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The firm’s annual 401(k) plan participant survey found retirement confidence has stagnated amid inflation concerns.

A Thinking Ahead Institute study found that 60% of global defined contribution organizations consider retirement income a top issue.

The plaintiffs accuse the company of excessive recordkeeping fees and managed account charges, poor-performing funds and using forfeitures to offset employer contributions.

Guaranteed income products work like the safety net program, but experts say they may be less likely to help lower-income earners.

Three plan participants alleged 75% of the retirement plan’s $1.6 billion in assets under management was invested in poor-performing, low-rated, proprietary investments.

The insurance expert, who awaits a full Senate vote, said he would ‘end the war on ESOPs’ if confirmed.

The Department of Labor requested industry advice on how to improve pooled employer plans and make them more effective for small businesses.

The hack was noticed one day after malicious actors gained access to a CRM system used by the insurer.

The firm reported its service increased participants’ saving rates, especially among those who were not on track for retirement.

Alliant Insurance Services adds VP within its Employee Benefits Group; Ares Management appoints co-head of global capital solutions; and more. 

The five principles aim to help fiduciaries responsibly utilize alternative investments within a defined contribution framework.

Senators scheduled the markup after a hearing on Thursday in which they discussed the proposed legislation.

The funding ratio of state and local pension plans is projected to have increased slightly since 2023, despite greater stock market growth.

The legislation, introduced in the Senate in May, would allow employees younger than 21 to participate in their company’s 401(k) plan.

Filing after the Department of Labor’s amicus brief, Illinois plaintiffs allege that a grocery company violated its fiduciary duty by ‘failing to promptly exhaust forfeited funds.’

Candidly introduces AI Assistant; AllianceBernstein adds Pacific Life to multi-insurer platform; Crossmark, GlobalX, Invesco, Janus Henderson launch ETFs; and more.

Researchers found the availability and affordability of long-term services and support pose threats to retirement readiness.

State funds will make money this year but may miss their benchmarks, according to Equable.

Two former employees of Nokia North America allege that the company failed to replace poorly performing funds. 

Congress has introduced two bills this year regarding the agency’s practices.