Employees Overestimate Knowledge About HSAs
Bank of America Merrill Lynch’s 2018 Workplace Benefits Report also finds men and women show different levels of financial stress.
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NYU Claims Victory in 403(b) Plans Lawsuit
In the first university 403(b) plans case to go to trial, a federal district court found the plaintiffs have not proven that the NYU retirement plans committee acted...
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JHRPS Offers Financial Aggregation Tool
In applying My Money Connector, retirement plan participants can work toward a budget, monitor spending habits, determine savings goals and manage finances, says the firm.
Your DB Funded Status Has Improved? Now What?
Corporate DB plans have experience funded status improvement, and LDI strategies help plan sponsors preserve this; however, investment committees are looking for new asset classes that can provide...
Half of Retirement Savers Think They Are Behind
Ninety-eight percent wish there was a way to make up for lost time, but 63% say they cannot take the chance of investing in higher risk financial products.
Plan Sponsors Shouldn’t Fear Making Settlor Decisions
Retirement plan sponsors often fear participant backlash when making decisions that could actually help improve participant outcomes, but the law is on their side, as plan amendments are...
TIAA Finds Retirement Plan Leakage Offsets Automatic Enrollment Benefits
While automatic enrollment generates positive effects, a report argues how these results are counterweighed by pre-retirement withdrawals.
Will Employees Contribute More to HSAs?
Legislation has been passed that would increase HSA contribution limits, but prior data shows few employees actually contribute the maximum.
PBGC Offers Resource for Practitioner Questions
One interesting question addressed is whether spinning off a separate plan during the plan year is a way to reduce PBGC premiums.
‘Sua Sponte’ Leave Granted to Amend Pioneer Money Market Complaint
The new ruling in Barrett vs. Pioneer does little to resolve the fundamental issues at hand, offering some points of victory to both sides and implying a new amended...
Retirement Industry People Moves
Portfolio Management Program Joins LPL Platform; Catawba Capital Joins CAPTRUST; GAM Investments Appoints Managing Director; and more.
Raytheon Transfers Nearly $1B in Pension Obligations to Prudential
Peggy McDonald, the senior vice president who led negotiations for Prudential, says the firm is committed to providing vested participants, retirees and benefices seamless transition.
Four Multiemployer Pension Plans Apply to Reduce Benefits
They are seeking reductions as high as 50%.
ERIC Calls Foul in DOL’s Missing Participant Push
In an open letter asking for more detailed guidance, the ERISA Industry Committee spells out what it says are “examples of missteps” by the DOL, including “issuing letters...
Clearing the House, HSA Bills Face Less Certain Senate Consideration
If plan sponsors have suggestions and or would like to express support for health savings accounts, now is a good time to let members of Congress know, or...
Bill Would Establish Personal Savings Accounts Based on TSP
The concept is being reintroduced through the American Savings Act
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Northern Trust Develops Tools Enhancing Transparency
The features will reportedly raise "demand from private equity financial officers for direct and immediate access to their data—enabling general partners to drill down into their trial balances...
Distributions Basics Confuse Sponsors and Participants
The rules set around all the different types of qualified retirement plan distributions are quite complex, but plan sponsors have a lot of places to turn for support...
Plaintiffs’ Prudence Claims Snapped in General Cable Stock Drop Suit
In dismissing the stock drop challenge, the judge offers an illuminating review of what is required by ERISA’s duty of prudence; discussion of counts alleging breaches of the...
‘Prudence’ and ‘Loyalty’ Feature in Second Rejection of Wells Fargo Stock Drop Suit
While they won the day, defendants unsuccessfully argued that the Dudenhoeffer pleading standards should be applied not only to prudence claims, but to loyalty claims as well.