District Court Soundly Dismisses Washington University 403(b) Lawsuit
The court holds that bundling services or revenue sharing are common and acceptable investment industry practices that frequently inure to the benefit of ERISA plans.
Latest News
Americans Want a Combination of Tech and Humans for Help With Finances
Those surveyed said if they were to trust an online or mobile app, it first would need to be easy to use, followed by giving them access to...
Sponsors Must Submit IRS Voluntary Correction Program Docs Digitally
According to IRS Revenue Procedure 2018-52, in general, beginning April 1, 2019, plan sponsors must use the www.pay.gov website when filing a VCP submission and paying applicable user...
Managing Growing PBGC Premiums
How do plan sponsors do that, and have they already taken steps to do so?
Using Detailed Plan and Participant Analytics Can Improve Retirement Readiness
Willis Towers Watson believes plan-wide statistics on mean or median participation rates, balances or contribution rates measure aggregate data on all participants but offer little in the way...
Court Deems Principal Not a Fiduciary in Lawsuit Over GICs
The court granted the Principal defendants’ motion for summary judgment on all counts in a case questioning guaranteed investment contract arrangements.
Retirement Industry People Moves
USI selects Retirement Services VP; Former actuarial consultant joins MassMutual as pension leader; and U.S. Credit head joins TwentyFour Asset Management.
Products |
John Hancock Offers 401(k) Plan Cybersecurity Guarantee
The offering will reimburse eligible participants for unauthorized transfers from their 401(k) retirement accounts.
Family Savings Act, Which Boosts Open MEPs, Passes House
Before the House passed the Family Savings Act, leadership added the Senate’s annuity selection safe harbor provision from RESA, potentially increasingly the appetite for compromise legislation.
Decumulation a Slow Process for Retirees
They are worried about longevity risk, the Plan Sponsor Council of America says.
Benefits |
Employers Focus on Clinical Conditions to Manage Health Benefit Costs
Employers also plan to enhance their wellbeing programs and include initiatives that reduce the impact of chronic diseases on employees, Willis Towers Watson finds.
403(b)s Show Improvement in Use of Considered Best Practices
More are using automatic plan features, fiduciary advisers and investment policy statements, PSCA finds.
Millennials Add More to ETFs than Other Generations
A Charles Schwab self-directed brokerage account (SDBA) report found that Gen Xers and Baby Boomers allocated less to their exchange-traded funds (ETFs) than the younger age group.
Annuity Selection Safe Harbor Tacked Onto Retirement Bill
The House Ways and Means Committee Chairman submitted an amendment to the Family Savings Act.
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403(b) and 457(b) Plan Recordkeeper Enhances Platform
IPX is a modernization of traditional recordkeeping platforms that serve plans with multiple providers.
LGBTQ Retirement Savers Need to Invest More Conservatively
Stock market volatility and a major downturn in the stock market seem worrisome for the LGBTQ community as people approach or live in retirement. MassMutual suggests adviser conversations...
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Investment Product and Service Launches
Capital Group adopts PFaroe; Reliance Trust chooses Northern Trust to support CITs; Vanguard introduces low-cost ESG ETFs; and more.
Most Participants Welcome Retirement Savings Help From Plan Sponsors
Many participants see the match percentage as a suggestion for how much to save; the majority of participants support automatic plan features; and even participants who are hands-on...
EEOC Cracks Down on Age Discrimination With a New Lawsuit
The agency is accusing an internet-based auto parts seller of violating federal law when it refused to hire a 64-year-old job applicant.
Trade War Effects on Retirement Plans
What plan sponsors should consider as trade wars intensify.