Is There Any Hope for 403(b)s to Be Able to Use CITs?
These lower-cost funds are growing more popular in the 401(k) market, but are not available to most 403(b) plans.
Latest News
District Court Admits Error in ERISA Lawsuit Ruling
The district court’s new decision comes after its previous move denying defendants’ motion for summary judgment against plaintiffs’ claims, which cover a variety of fiduciary breach allegations; a...
ERISA Excessive Fee Suit Filed Against University of Rochester
The suit challenges fees paid to provider TIAA.
Lawsuit Filed Against Plan Sponsor, Aon Hewitt for Untested Funds in 401(k)
According to the complaint, the defendants removed a large number of established funds in the plan that were performing well (at Hewitt’s urging), and replaced them with an...
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First Trust Creates Index-Based ETF
The First Trust Dorsey Wright DALI 1 ETF seeks to correspond to the Nasdaq Dorsey Wright DALI 1 Index, which is designed to evaluate four broad asset classes:...
Hearing Witnesses Urge Passage of Proposed Retirement Plan Legislation
The hearing focused on four bipartisan proposals, and hearing witnesses expressed their support for these proposals, while some also urged legislators to move forward on the Retirement Enhancement...
Commitment to 401(k) Investing Remains Strong
A mere 2.7% of Americans stopped contributing to their defined contribution plan in 2017, the ICI reports.
LIMRA SRI: Preventing Brain Drain Should Be a Retirement Program Goal
As skilled Baby Boomer employees begin to reach the traditional retirement age, employers need to examine their policies and procedures to address the potential loss of talented and...
Recent Dip in Average Fidelity Account Balance Belies Long-Term Trend
Average individual 401(k), 403(b) and IRA account balances increased year-over-year, according to the latest cut of data from Fidelity’s book of retirement business, but the average dipped slightly...
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Wellness Solution Targets Behavioral Change
The platform provides digital and workplace financial wellness features for employees.
Cutting Public Pension Benefits Would Hurt the Economy
The impact of investment of assets plus spending of pension checks by retirees in 2016 yielded a $1.3 trillion contribution to the economy and $277.6 billion to state...
Americans Would Like Retirement Security Laws Passed
Eighty percent of American workers surveyed said they would like to hear congressional candidates discuss retirement security.
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Sentinel Updates Benefits Data Delivery and Improves Data Protection
With Actifio Sky and Actifio Data-as-a-Service, Sentinel Benefits was able to create high-availability customer data solutions and obtain data protection improvements.
Procrastinating Retirement Savings Is Americans’ Biggest Financial Regret
That is followed by not saving for an emergency, and taking on too much credit card and too much student loan debt.
Written Financial Plans Empower Employees’ Economic Future
“The idea that financial planning and wealth management are just for millionaires is one of the biggest misconceptions among Americans, and one of the most damaging,” warns Joe...
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Centurion Group Offers Financial Wellness Program for Plan Sponsors
What sets Centurion’s service apart is its focus on analyzing benefits spend and helping plan sponsors find the money to offer financial wellness to employees.
Plan Fees Have Fallen, But So Have Deferral Rates
Data from BMO GAM shows DC retirement plan fees have fallen for all sizes of plan sponsors except those with between $10 million and $50 million in assets.
Professional Investment Assistance Helps DC Plan Participants’ Outcomes
However, an analysis from Alight Solutions found users of managed accounts see higher returns, are more diversified and save more in their DC plans than TDF users.
401(k) Investors Moved into Fixed Income in April
In light of the market volatility, they fled from equities
Court Orders Former Lighting Company Owner to Pay Back Profit Sharing Plan
An investigation conducted by the DOL found the past trustee had issued checks from the plan’s checking account to the House of Lights, himself and others for $1,308,862,...