Settlement Reached in Insperity 401(k) Excessive Fee, Self-Dealing Suit
Among other things, the lawsuit accused Reliance Trust Co. of selecting funds for the plan that would benefit itself.
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Financial Wellness Program Trends Advance During Pandemic
Employers are offering help with emergency savings and debt, and employees are asking for more help with the selection of health and other benefits.
Products |
BPAS Offers Full DB Service Package
PensionEase combines actuarial benefit calculation services with participant and benefit distribution services.
Lawsuit Against Nestle Takes New Approach at Challenging Managed Account Fees
A prior lawsuit against its 401(k) plan recordkeeper and managed account provider was dismissed, with a federal judge saying any claim based on the allegedly excessive fee arrangement...
Social Security Announces COLA for 2021
In addition, the maximum amount of earnings subject to Social Security tax—used to determine the taxable wage base for permitted disparity in DC plan contributions—will increase.
COVID-19 Has Low Impact on Nonqualified Plan Design and Administration
A majority of plan sponsors reported no need to review their plans in response to the pandemic, and very few participants have requested emergency withdrawals, according to the...
Benefits |
Critical Illness, Disability Insurance Top of Mind During Open Enrollment
Participants also want help with financial wellness, paid leave and child care.
Benefits |
Navigating a Remote Open Enrollment Season
Content, delivery and personalization are factors in providing the best employee education and support possible this year.
DuPont Pension Plan Participants’ ERISA Lawsuit Dismissed
A federal district court judge again found no fiduciary acts occurred when a corporate restructuring resulted in DuPont being a subsidiary of a spinoff company.
Retirement Industry People Moves
Morgan Stanley acquires Eaton Vance; The Standard selects employee benefits lead; and Rebalance names retirement services VP.
Weaving Part-Time Employee Inclusion Into Retirement Plan Processes
The SECURE Act’s requirement to let part-time employees join 401(k)s demands a process for counting hours and creates opportunities to review other procedures.
Most Estimates Show DB Funded Status Declined in September
A decline in equity markets caused funded status to decrease during the month, and firms say DB plan sponsors should prepare for more market volatility through the end...
Lessons From a Rare ERISA Excessive Fee Suit Dismissal
The complexity of retirement plan lawsuits often makes district court judges reluctant to approve early dismissal motions plaintiffs, but Salesforce has succeeded in defeating a complaint alleging it...
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Investment Product and Service Launches
Wilmington Trust adds DocuSign to eVault program; Columbia Threadneedle announces Fixed Income successor; and TIAA grows variable annuity investment lineup.
Longevity Bound to Make Work a Requisite for Retirees
Experts say in the future, it may not be uncommon for people to work until age 70 or 80, requiring new thoughts about work, as well as finances.
Plaintiffs Abandon Their Lawsuit Over Principal CIT TDFs
The suit had alleged fiduciary breaches regarding the selection and monitoring of underlying investment options for collective investment trust TDFs offered in retirement plans.
Dismissal Ruling in Salesforce ERISA Litigation Rejects Overly Broad Arguments
The ruling states that actively managed mutual funds and share classes that include revenue sharing can have their place in prudently run retirement plans.
Supreme Court Refuses to Hear Lawsuit Over Prohibited Transactions Related to a GIC
Whether Principal acts as a fiduciary when setting the crediting rate for its GIC goes back to a federal district court to decide.
Benefits |
Strategies for Employers to Keep Health Benefit Costs Down in 2021
Companies anticipate volatility in this expense, yet they can mitigate increases without sacrificing benefits or putting the onus on participants.
Regular Contributions Help Participants Reach Higher 401(k) Account Balances
An EBRI and ICI report finds contributions were the top factor increasing balances, more so than benefits paid or investment returns.