$18.1M MIT Fiduciary Breach Lawsuit Settlement Includes RFP Process
Among the non-monetary elements of the settlement is a requirement to conduct a recordkeeping RFP process that will result in a per-participant fee structure.
Latest News
Rollover Rules Between Different Plan Types
Retirement plan sponsors need to understand IRS rules for rollovers and what they should consider before accepting one.
Participant Views on Retirement Plan Loans Can Inform Benefit Decisions
Additional benefits and loan policy changes can keep participants from taking loans while other strategies can prevent loan default.
Court Recommendation Highlights Difficulty in Consolidating 403(b) Providers
Although a judge said annuity relationships may be “akin to a hostage-type situation,” he still recommended the suit against Columbia University move forward.
Products |
Groups Launch Fraud Sharing Database for Financial Services Firms
FraudShare is a tool for reporting about the types and frequency of account takeover fraud occurring in the life insurance and retirement services industries.
Goldman Sachs Accused of Self-Dealing in 401(k) Plan
Among other things, the lawsuit says Goldman Sachs did not prudently use revenue-sharing payments.
The Odds Are Split for Senate SECURE Act Passage This Year
“Overall, it is an uncertain picture, but the SECURE Act is not dead in the water,” says Bradford Campbell, former EBSA head from 2006 to 2009. “I would...
Retirement Industry People Moves
Past industry exec joins ICMA-RC; Prudential Retirement announces multiple executive promotions; Ascensus adds TPA firm to FuturePlan business; and more.
Owens Corning Transfers Some Pension Liabilities
The company cited a decrease in risks and costs as benefits of purchasing the annuity.
Points to Consider When Evaluating TDFs
“Diversification should be happening on all levels," says Jake Tshudy, with SEI Institutional.
Undocumented Workers Become a Missing Participant Problem
Nothing in ERISA says an undocumented worker cannot participate in a retirement plan, but making a distribution to one could be a problem.
Products |
Outside Sources Can Aid Plan Sponsors’ Financial Education Efforts
Entities other than retirement plan providers and advisers have recently announced initiatives.
Products |
Principal Makes Retirement Plan Onboarding Platform Relevant to Hispanics
Principal has found that when Hispanic workers start to participate in a company plan, they tend to embrace the concept of savings.
Products |
Investment Product and Service Launches
John Hancock Investment Management expands fixed-income suite, and Millennium Trust adds investments to Workplace Savings Solutions.
School Board Broke Contract When It Suspended 403(b) Contributions
Georgia’s Supreme Court found a contract that required the Board to provide a two-year notice before changing plan funding was not voided by subsequent plan restatements.
Report Examines Links Between TDF Quality and Market Share
A study argues there exists a “fair amount of correlation between market share and the quality" of a TDF in relation to its peers in the target-date category.
Reducing the Risk of ESOP Investigations and Litigation
An NCEO report provides details about DOL investigations and litigation against ESOPs and provides considerations for ESOP valuations.
Five Ways to Improve Retirement Security in the U.S.
The Aspen Institute Financial Security Program lays out ways industry leaders and policymakers can improve Americans’ retirement outlook, including expanded access to plans and help with emergency savings.
Understanding of Fixed Income Investments Needed Now More Than Ever
Fixed income investments remain valuable for retirement plan participants, but with a “new normal” of lower interest rates and increasing longevity, they need to reconsider allocations.
DOL Proposes Rule to Permit Online Plan Disclosures
The new rule would offer a safe harbor for sponsors that want to make retirement plan disclosures available on websites.