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The manager will take over investment of $70 billion in defined benefit and defined contribution plan investments. 

Recent court decisions suggest that using consumer artificial intelligence tools for legal guidance could jeopardize privileged communications, but the law remains unsettled.

Insurer becomes the latest large corporate employer to add the comparison platform.

As hardships arise, employers rethink whether retirement plans should focus solely on preserving nest eggs—or also help workers weather today’s storm.

The Office of the Inspector General called for stronger oversight and controls for sharing confidential information.

According to the company, the nation’s highest court must rely on an ‘apples-to-apples comparison’ when judging alleged underperformance.

Philadelphia voters approved a city-run program, but the Alaska State Legislature failed to override the governor’s veto of its version.

According to a Georgetown report, plan sponsors should evaluate pooled employer plans’ fees, providers’ potential conflicts of interest and the challenges of exiting the plan.

Investment menu rulemaking and outstanding SECURE Act and SECURE 2.0 guidance dominated the regulators’ newly posted lists.

Less than one year after being authorized, and after multiple rounds of guidance, the accounts for children are active.

The proposed regulation, which would bar fiduciaries from weighing climate and social factors, has not yet been published for public comment.

Ascensus adds Roth options to SIMPLE IRA plans; MissionSquare to offer debit cards for health savings accounts; and more.

SIFMA urged the SEC to take direct control of and fully fund the CAT, while the ASA sought protection for investors’ personally identifiable information.

The new version offers plan sponsors recommendations based on the DOL’s growing focus on documentation, process and oversight.

A State Street exchange-traded fund based on the S&P 500 will serve as the default, with other index funds to become accessible down the road.

Republicans touted direct contracting as a way to lower employer healthcare costs, while Democrats warned that Medicaid and ACA reductions threaten workers.

The complaint, filed in Virginia, claims fiduciaries kept an underperforming Nuveen fund in the company’s 401(k) plan despite persistent lagging returns and higher fees.

Employers are trying to help their employees, with tools and guidance, to avoid making hardship withdrawals or taking loans from their retirement plans to cover immediate needs.

To maximize offerings for their employees, experts recommend that companies use both in-plan options and their HR departments.

Key components include emergency savings, retirement readiness programs and financial planning.