Latest News
403(b) Plan Sponsors Have Taken Steps to Prepare for Market Volatility
An analysis from the 2019 BlackRock DC Pulse survey compares investment preferences of 403(b) and 401(k) plan sponsors and also highlights 403(b) plan sponsors’ focus on retirement income...
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Fiduciary Education Courses Now Available in Three Tiers
The courses are designed for both plan sponsors and advisers to help them manage retirement plans more effectively.
U.S. Considering Whether to Join Lawsuit Over California Secure Choice Program
The lawsuit alleges the act that created the Secure Choice program “violates the Supremacy Clause of the United States Constitution because it is expressly preempted by the Employee...
Few 401(k) Participants Make Trades in July
Year-to-date, investors have favored fixed income on 186 trading days, or 86% of the trading days available, according to Alight Solutions.
Walgreen 401(k) Participants Seek $300M in Lawsuit Over TDF Mismanagement
The complaint says the target-date funds used in the plan and as the designated default investment were underperforming from the time they were selected, resulting in a great...
Caesars Owes No Withdrawal Liability for One Closed Pension in Controlled Group
An appellate court affirmed a District Court’s judgement that because Caesars Entertainment continues to contribute to a multiemployer plan for engineering work at three remaining casinos, it is...
Looking at User-Friendliness of Recordkeeper Websites
The ability to manage future investment allocations on websites provided by recordkeepers is very important to retirement plan participants, but a study found participants can be confused by...
Retirement Industry People Moves
BPAS and F&M Trust link regional retirement plan businesses; Grant Thornton adds Advisory Services principal; Nuveen updates portfolio management group for two funds; and more.
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Measuring the Success of Financial Wellness Programs
Incorporating sound measures of the effectiveness of financial wellness programs will allow plan sponsors to adjust them to address the varying needs of their workforce.
Explaining the ‘New Normal’ for Interest Rates
"The new normal for interest rates simply means that retirement investors have to take more risk,” says Steve Foresti, CIO at Wilshire Consulting.
Lower Interest Rates Continue to Plague DB Plan Funded Status
“Plan sponsors should review their risk management toolkit to consider whether their investment policy is aligned with the current market environment and to explore potential risk transfer activity,”...
DOL Issues Fact Sheet on Retirement Benefits for Vets Returning to Work
The Uniform Services Employment and Reemployment Rights Act (USERRA) requires that returning service members, on reemployment, be treated as though they did not have a break in civilian...
Court Issues Mixed Ruling in Case Over ESOP Stock Purchase
The court decision highlights the difficulty in determining the fiduciary status of parties and of making claims for equitable relief based on allegations that ESOP stock purchases were...
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Investment Product and Service Launches
Northern Trust builds portfolio analytics tool; Transamerica lowers multiple investment fund fees; Mesirow Financial issues U.S. small cap sustainability vehicle; and more.
Case Studies Suggest Move From Public Pensions Hurts Taxpayers
Experiences of four states that moved from traditional defined benefit (DB) plans to cash balance or defined contribution (DC) plans show it did not address existing pension underfunding...
Participants, Plans Already Feeling the Impact of U.S-China Trade War
Until recently, the marketplace expected the U.S. and China would, year over year, continue to integrate and overlap their economic systems. Increasingly, it seems the two spheres are...
Court Moves Forward Suit Over Plans’ Use of Retail Funds
The court decision in Lutz v. Kaleida Health reviews what it takes to be a retirement plan fiduciary and acknowledges that plaintiffs in ERISA litigation do not have...
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Mercer, Club Vita Team Up to Offer ZIP Code Model for Longevity
Honing in on each participant’s ZIP+4 code to capture a wealth of lifestyle information, and analyzing them alongside factors such as gender, annuity amount and retirement health, can...
Lawmakers Demand Help for Union Pensions
The former Republican Speaker of the House has teamed up with former Representative Joe Crowley to advocate for a solution to the union multiemployer pension funding crisis.