Retirement Industry People Moves
Senior compliance counsel joins Hall Benefits Law legal team; TRA hires MEP specialist; Morningstar acquires Hueler's stable value database and index; and more.
Latest News
Don’t Put Your Head in the Sand Because of Cash Balance Liability Complexity
Cash balance plans may have the most complex liabilities to manage, but creating a clear strategy to manage risks will keep it from getting more complicated.
SECURE Act Demands Updates to Rollover Notices
For example, language should be inserted to reflect that the age for taking required minimum distributions (RMDs) has been increased to 72.
Remembering the Basics of Fiduciary Duties
What ERISA retirement plan sponsors should know about their responsibilities as they make plan decisions or even outsource decisions to others.
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EvoShare, intellicents Partner on Cash Back for Retirement Savings Program
The myCents program turns a portion of money spent at partnered local and online stores into additional contributions toward 401(k) or 403(b) plans, IRAs or Roth IRAs, and...
The Impact of SECURE Act Lifetime Income Projections
Seeing a paltry “retirement paycheck” estimate may shock a lot of participants into making greater contributions to their retirement accounts.
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Investment Product and Service Launches
IHS Markit adds MSCI ESG ratings; HarbourVest offers private equity with Vanguard; Northern Trust automates process for bank loan trading; and more.
ERISA Pension Lawsuit Targets UPS
The complaint stresses that, under ERISA, the “present values” of a joint and survivor annuity and a single life annuity must be equal for them to be “actuarially...
Judge Scales Back Claims Against Voya in Excessive Fee Suit
The only charge that survived regarded Voya providing “false and misleading” participant fee disclosures.
Volatility Prompts 401(k) Investors to Increase Trading
Investors continue to favor fixed income, the Alight Solutions 401(k) Index finds.
Principal Back on the Hook for GIC Challenge
A federal district court’s decision that Principal is not a fiduciary when it sets the crediting rate for a GIC has been reversed.
CBIZ Actuarial Error Lawsuit Moves Ahead
A court has ruled against CBIZ’s motion for summary judgement in a lawsuit accusing the firm of making costly actuarial errors.
Steps for Creating an Effective IPS
While not required, a road map for investment selection and monitoring is a best practice, and sources now say the more detailed, the better.
2nd Circuit Again Remands Decade-Old PwC ERISA Litigation
The appellate court disagreed with a lower court finding that reformation of PwC's cash balance plan and the recalculation of benefits in accordance with the reformed plan was...
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Lively Launches ‘HSA-Compatible FSA’
The company says the launch is happening in response to “overwhelming customer and partner demand.”
Signing and Retaining Plan Documents Is Essential
Following a memo warning retirement plan sponsors of potential disqualification, attorneys offer suggestions for plan document execution procedures.
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MassMutual Offers Student Loan Refinancing Assistance
A refinancing program provided through CommonBond is available on the company’s MapMyFinances financial wellness tool.
Retirement Industry People Moves
Empower Retirement selects asset management SVP and head; Employee benefits partner joins Dechert LLP; MassMutual appoints defined benefit leader; and more.
Navy Contractor Serco Faces ERISA Excessive Fee Lawsuit
The complaint states that the plan’s investment options and fees “cannot be justified.”
Details About SECURE Act’s PEP and Lifetime Income Provisions
Open MEPs are now PEPs, and additional guidance is needed about requirements for PEPs and other provisions of the SECURE Act.