines a New Light on Climate Change and ESG Investing

The COVID-19 crisis is showing plan sponsors how corporate behaviors affect the environment and that encouraging positive ones with investment dollars can benefit participants as well.

Deals and People | May 29th, 2020

Retirement Industry People Moves

TRA adds newest regional sales consultant; Mercer selects responsible investment leaders; Newport acquires TPA business at Huntington National Bank; and more.

Compliance | May 29th, 2020

Plan Sponsor, Provider Sued for Adding Untested CITs to 401(k)

The 92-page complaint includes a number of other allegations, including that the plan sponsor was motivated by its relationship with the provider for its defined benefit plans.

Compliance | May 29th, 2020

Court Finds Plan Sponsor Could Be Found Liable for Retirement Plan Cyberfraud

The plan sponsor had sued plan providers, but the providers in a counterclaim said the plan sponsor was equally liable.

Benefits | May 28th, 2020

Alternatives to Cutting HSA Contributions

Considerations for plan sponsors that need to cut costs but would rather avoid taking away benefits.

Compliance | May 28th, 2020

Land O’ Lakes Faces 401(k) Excessive Fee Suit

The lawsuit also questions a fee arrangement between the plan’s recordkeeper and an advice provider.

Compliance | May 28th, 2020

Hopes Remain High for Portman-Cardin Bill

Fresh off the recent success of their push for a default electronic disclosure rule, retirement industry lobbyists are turning their attention back to a popular bipartisan bill introduced...

Investing | May 28th, 2020

Rethinking Portfolio Strategies for DB Plans

What strategies should plan sponsors consider for reaching their goals in the new market environment?

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