Stimulus Helps, But Markets Will Remain Volatile
The S&P 500 could move up and down by 2% every day for the next six months, experts agree.
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Forty Percent of DB Plans Could Adopt Strategies to Lower PBGC Premiums
Strategies regarding timing and recording of pension contributions translate to millions of dollars in lower PBGC premiums, according to a report from October Three.
Some Say Coronavirus Will Cement New Normal for Rates
The world has indeed embraced a new normal—but not one necessarily tied to interest rates.
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HSA Provider Offers Help for Medicare-Eligible Account Holders
HealthSavings Administrators has partnered with eHealth to help employees with the selection of different Medicare plans.
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Investment Product and Service Launches
Franklin Templeton adds fixed-income ETF offering; OneAmerica releases RetirementTrack target-date series; and BCG teams up with Russell Investments to launch personalized solution.
Understanding How ‘E,’ ‘S’ and ‘G’ Contribute to ESG Performance
Investors need to know which factors will help them achieve their long-term and their short-term goals.
Insurers Report Negligible Long-Term Changes to Investment Strategies
The firms—which have similar investing goals to DB plans and back investments included in some DC plans—are continuing a move to private assets.
DOL’s Proposed ESG Restrictions Criticized by Senate Democrats
The Democratic senators join in a chorus of concerned stakeholders who say the DOL is being overly restrictive about the use of environmental, social and governance-themed investments.
Nearly Half of Americans Don’t Foresee Moving Beyond Current Financial Status
For their part, employers can consider benefits and financial wellness programs to make financial mobility possible.
Filing of Excessive Fee Suits Continues With Allegations Against Matthews International
One distinguishing feature in an otherwise boilerplate complaint is the pointed criticism of the plan’s recordkeeper, despite the fact that it is not named as a defendant.
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Simplified Form 5500 Compliance Reporting Launched by ADP
This development marks the second phase of its compliance dashboard enhancement effort.
Vanguard Transfers Recordkeeping Operations to Infosys
Through a strategic partnership, Infosys and Vanguard will provide a cloud-based recordkeeping platform, with planned enhancements for plan sponsors and participants.
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Alight to Offer Auto-Portability Solution to DC Plan Clients
Retirement Clearinghouse says it hopes other recordkeepers will adopt its product to help reduce the depletion of retirement savings from premature cash-outs.
Lawsuit Over Kentucky Retirement System Hedge Fund Investments Dismissed
The Kentucky Supreme Court said it ‘recognizes that plaintiffs allege significant misconduct,’ but it found they lacked standing to bring their claims.
Goldman Sachs Fails to Get ERISA Self-Dealing Suit Dismissed
A federal judge found claims by a participant in the Goldman Sachs 401(k) plan sufficiently plead imprudence and disloyalty.
Changing Messages About Benefits
Plan sponsors can create new communications to engage participants with their retirement and health benefit plans that take into consideration special circumstances caused by the COVID-19 pandemic.
Retirement Industry People Moves
ISS ESG selects global research leader; Newport Group acquires PAi and affiliate company; R&M adds actuarial professionals to Denver region; and more.
Wawa ERISA Fiduciary Breach Lawsuit Settlement Revealed
The class action settlement agreement includes $21.6 million in cash payments, with no admission of wrongdoing by the plan’s fiduciaries.
How DB Plans Fare During Volatility Depends Greatly on Portfolio Allocation
Depending on asset allocation, some plans have fared better than others, but the majority are down for the year.
Risk for Cyberattacks Heightened as Remote Work Continues
Remote work is expected to lead to more attacks on retirement plan accounts, but there are an increasing number of measures to handle the threat.