Universal Health Faces Familiar ERISA Excessive Fee Claims
Among other alleged fiduciary violations, the defendants are accused of failing to consider lower cost collective trusts as alternatives to certain mutual funds in the plan.
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BGC Introduces Interactive Retirement Income Calculator
MyRetirement illustrates retirement plan participants’ spending levels in retirement so they can make informed decisions.
Corporate Pensions See Slight Funded Status Boost in May
Markets are rebounding, but discount rates used to measure liabilities are falling, and pension consultants wonder if pending legislation will provide funding relief for plan sponsors.
401(k) Investors Barely Touched Their Accounts in May
Those who did trade favored fixed income, according to the Alight Solutions 401(k) Index.
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AIG Retirement Services Offers Help Navigating Student Loan Forgiveness Programs
Employees of nonprofit and public sector AIG Retirement Services clients that are offering the new student debt solution will be able to find Savi’s technology on their retirement...
IRS to Issue Opinion Letters for Pre-Approved Plans on June 30
An employer adopting a newly approved plan document will be required to do so by July 31, 2022.
IRS Proposes Allowing HRA Reimbursement for Direct Primary Care Arrangements
The IRS also identifies limited circumstances for which an employee with a DPC arrangement could contribute to an HSA.
Retirement-Age Households Show a ‘Chunk or Nothing’ Withdrawal Pattern
Observing drawdown patterns can inform plan sponsors about how to design their plans to facilitate withdrawals and about what guidance participants need.
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The Scope of Physical Wellness Programs Is Broadening
The attention the COVID-19 pandemic has brought to mental and social well-being and the expansion of telemedicine services will transform employer wellness programs.
Retirement Industry People Moves
Lyxor Asset Management selects CIO; MassMutual adds managing directors of U.S. regions; and TIAA financial solutions head resigns.
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OneAmerica Unveils ‘Persona-Based Approach’ to Financial Wellness
The MyTrack approach is based on a series of four demographic personas for which motivations, future goals and pain points are identified, as well as potential solutions.
K-12 403(b) Plan Participants Hungry for More Retirement Planning Help
Participants need more information about how their plan and investments work, a survey reveals.
Promising Investment Opportunities Exist
Small-cap stocks and distressed debt are among places investment managers said investors should turn in the post-COVID-19 environment.
Mapping Spending, Salary and Savings Yields Surprising Results
Data ties spending habits, more so than income, with propensity to save.
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Investment Product and Service Launches
Northern Trust and BlackRock partner on investor services; Allianz Investment Management launches new ETFs; and Hand adds tickers to CITs.
The Next Evolution in 403(b) Plans: Investments
While 403(b) plans have made great strides, lifting restrictions on the types of investments the plans can offer and considering more diverse investment types could further improve participant...
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Club Vita Longevity Analytics Integrated With DB Plan Valuation Software
The partnership enables WinTech’s users to seamlessly use Club Vita’s personalized suite of survival tables.
IRS Allows for Remote Retirement Plan Participant Elections
The temporary relief is for retirement plan participant elections required to be witnessed by a plan representative or a notary public, including a spousal consent.
5th Circuit Affirms Lower Court’s Rejection of Phillips 66 ERISA Challenge
Like the district court ruling in the case, the appeals court says the plaintiffs have failed to adequately state an actionable claim against the downstream oil and gas...
DOL Sanctions Use of Private Equity in Asset Allocation Funds in DC Plans
An Information Letter addresses concerns with offering private equity in DC plans with five paragraphs detailing considerations for plan fiduciaries in evaluating and monitoring the investments.