Average SDBA Balances Fall to $246,153
Mutual funds held the highest percentage of participant self-directed brokerage account (SDBA) assets, according to Charles Schwab.
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Parties in Brown University 403(b) Suit Agree to Settle
The settlement agreement calls for a $3.5 million payment from Brown, as well as non-monetary relief.
Benefits |
AAA Subsidiary Announces Student Loan Repayment Benefit for Its Employees
With the benefit tied to its 401(k) plan, CSAA says 60% of its employees are contributing to the 401(k) for the first time or were not taking full...
Fixed Income Funds Took in Majority of 401(k) Participant Transfers in February
However, it was a slow trading month, according to the Alight Solutions 401(k) Index.
Intel Wants Supreme Court’s Take on ‘Actual Knowledge’ Under ERISA
A decision by the Supreme Court on the question of what establishes “actual knowledge” of an alleged breach of fiduciary duty could have a big influence on how...
Judge Rules ERISA Equitable Remedy Cases Have No Right to Jury Trial
A federal judge made this decision in allowing Massachusetts Institute of Technology’s motion to strike plaintiffs’ demand for a jury trial in a suit alleging breach of fiduciary...
DB Plans See Funded Status Gains of Up to 2% in February
Firms that monitor defined benefit (DB) plan funded status attribute the increase to strong equity market performance.
Researchers Find Bias When Retirement Funds Listed Alphabetically
Retirement plan participants tend to select funds placed in the first positions on a list, so rather than ordering the investment menu alphabetically, researchers suggest placing lower-cost or...
Oracle Defeats Most ERISA Class Action Claims
The defense benefited strongly from the fact that expert witness testimony given in favor of plaintiffs was rejected by the judge as not being fully relevant or credible.
IRS Reverses Course on Lump-Sum Payment Windows to Certain Retirees
The IRS had previously put a halt to the practice of defined benefit (DB) plan sponsors offering lump-sum windows to retirees in pay status, saying it intended to...
Don’t Let 3(38) Fiduciary Confusion Entangle Your Plan
Plan sponsors must take as much time as necessary to understand what it means to hire a 3(38) discretionary investment manager; setting clear goals and expectations is critical.
Multiemployer Pension Plans Need Financial Help or a New Investment Model
In a hearing, lawmakers heard about how the multiemployer pension plan crisis is affecting employers, employees and the economy today, why current legislation contributes to the crisis, and...
Retirement Industry People Moves
GoldPoint Partners Appoints Managing Principle; Jennison Associates Names Sales and Client Services Manager; IRI Promotes Former Legal and Governmental Industry Experts; and more.
PBGC Gets Administration Support
Among a host of other services, Serco Inc. will operate the Pension Benefit Guaranty Corporation's (PBGC)’s contact center and help find pension plan participants.
Fewer Households Expected to Face Retirement Savings Shortfall
Just over four in 10 U.S. households are projected to run short of money in retirement, according to an updated analysis from EBRI.
Responsible Approaches to Tactically Managing TDFs
Target-date fund (TDF) providers use tactical strategies to support goals of the funds’ glide paths, but responding to a report from a professor of finance at London Business...
Products |
Investment Product and Service Launches
Vanguard presents active equity ESG fund; Goldman Sachs announces ETF suite focused on innovation; State Street enhances fixed income ETFs; and more.
Court Decision Limits Age Bias Claims Older Employees Can File
A federal appellate court found older job seekers who feel they face hiring discrimination may not file Age Discrimination in Employment Act (ADEA) disparate impact claims, though they...
Products |
Colonial Life Announces Student Loan Repayment Benefit
Colonial Life has partnered with FutureFuel.io, which has different options that a client can select for what best fits its employees and the company.
Investment Adviser Sentenced for Defrauding Pension Plan
The Department of Labor found the investment adviser made 63 fraudulent requests to Transamerica for lump sum benefit checks for participants not entitled to plan benefits, in total...