Divisions Remain in Courts Regarding the Burden of Proof
A case set to go to the U.S. Supreme Court for a decision about who bears the burden of proof when fiduciary harm is alleged in ERISA cases...
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Providers Collaborate on Employer Student Loan Repayment Benefits
Edukate’s 48,000 users can engage with Gradifi’s solutions once their employer adds the benefit to their platform.
Transamerica Offers Suggestions for Further Improving Retirement Security
While defined contribution plans showed resilience during the Great Depression and recovery, more can be done to help participants, Transamerica Center for Retirement Studies says.
Translating Account Balances to Monthly Retirement Income Helps Participants
As a result of seeing their estimated income, almost half of all workers (48%) increased their retirement savings, LIMRA SRI finds.
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E*TRADE Launches Planning Center for Equity Compensation Plan Participants
According to E*TRADE, the tool aims to help participants understand how proper utilization of proceeds can meet financial goals, among other things.
IRS Modifies Safe Harbor Explanations for Rollovers
The modifications take into consideration changes related to qualified plan loan offsets and other statutory changes.
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Employees Would Value Employer-Sponsored Emergency Savings Program
The “Saving at Work for a Rainy Day” report indicated that seven in ten employees would likely participate in an employer-based rainy-day savings program.
Rising Short-Term Interest Rates Can Benefit Retirement Investors
Higher short-term rates translate into additional income for investors from their bond portfolios, and their fixed-income allocation should provide greater ballast for the more volatile equity component of...
ERISA Section 404(c): Back to Basics
To be 404(c) compliant, a plan must offer a broad range of investment options and make it possible for participants to view and control their investments; the prescription...
Sources Say Invesco Will Buy OppenheimerFunds
Oppenheimer is the 12th largest U.S. mutual fund family by assets.
Retirement Industry People Moves
The Wagner Law Group Welcomes Attorneys Quinn and Burwick; Independent Retirement Hires Retirement Plan Consultant; SageView Hires Managing Director; and more.
The Perils of Ignoring Participant Complaints
If a plan sponsor fails to respond, they could face a civil and/or DOL lawsuit
Sanctions Called for Workers and Attorneys in Sacerdote et al. v. NYU
There are several bases on which the court could impose sanctions.
Auto-Portability, Universal Coverage Would Reduce Retirement Shortfall
EBRI says that if the Automatic Retirement Plan Act of 2017 was combined with auto-portability, the retirement savings shortfall of $4.13 trillion would be reduced by $932 billion,...
Protecting the Rights of Alternate QDRO Payees, When it Comes to Divorce
Senator Patty Murray (D-WA) sent a letter to Government Accountability Office (GAO) requesting a study on the QDRO process.
How to Talk Through Volatility with Plan Participants
It is also important to keep participants’ eyes on the longer term, says Frank Pape, director of consulting services at Russell Investments in Seattle. If participants are experiencing...
How Sponsors Can Offer Guaranteed Lifetime Income
One option is through a profit sharing plan that invests the money in an annuity once a participant retires.
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Principal Expands Financial Wellness Program
Principal Milestones, which includes iGrad’s Enrich financial wellness program, helps participants access comprehensive financial education resources all in one place.
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Investment Product and Service Launches
MassMutual debuts RetireSMART TDF series with J.P. Morgan glide paths, while AXA doubles down on SRI/ESG integration.
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MassMutual Paper Serves As Primer for PRT Considerations
“While PRT can be a highly effective tactic for plan sponsors to reduce risk and shift liabilities off their books,” MassMutual says, “it’s possible to increase pension costs...