Retirement Industry People Moves
Wagner Law Group appoints partner; PCS Retirement acquires ABGRM; and BNY Mellon announces new additions.
Latest News
Parties Reach Settlement Over Funding of St. Joseph Health Services Pension Plan
The lawsuit alleged that after the plan no longer qualified as a ‘church plan,’ it failed to be funded according to ERISA standards.
Products |
Securian Financial Offers Education Benefits to Retirement Plan Clients
In a partnership with BenefitEd, Securian is offering college savings and employer-assisted student loan repayment benefits, and more.
Marty Walsh Will Be Nominated as Secretary of Labor
Apart from potentially reversing course on fiduciary rule-related regulations, there are many other areas where sources suggest the next DOL Secretary could drive significant changes.
Data Provides Reasons for Encouraging the Offering of DB Plans
In addition to providing a secure source of retirement income for employees, a report shows benefit payments support the economy and contribute to job growth.
EEOC Issues Notices of Proposed Rulemaking on Wellness Program Rules
The action comes after much back and forth and legal action regarding incentives employers may provide employees to participate in wellness programs.
Sponsors Have Many Considerations as PEPs Hit the Market
Retirement plan experts offer advice to employers that are considering whether they should move to a pooled employer plan or stick with their single-employer plan.
Products |
The 401(k) Plan Co. Touts PEP as Alternative to CalSavers
The California 401(k) Plan offers higher contribution limits, a stable value fund that outperforms and Roth eligibility regardless of wage level versus CalSavers, an announcement says.
Another Fiduciary Breach Lawsuit Filed Against Allstate
The new complaint states that the Allstate defendants mishandled the process of picking the plan’s default target-date fund suite.
Benefits |
States Looking for Ways to Increase Access to Retirement Plans in 2021
More employers are also likely to offer automatic emergency savings, a Millennium Trust executive says.
Empower, Ascensus Acquire Recordkeeping Business of Truist
In addition, OneDigital has acquired the bank’s 401(k) investment advisory business.
‘Social Security Bridge’ Said to Be the Best Approach to Annuities
The Center for Retirement Research says this approach remains competitive for those at the 75th percentile of the wealth distribution.
Rethinking the 60/40 Portfolio
Defined benefit and defined contribution plan sponsors need to adjust the composition of the traditional 60/40 portfolio to meet plan and participant goals, experts say.
Revenue Sharing Affects DC Plan Participant Investment Choices, Research Suggests
Researchers found revenue-sharing funds are more likely to be added to plan investment menus and are less likely to be deleted, as well as that direct and indirect...
PBGC Announces Settlement to Benefit Multiemployer Pension Plan
The agency says the agreement delays the plan’s insolvency date and reduces the expected burden on its multiemployer plan insurance program.
TSA Consulting Group Joins USRBP
U.S. Retirement & Benefits Partners specializes in K-12, governmental, corporate and nonprofit retirement plans.
Benefits |
Congress Extends Time Employers Can Help Pay Employee Student Loans
It is expected that employers are now more likely to implement the tax-free payments toward employees' student loans.
Reducing DC Plan Costs During Financially Challenging Times
There are several options for changing benefits and shifting costs, and proper communications can help avoid participant backlash.
2021 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
Benefits |
Financial Wellness Programs Need to Include a Way to Measure Success
There are specific metrics that can be measured via data and employee and employer surveys.