R.I. Governor Signs Bill to Facilitate Settlement of Church Plan Suits
A newly filed challenge to St. Joseph Health Services of Rhode Island’s retirement plan claims the plan at some point failed to be a church plan, and entities...
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GWU Tells Court 403(b)s Cannot Be Compared to 401(k)s
In a brief supporting a motion to dismiss a case against George Washington University related to the management of its 403(b) plan, the defendants note that 403(b)s have...
PSNC 2018: Benchmarking Retirement Readiness
Reviewing a participant’s financial health involves more than just deploying the latest retirement readiness tools.
Gig Worker Financial Woes Could Affect Retirement Ability
“These findings are a call to action for advisers, employers and policymakers, who have the ability to help gig workers set up retirement savings plans, acquire adequate insurance...
Many Americans Prioritize ‘Wants’ Over Saving
Four in ten Americans (40%) admit that they have tapped into their savings to pay for something that they really want, but didn’t absolutely need.
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Principal Offers Retirement Plan Solution for Small and Mid-Sized Employers
The solution offers participant features and additional customizable features typically enjoyed by larger corporations.
Fifty Years After ADEA, Age Discrimination Still Significant
A report by the EEOC Acting Chair says age discrimination can thwart employees’ plans to work longer and could affect retirement plan drawdown strategies.
Only 20% of Workers Believe They Are Saving Adequately for Retirement
On top of this, more than three in four worry Social Security could be extinct by the time they retire.
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Firms Offer Enhanced Stop-Loss Product for Employers That Self-Insure Health Benefits
In addition to seamless claims reimbursement, the new offering gives mutual clients convenient reporting, improved clinical and risk management, and the opportunity to share favorable results via a...
Recordkeeper Market Caters to All Plan Sizes, but Differently
The 2018 PLANSPONSOR Recordkeeping Survey has found smaller plans tend to align with adviser-centric recordkeepers or those supplying core business services—e.g., payroll—while larger plans migrate toward providers offering...
Gen Xers Show Stunted Retirement Preparedness
More than one-third of Gen Xers say they have no money at all saved for retirement, and 29% expect Social Security to be their primary source of retirement...
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ABG of Michigan Introduces Financial Wellness Program
ABGMI works with each company and its financial adviser to design a custom program based on the company’s goals, objectives, and employee demographics.
Groom Law Group to IRS: More Plan Types Need Determination Letters
Under the restricted determination letter program created by IRS Revenue Procedure 2016-37, a plan can now request a determination letter only in very limited circumstances; attorneys with Groom...
2018 PLANSPONSOR National Conference Coverage
A recap of presentations and discussions during the 2018 PLANSPONSOR National Conference.
MetLife Accused of Failing to Pay Retirees Covered by Pension Risk Transfers
The company is facing lawsuits by a retirement plan participant whose assets were transferred to MetLife as well as by Massachusetts Secretary of the Commonwealth William Galvin.
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Retirement Plans Must Be Paired With Educational Programs
Ongoing education makes participants aware of the plan and underscores its value.
2018 PSNC: Small Plans, Big Results
Creative and cost-efficient strategies to motivate employees at small companies to engage in their retirement plan.
Tax Reform, Other Factors Leading DB Plans to Increase Funding
Nearly two-thirds (62%) of respondents to a survey say they are "very likely" to transfer some or all of their pension obligations to an insurance company once their...
Cerulli Analysts Tackle Tough Topic of ESG ‘Materiality’
While not a new concept, materiality is essential to efficiently integrating ESG factors into the investment process; it all boils down to being able to determine which ESG factors are...
ARA Study Finds Electronic Delivery of DC Plan Disclosures Can Save Money
Current regulations requiring paper delivery of participant DC plan information can cost investors between $350 to $500 million per year, which can reduce the average account balance by...