News Archives | Page 344 of 2680

Products | December 12th, 2018

Alegeus Starts ‘Smart HSA’ Initiative

The first component of the initiative is a portal that will help employers focus on the metrics that are most impactful to their bottom line and provide a...

Compliance | December 12th, 2018

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.

Compliance | December 12th, 2018

$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.

Administration | December 12th, 2018

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,...

Data and Research | December 12th, 2018

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...

Data and Research | December 11th, 2018

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 | December 11th, 2018

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...

Data and Research | December 11th, 2018

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...

Data and Research | December 11th, 2018

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.

Data and Research | December 11th, 2018

Demand for Financial Advice Is on the Rise

And 401(k) providers are the top source for financial advice.

Investing | December 11th, 2018

401(k) Participant Trading Returned to Normal in November

Most 401(k) trading in the month favored fixed income investments.

Products | December 10th, 2018

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,...

Compliance | December 10th, 2018

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.

Compliance | December 10th, 2018

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...

Compliance | December 10th, 2018

Parties in Franklin Templeton Self-Dealing Suit Agree to Settle

Details of the settlement agreement are forthcoming.

Administration | December 10th, 2018

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.

Compliance | December 10th, 2018

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...

Data and Research | December 7th, 2018

403(b) Core Menus Offer Variety of Investments

On average, they offer 27 core investment options, according to ICI and BrightScope

Benefits | December 7th, 2018

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...

Deals and People | December 7th, 2018

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...

Latest News