Much of the settlement value is tied into a new pension funding formula Berkshire Hathaway will use for certain employees who formerly worked for Acme.
The parties in Belknap v. Partners Healthcare System have been given an opportunity to submit supplemental briefing as to the meaning of “actuarial equivalent” under the relevant statutes.
Financial Engines will now offer integrated financial planning and investment management services with a dedicated planner for employees of sponsors using AFA advisory services.
Among other allegations, the litigation says Shell Oil fiduciaries allowed Fidelity to inappropriately utilize plan data for its own commercial purposes.
Various beneficial changes to retirement savings portfolios made by investing in TDFs could enhance retirement wealth by as much as 50%, research suggests.
The SECURE Act extended the age at which RMDs take effect from 70 1/2 to 72, but financial institutions may not have had time to change their notice...
Industry sources agree pains must be taken to ensure mandatory lifetime income projections to participants are accurate and contextual education is provided.
Participants were “less reactionary” in their trading activity and, though they moved to fixed income for most of the year, contributions and returns increased equity holdings.
Finding women, mid-career and low-income employees are the most at-risk, Greenspring Advisors suggests ways plan sponsors, providers and advisers should enhance the support and resources they offer.
Lincoln Financial Group and Capital Group combine TDFs and annuities; Federated Investors, Inc. to rename brand and ticker symbol; and MSCI publishes principles of sustainable investing.