Retirement Industry People Moves
MMA acquires Illinois brokerage firm and Janus Henderson announces leadership changes to research team.
Latest News
Furloughs Vs. Layoffs: Which May Trigger a Partial Plan Termination?
‘Companies tend to use the terms interchangeably, which is why it can be confusing,’ says Lorie Maring, a partner at Fisher Phillips.
Plan Sponsors Should Be Extra Vigilant During Severe Market Volatility
For both DB and DC plan sponsors, fiduciary actions follow a different time frame when there is a sustained market crisis.
Products |
Empower Waives Fees for Retirement Plan Loans and Hardship Withdrawals
The change is for all tax-qualified workplace retirement plans administered by Empower that permit such distributions and includes new provisions allowed for under the CARES Act.
Benefits |
Employers Can Offer More Student Loan Repayment Help to Employees
The CARES Act allows employers to contribute toward employees’ student loan debt tax-free to employees, and employees need guidance on what they can and should do about deferring...
Administrative Considerations for CARES Act Transactions
Plan sponsors need to understand the details and ask themselves certain questions to make sure they are complying with the new law.
Teva Pharma Must Face ERISA Fiduciary Breach Discovery, Trial
The plaintiffs have successfully amended their complaint and “plead charts, comparative studies and specific facts” necessary to proceed into discovery.
Products |
Voya to Credit Transaction Fees Related to CARES Act
In addition, the retirement plan provider is offering free access to financial resources to Americans.
Benefits |
Employer Health Benefit Costs May Jump This Year and Next
Actions to mitigate increasing health benefit costs for this year or next will need to be as unique as the time in which we are living.
Important Considerations Before Waiving RMDs
Taking required minimum distributions (RMDs) is about shifting to a taxable account, not necessarily about liquidating investments.
The Math Behind Plan Fee Evaluations
Determining whether fees are reasonable for participants requires an additional layer of calculation, and some fee elements and allocations make it more complicated than it should be.
Supreme Court Denies Review of UPenn ERISA Lawsuit
A last ditch effort to point out that another circuit found no evidence of fiduciary misconduct in a similar case apparently did not persuade the high court it...
DB Plan Relief Included in the CARES Act
The bill provides a delay for minimum annual required contributions and relief for plans that may have benefit restrictions triggered due to a drop in funding levels.
Trial Ordered for Anheuser-Busch ERISA Lawsuit
The complaint echoes other cases challenging actuarial assumptions used in calculating DB plan benefits.
Plan Sponsors Facing Difficult Decisions During Coronavirus Pandemic
Stopping employer matching contributions, laying off employees, adjusting DB plan contributions; plan sponsors need to understand the effects of each decision.
Fiduciary Failures Affirmed in Fidelity Self-Dealing Challenge
A new district court ruling finds Fidelity liable for certain fiduciary breaches in the operation of its own retirement plan, but the decision ‘addresses only the question of...
Remedial Amendment Periods for 403(b) Plans and DB Plans Extended
Plan sponsors now have until June 30 to update their pre-approved and individually designed 403(b) plan documents.
Introducing Generation Z to Retirement
While retirement isn’t achievable for this new clutch of employees for years to come, saving for it is.
CARES Act Passes Congress, Including Retirement Plan Relief
Plan sponsors who have faced regional natural disasters will be familiar with many of the relief provisions adopted by Congress, from the suspension of required minimum distributions to...
Retirement Industry People Moves
Cohen & Buckmann adds counsel to Employee Benefits & ERISA practice; Penn Mutual hires portfolio managers for balanced income strategy; and retirement services leader of Millennium Trust retires.