Getting Longevity Wrong Can Put a Hitch in Retirement Planning
Individuals need to know the right number in order not to outlive their retirement savings, as well as to prepare in time for financial dependents.
Latest News
Could DB Plan Sponsors Have Seen a Greater Funded Status Increase in 2019?
Contributions to large pension plans plunged in 2019, nearly matching their lowest point in the past 15 years, according to Russell Investments.
Lawsuit Arguing ERISA Preemption of CalSavers Dismissed
A federal court judge found no impermissible reference to or connection with ERISA plans in the statute establishing California’s state-run auto IRA.
IRS OKs HDHP Coverage of Coronavirus Testing
High-deductible health plans (HDHPs) will not lose their special status merely because they cover the cost of testing for or treatment of COVID-19 before plan deductibles have been...
Invesco Agrees to Pay Nearly $3.5 Million to Settle Self-Dealing Claims
The firm has also agreed to offer non-proprietary ETFs in its 401(k) plan’s self-directed brokerage account.
Coronavirus Creates Perfect Storm for DB Plan Funded Status Drop in February
What happened to interest rates is just as important as what happened to equity markets, and DB plan sponsors should implement portfolios that manage both.
Lasting Volatility Faces Retirement Investors
“If you miss even a handful of big rebound days, you will really damage your long-term returns,” warns Katherine Roy, J.P. Morgan chief retirement strategist.
Senator Murray Says ‘INFORM Act’ Will Protect Lump-Sum Recipients
A new bill in the U.S. Senate would require pension plan sponsors to provide plan participants and retirees with certain ‘critical information’ when offering lump-sum buyouts.
How Democratic Candidates’ Retirement Proposals Could Affect Employer-Sponsored Plans
A national automatic savings plan would be a strong possibility, multiemployer plan sponsors could end up in a worse crisis and nonqualified plans would face a big disruption.
GASB Proposes New Reporting Rules for 457 Plans
If a 457 plan meets the definition of pension plan in certain cases, all accounting and financial reporting requirements that are relevant to pension plans should be applied,...
Teva Pharma Argues DC Plan Fiduciaries Acted Prudently
Defendants in an excessive fee case point to an appellate court decision that found "the fact that fiduciaries did not select the cheapest investment does not plausibly suggest...
Aon and Willis Towers Watson to Combine
The new company, to be named Aon, will be a premier, technology-enabled global professional services firm focused on the areas of risk, retirement and health, the firms say.
Retirement Industry People Moves
DCIIA unveils founding members of retirement research center; Transamerica adds workplace solutions executives; Southeast regional sales director joins BPAS; and more.
Benefits |
Traditional Health Benefit Cost Reduction Strategies Waning
Offering voluntary benefits, enhancing benefit communications and telemedicine are just some of the new strategies employers are using or considering.
ERISA Lawsuit Challenging CenturyLink Fund Choices Dismissed
The decision emphasizes that the use of hindsight to judge the prudence of fiduciaries’ investment decisions is impermissible under ERISA.
Products |
Investment Product and Service Launches
Vanguard modifies managed payout fund; Transamerica launches stable value option for 403(b)s; Fidelity announces health savings mutual funds; and more.
Parties In Suit About Estee Lauder 401(k) Account Data Breach Announce Settlement
Details of the settlement in the first case of its kind to call into question the cybersecurity defenses a plan sponsor and its providers had in place for...
Reasons NOT to Offload DB Plans
Before following the crowd, DB plan sponsors should look at the cost to maintain their plan relative to the company’s financial situation—and look at its value to employees.
DOL, PBGC Announce Searchable Guidance Databases
Each database contains, or links to, all the agency’s guidance documents and provides certain information about them.
Coronavirus Fears Lead to Spike in 401(k) Trades
The last week of the month was among the busiest stretches in the 20 year-plus history of the Alight Solutions 401(k) Index.