Case Against ‘Small’ 401(k) Plan Settled
The case against the $500 million 401(k) plan was also settled for a “small” amount—$500,000.
Latest News
$3M Settlement Reached in Edward Jones Self-Dealing Lawsuit
After a complex set of motions and rulings, the parties have now opted to settle the ERISA self-dealing lawsuit rather than proceed to the full trial.
Financial Professionals Improve Retirement Results for K-12 Educators
The median account balance for K-12 educators surveyed who work with a financial professional is $40,000 versus $21,000 for those who do not work with a financial professional,...
Minority of 401(k) Plan Sponsors Measure Retirement Readiness as Benchmark of Plan Success
The Plan Sponsor Council of America’s 61st Annual Survey of Profit Sharing and 401(k) Plans finds the most used benchmarks for retirement plan success remain participation and deferral...
401(k) Plan Sponsors Enhancing Plan Design
The availability of Roth contributions has doubled in the last decade, and more plan sponsors are using a default deferral rate with automatic enrollment that is higher than...
Benefits |
4% Rule Not a Reliable Retirement Income Withdrawal Strategy for All People
A retiree’s investment portfolio is a large factor in determining an optimal, safe withdrawal rate in retirement, but longevity, expected spending and whether guaranteed retirement income is available...
OregonSaves Shows Initial Success
At the time of an analysis from the Center for Retirement Research (CRR) at Boston College, 62% of eligible workers were participating, and 93% of contributing participants had...
Financially Well Employees Buoy the Bottom Line
According to John Hancock data, helping employees reduce their financial worries is well worth employer’s time and attention.
Demand for Financial Advice Is on the Rise
And 401(k) providers are the top source for financial advice.
401(k) Participant Trading Returned to Normal in November
Most 401(k) trading in the month favored fixed income investments.
Products |
Cigna Offers Financial Wellness Program to Group Insurance Clients
The program includes tools such as “money coaching,” where customers can utilize a financial professional for thirty days at no additional cost; identity theft protection and resolution services,...
Lawsuit Argues MetLife Pension Calculations Use Outdated Mortality Table
A newly filed complaint takes issue with the way MetLife calculates the actuarial equivalence of different types of annuity benefit options available in the firm’s pension plan.
More Diverse ERISA Litigation Expected in 2019
Reflecting on lessons learned this year, Jamie Fleckner, partner at Goodwin Procter, says cases still are growing more diverse in their claims and outcomes relative to earlier waves...
Parties in Franklin Templeton Self-Dealing Suit Agree to Settle
Details of the settlement agreement are forthcoming.
Market Volatility Didn’t Bring Down DB Plan Funded Status in November
Firms that monitor defined benefit (DB) plan funded status reported slight gains for the month.
Appellate Court Affirms Dismissal of Chevron ERISA Lawsuit
The 9th U.S. Circuit Court of Appeals found that the facts alleged are insufficient to support a plausible inference of breach of the duty of loyalty, breach of...
403(b) Core Menus Offer Variety of Investments
On average, they offer 27 core investment options, according to ICI and BrightScope
Benefits |
Wellness Programs That Combine Health and Finance Seen as Essential
Findings in a Buck survey demonstrate that a failure to creatively invest in employee wellness can result in many adverse consequences for the success and sustainability of a...
Retirement Industry People Moves
DWC – The 401(k) Experts brings in industry veteran as first in-house actuary; Ascensus adds two executives to retirement division; Willis Towers Watson announces leader of expat benefits...
Economists Remain Optimistic Despite Volatility
The top economists at J.P. Morgan Asset Management and Vanguard remind investors that volatility is normal, and that long-term thinking is a solution to short-term stress about equity...