PBGC Extends Certain Premium Payment and Filing Deadlines
The action is in response to an IRS extension of some retirement plans’ Form 5500 filing deadlines.
Latest News
Past Bear Market Strategies No Comfort for DB Plans Right Now
Pension plan consultants are tweaking recommendations for DB plan sponsors during the unprecedented volatility created by the coronavirus pandemic.
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Two West Advisors Launches Virtual Consultation Service
Participants receiving an email from plan sponsors can schedule virtual meetings with a Two West financial expert to address retirement plan account questions as well as broader personal...
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Pentegra Waives Coronavirus Amendment Fees
“These are challenging times, unlike what most of us have ever seen,” says Pentegra President and CEO John Pinto.
Lawsuit Claims Impostor Fooled Abbott Labs into Distribution
According to the lawsuit, an unknown user accessed the plaintiff’s stock plan account by exploiting the ‘forgot password’ option and impersonating the plaintiff over the course of several...
Paycheck Protection Program Covers Retirement Plan Contributions
The Treasury Department makes clear that the PPP offers help with employer contributions to retirement plans and toward health benefits for employees.
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MassMutual Offers CARES Act Provisions to Retirement Plan Clients
Plan sponsors can ‘opt-in’ to offer the provisions to participants.
Retirement Industry People Moves
Mercer adds health and benefits consultant in California office, and Ascensus names retirement plan VP for western division.
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Investment Product and Service Launches
BNY Mellon expands investment lineup with ETFs, and American Century launches actively managed ETFs.
DB Plans Fall Victim to the Coronavirus
Firms that track DB plan funded status offer considerations for plan sponsors and note that how sponsors position themselves will determine future costs and contributions.
Talking Points to Help Participants Navigate Market Volatility
Certain concepts should be communicated clearly to retirement plan participants so they don’t make decisions that may hurt their retirement readiness.
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OneAmerica Forgives Hardship Withdrawal Fees
The recordkeeper is making the move in response to the CARES Act.
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Securian Removes COVID-19 and Hardship Withdrawal Fees
The firm is also offering free fiduciary and wellness services.
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Nationwide Joins List of Providers Offering CARES Act-Related Help to Participants
The retirement plan provider is waiving fees and accelerating transaction processing for those taking withdrawals or loans related to the COVID-19 pandemic.
Parties in JPMorgan Self-Dealing Suit Reach Settlement
The lawsuit alleged plan fiduciaries acted for their own benefit by forcing participants to choose among costly investments managed by JPMorgan and BlackRock.
Few Plan Sponsors Planning Retirement Benefit Cuts Right Now
Experts say firms are focused on making sure their business survives, hopeful that the economy will bounce back when the coronavirus is eradicated.
Monitoring DC Plans’ Company Stock Investments During Market Volatility
Decisions for 401(k) plan sponsors with company stock on their investment menus are different than those for sponsors of true ESOPs.
Ensuring Cybersecurity in a Remote Work Environment
Extra measures need to be taken for HR and benefits staff working from home to keep employee and retirement plan data secure.
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Transamerica Takes Steps to Help Plan Sponsors, Participants During Coronavirus
The retirement plan provider is waiving certain fees and has established a dedicated team to support participants in their decision making.
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John Hancock Announces New COVID-19 Fee Policies
The firm is waiving fees related to participant hardship withdrawals and suspending fees for plan amendments made in response to the pandemic.