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.
Latest News
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...
Products |
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.
How Will the PEP Market Develop in Early 2021?
One provider getting ready to launch a SECURE Act-enabled pooled employer plan on January 1 expects plan sponsor take-up to start slow but build significantly over time.
Supreme Court Asked to Review Sufficiency of Excessive Fee Imprudence Claims
In a case against Northwestern University, the petitioners ask whether allegations that a plan paid or charged its participants fees that exceeded fees for alternative available investment products...
Products |
Transamerica Debuts Student Loan Repayment Program
It enables sponsors to shift their benefits dollars to the retirement plan or to an employee’s student loan servicer.
Supreme Court Denies Review of PE Firm Withdrawal Liability Case
The denial lets stand an appellate court decision that two entities of Sun Capital Partners, which bought a firm that withdrew from a multiemployer plan, are not liable...
ESG As a Fiduciary Consideration
Industry professionals highlight the importance of implementing environmental, social and governance strategies, and explain how the investments connect to a plan sponsor’s fiduciary duty.
IRS Issues Final Rule on Default Withholding for Periodic Payments
For 2021, the default rate of withholding for certain periodic retirement and annuity payments will remain the same as it was prior to the Tax Cuts and Jobs...
Abbott Defendants Dismissed From Retirement Plan Cybersecurity Lawsuit
However, a federal judge did not dismiss claims against the recordkeeper for the Abbott Laboratories Stock Retirement Plan.
TriNet Latest to Face Familiar Fiduciary Breach Allegations
Yet another piece of ERISA litigation has been filed by the law firm Capozzi Adler, this one following the same template as the numerous other complaints filed by...
Retirement Industry People Moves
Nova 401(k) Associates names new attorney and consultant; Lockton Pacific adds employee benefits VP and producer; and CC Capital and Motive acquire Wilshire Associates.
An Overview of, and How to Assess, Retirement Income Options
A look at the in-plan, out-of-plan, insured and investment options available.