Early Retirement Increasingly the Goal for Younger Generations
This may be wishful thinking for some, but there are ways to help them achieve their target retirement age.
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DB Plans Can Expect Continued Funded Status Issues
The solutions to manage funded status differ for public and corporate plans.
MassMutual Points to Scale as Reason for Empower Deal
The recordkeeper also notes that fee compression is largely driving the ongoing industry consolidation.
IRS Clarifies SECURE Act Birth and Adoption Distribution Rules
Qualified birth or adoption distributions have been permissible since January under the SECURE Act, but more specific guidance on how they should be treated has only just been...
Options to Help Participants Avoid Tapping Into Retirement Savings
Plan sponsors can share with participants other options to consider before taking a DC plan loan or withdrawal.
Benefits |
Most Employers Intend to Offer Same Health Care Coverage in 2021
But many said they might be looking to cut costs in other ways.
The PEP Opportunity
Pooled employer plans (PEPs) are coming, and potential adopting employers need to know what to look for and what they are getting into.
Empower Acquires MassMutual Retirement Plan Business
The firms say that with the acquisition, retirement plan participants will gain the outcome-oriented client focus and deep retirement expertise of both firms while benefiting from a state-of-the-art...
Products |
CFPB Policy Guidance Allows Employers to Create Automatic Savings Programs
The feature comes at a time when workers are struggling to save.
Delphi Retirees Lose Bid to Have Pension Takeover by PBGC Reversed
A federal appellate court found that court adjudication is not required for PBGC to terminate a plan and that retirees had no property right to unfunded, vested benefits.
Retirement Industry People Moves
IRS names associate chief counsel for EEE; Northern Trust appoints COO and senior executive; and Wellington Management CEO announces 2020 resignation; managing partner to succeed.
SECURE Act Compliance Q&A Published by IRS
The guidance document includes an extensive number of questions and answers about five key changes made by the SECURE Act.
DOL’s Proposed Proxy Voting Rule Another Attempt to Make Stance Permanent
Attorneys say the DOL is showing frustration over the regulatory back and forth on employee benefit plan proxy voting as well as ESG investing in retirement plans.
Educators Face Student Loan Setbacks Due to COVID-19
While loan forgiveness programs are an option, many applications are confusing and difficult to navigate.
Products |
Investment Product and Service Launches
Transamerica announces management fee reductions and J.P. Morgan AM reduces fees in two series.
Biogen Targeted in Recent Suit About Use of Fidelity TDF Suite
The lawsuit challenges Biogen’s use of the actively managed Freedom Funds over the index version of the target-date fund suite.
Equity Analysts See More Volatility and Decent Returns
Asset managers’ mixed outlook on the market reflects the uncertainty and volatility experienced so far this year, though there is more optimism for the rest of 2020 than...
Computer Graphics Company Targeted in ERISA Excessive Fee Suit
The suit alleges 401(k) plan fiduciaries failed to use the lowest cost share classes or consider CIT versions of mutual funds in the plan, among other things.
Benefits |
This Year’s Open Enrollment Season a Change for Employers and Employees
More classifications of employees, a remote work environment and employees placing a greater value on benefits means employers have more to consider for benefit offerings and communications.
Important Considerations for the RFP Process
When conducting a service provider request for proposals (RFP), being specific can help ensure plan and participant needs are met, as well as compliance with fiduciary duties.