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Former employees allege the retirement services provider breached its fiduciary duties by opting for high-cost investment options despite better alternatives. 

Whether non-ERISA 403(b) plans should have access to invest in collective investment trusts was a point of contention during the committee meeting.

The insurance company joins a laundry list of recent retirement plan providers facing similar litigation.

More than 90% of respondents said it is important that their employer-sponsored retirement plan offer regular payout options, according to a Nuveen and TIAA Institute study.

The Cigna Group was accused of mismanaging the forfeited funds in its 401(k) plan, and a settlement was reached in a case against Intuit Inc.

The American Benefits Council has pitched a plan to redirect some $100 billion in surplus funds from pension funds without terminating retirement plans.

Franklin Templeton appoints head of custom client solutions; TIAA promotes Hester to chief legal officer; Aon names a chief strategy officer; and more.

Vontobel enters active ETF market; Lincoln Financial launches an accumulation-focused life insurance product; Parnassus Investments launches an international equity fund; and more.

Rising discount rates drove down liabilities, offsetting equity market losses. 

Janet Dhillon, the nominee to serve as director of the PBGC, was approved by the Senate committee in a narrow vote.

Senator Bill Cassidy proposed two bills that aim to strength employee stock ownership plans.

The firm is joining forces with several private investment fund managers and custodians to bring private investments to managed accounts in defined contribution plans.

Day-to-day financial stress tops employee concerns, but most employers still focus on long-term retirement planning. 

The Trump administration is reconsidering the final rule that was issued last year, and it may rescind or modify the regulation.

The 389-page House bill includes expanding ABLE accounts, college savings and health savings accounts, while adding new ‘MAGA’ accounts for kids and deductions for seniors.

The former Swiss Re employees had accused Empower of charging excessive recordkeeping fees and using participant data to market its own Roth IRAs.

The reintroduced legislation would lower the participation age for ERISA-covered defined contribution plans to 18 years old.

Some 60% of public employees said they need more support to understand how much to save for retirement, per MissionSquare Research Institute.

Contribution limits on health savings accounts will increase again in 2026.

In a letter to the SEC, senators and representatives wrote that a ban would remove an ‘unacceptable risk’ and protect American markets, investors and security.