PBGC Director Gordon Hartogensis says if Congress fails to act soon then after year 2025, any future revenue to the program would be sourced from premiums.
The state-run retirement program for private-sector employees is reporting $25 million saved for retirement, and has announced expansion to more employer types.
In addition to providing new fiduciary solutions to the combined client base, PCS leadership aims to leverage Aspire’s footprint in the K-12 403(b) and 457 plan spaces.
A business owner who sponsored pension plans for his employees pleaded guilty of charges that he deducted a “third-party administrator fee” from employees’ pay, but used the money...
Reports of overall retirement plan participation can misrepresent the retirement preparedness of American workers, according to ICI, because data shows more employees participate as they earn more and...
Industry sources discuss the positives from the final association retirement plan (ARP) rule, but the industry will still have to wait for progress on offering plans for employers...
Now that participants’ small balances may be automatically transferred to their new 401(k) account, Retirement Clearinghouse expects to see a lot of business.
Dimensional announces new Investment Solutions Group; Vanguard reopens fund and broadens access to others; DoubleLine Capital adds R shares to five mutual funds; and more.
TriHealth Inc. has been accused of carrying high fees in its 401(k) plan, benchmarked against peer plans with an asset range of $250 million to $500 million.
All of the President’s cabinet secretaries have substantial authority to promulgate, interpret and enforce regulations. The DOL Secretary, in particular, can have a big influence on employer decisions...
Currently church and public defined benefit (DB) plans focus more on returns, and their funded status is lower than for corporate plans, River & Mercantile notes in a...
Edelman Financial Engine's Fiduciary Distribution Review "helps ensure that employees don’t squander their chances of achieving retirement security through poor decisions around plan distributions.”
In addition to a $6.8 million payment, defendants in the lawsuit agreed to certain procedures for plan management, including that the plan committee will be trained on Employee...
Not having proper beneficiary designations on file can create a difficult situation for plan sponsors, and with the use of automatic enrollment, fewer participants are revealing their beneficiaries.