Retirement Industry People Moves
Franklin Templeton appoints head of U.S. distribution; Northwest Plan Services adds client services VP; and Accounts and sales director joins Capital Wealth Planning.
Latest News
Institutional Investment Returns Rebound in Second Quarter
Plan sponsors saw significant investment gains, with a median plan return of 10.6%, according to Northern Trust.
Federal Court Orders Millions of Dollars Restored to Connecticut Health and Retirement Plans
The decision follows an investigation by the DOL.
Is It Time for the U.S. to Create a Sovereign Wealth Fund?
As the U.S. government looks for a cure-all amid the financial crisis, some experts are looking to a government-owned wealth fund as an answer.
Products |
iJoin Partners with EvoShare on Cash Back for Retirement Savings Program
Retirement savers can get a percentage of every dollar spent at partnered stores contributed to a 401(k), 529 plan or HSA.
Products |
Investment Product and Service Launches
SSGA adds new ESG ETF and Investment Metrics issues fee benchmarking solution.
Princeton Agrees to No Fee Increase, Among Other Things, in Lawsuit Settlement
What the settlement agreement calls ‘therapeutic relief’ also includes conducting an RFP process, creating rules for how often committees meet and reviewing TIAA’s participant loan program.
Revenue Sharing Questioned in New Quest Diagnostics Lawsuit
Among other arguments, the ERISA fiduciary breach complaint suggests fiduciaries “should not choose otherwise imprudent investments specifically to take advantage of revenue sharing.”
Settlement Reached in Lawsuit Alleging Imprudent Sale of ESOP Assets
ESOP plan committee and Republic Services defendants, as well as GreatBanc Trust Co., have agreed to a $7.9 million payment.
CARES Act Special Considerations for 403(b) Plans
Participants invested in annuity contracts may face charges for distributions and limits on amounts they can take as a distribution or loan that they may not be aware...
8th Circuit Affirms Wells Fargo’s Win in Stock Drop Challenge
The plaintiffs failed twice to meet the so-called ‘Dudenhoeffer pleading standard’ before the U.S. District Court for the District of Minnesota, and now their appeal has been rejected...
VALIC Financial Advisors Charged With Disclosure Failures
The SEC says VALIC Financial Advisors failed to disclose to Florida teachers practices that generated millions of dollars in fees and other financial benefits for the firm.
Higher Participation Measured, Including in Roth Accounts
The steady increase in the use of the Roth 401(k) option comes as overall qualified plan participation continues to increase.
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Transamerica Expands Benefits Offering With Health Savings, Spending Accounts
The offerings include an HSA, HRA and FSA.
Digital Ruling in John Hancock ERISA Suit Reflects the Times
A judge has denied John Hancock’s motion to dismiss the self-dealing lawsuit but did not submit a written order.
Benefits |
Social Security Burdens Fall on Younger Workers
As unemployment rises and employees retire sooner, experts say Social Security will be exhausted faster than predicted.
Different Views About Retirement Plans Shaped COVID-19 Responses Globally
The U.S. can learn from other countries about instilling the mindset of preserving retirement savings and creating different pools of assets to be dipped into in case of...
Plan Sponsors Should Focus on Life Events Rather Than Generations in Communications
Employees in a survey from Empower Retirement say they believe their views are created by personal experiences and characteristics, not by their age group.
Retirement Industry People Moves
Tech and client services head joins ICMA-RC; OneDigital acquires employee benefits consulting firm; New York Life elects president; and more.
Bill Would Allow COVID-19 Catch-Up Contributions
The proposal would allow catch-up contributions in 2021 and 2022 equal to the difference between an individual’s actual contributions and current federal limits on these accounts.