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The complaint specifically calls out the use of BlackRock target-date funds which it says use excessive fund layering, subjecting participants to higher fees.

Segal names Public Sector Market director; Securian expands retirement business; Lockton opens new office; and more.

Ultimately, Putnam Investments prevailed in a lawsuit claiming it and its retirement plan fiduciaries engaged in prohibited transactions by offering proprietary funds in its plan.

The bill would require employers to help participants understand how their savings would translate to lifetime income.

The bill would amend the nondiscrimination rules that apply to DB plans that have been closed or frozen.

Orion agreed it won't maintain any wellness program in the future that poses disability-related inquiries or seeks a medical examination that is not voluntary within the meaning of...

Nationwide adds 3(21) fiduciary service from IRON Financial; Delaware Investments rebrands; Trust Company of America launches ETF Custody Advantage; and more.

The firm’s new approach is to perform testing on a quarterly basis.

The core of the plaintiffs’ claims relate to the use of American Beacon Funds in the plan, which were created by AMR Corp., American Airlines’ parent company and...

The solution is an open architecture investment program with intuitive technology that allows for ease of set-up and ongoing management for plan sponsors and participants.

Fidelity Investment’s new assessment will take into account how people are managing their money as well as how they feel about finances.

Canadian pensions do a good job of keeping costs down, diversifying and using alternative investments.

Industry advocates and businesses have formed a coalition with the mission to expand Americans’ access to retirement plans and to protect its current tax incentives.

Their “Retirement Ripoff Counter” shows that without the protections of the fiduciary rule, investors are losing $1.9 million an hour, $46 million a day—and $17 billion a year.

Among other results, the digital investment advisor company Stash found a lack of 401(k) utilization from Millennials. 

EBRI has joined the Bipartisan Policy Center in calling for a national, private-sector clearinghouse that could seamlessly handle rollovers from one plan to another.

HSA adoption is on the rise, but several misconceptions are keeping people back from maximizing their benefits, according to research by Fidelity Investments. 

 

Nearly three-quarters handle five or fewer retirement plan audits a year, and this can lead to costly errors.

The Department is making the move in response to the Trump memorandum.

Features include interactive dashboards that organize member benefits, expense summaries, plan eligibility, claim summaries, and more.