M&T Bank to Pay Nearly $21 Million to Settle Self-Dealing Suit
In addition, the bank has agreed to an independent review of funds in its 401(k) plan and to issue a request for information to multiple potential recordkeepers.
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Benefits |
Addressing Employees’ Student Loan Debt in 2020
A review of how employers can help employees break free from the bind student loan debt has on financial wellbeing and retirement savings.
Tips on How to Find Missing Participants
Failure to find missing participants could disqualify a retirement plan under the tax code and lead to breaches of the ERISA fiduciary duty.
As Another Decade Opens, Appetite for ESG Remains Strong
The appetite for environmental, social and governance investing cuts across generations and genders.
Benefits |
Evolving Your Financial Wellness Program in 2020
By including the right elements in a financial wellness program, employers can help employees squirrel away more emergency and retirement savings.
The SECURE Act Is a Reality in 2020
In 2019, the retirement plan industry saw the debate, support and eventual passage of the SECURE Act.
Past Practices Cited in ERISA Lawsuit Against Plan Sponsors
Although the complaint notes that the defendants acted to replace higher-cost share classes with lower-cost ones in 2019, it says that action did nothing to repair participants’ accounts...
ERISA Lawsuits and Decisions that Defined 2019
The year delivered major settlements and decisions in retirement-plan focused lawsuits, including some precedent-setting appellate and Supreme Court rulings.
Benefits |
Employer Health Benefits Saved by the Spending Bill
The Cadillac Tax, which many said would limit health care choice and cause greater cost-shifting to employees, was repealed.
American Miners Act Included in Budget Bill
The bill transfers certain funds to provide pension and health benefits for retired coal miners.
A Background on Retirement Plan Cyber Crimes and How to Mitigate Them
Plan sponsors need to understand how vulnerable retirement plan and participant data is to cyberattacks, and know what they, providers and participants can do to mitigate the risk.
How the SECURE Act Will Impact 403(b) Plans
Sponsors can distribute assets from a 403(b)(7) custodial account, along with other measures.
Retirement Industry People Moves
Mercer appoints US health leader following former leader’s retirement; The Segal Group hires SVP in corp. market practice; Voya Retirement brings in institutional clients VP; and more.
Benefits |
The Six-Generation Workforce Is Here
During the next decade, it will become the norm for six generations of Americans to be working together, raising opportunities and challenges for employee benefit professionals.
Millennials Favor ETFs in Their SDBAs
They also have a larger portion of their portfolios in cash than other generations, according to Charles Schwab.
Lessons from Higher Ed Employers for Keeping the Workforce Churning
Employees retiring later can hinder younger workers’ career paths, but workforce management ideas from higher education employers may help.
UPenn Seeks Supreme Court Voice in University Retirement Plan Lawsuits
The university says the high court should re-establish the pleading standard it previously set, as well as issue a decision to stop the pressure to settle cases against...
Products |
Investment Product and Service Launches
Vanguard changes manager structure of value funds, Northern Trust expands collateral management services, and Vanguard decreases expense ratios for international funds.
SECURE Act Passed By Full Congress
Passage of the SECURE Act is being hailed as a major accomplishment that will allow Congress to turn to other important retirement issues next year.
Many Have Unrealistic Expectations for Drawing From Savings in Retirement
A Shroders survey shows it’s 10.1% on average. Plan sponsors can help form more realistic expectations.