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An EBRI study found 39% of health plan participants were unsure whether mental health services were covered in the same way as medical care.

The decision comes as the department plans to follow President Donald Trump’s executive order to ‘clarify’ its stance on use of the investments in defined contribution plans.  

The company is seeking to use proceeds from a pension reversion to pay down debt and avoid insolvency.

A federal judge in Virginia allowed ERISA claims to continue and ruled the plaintiffs may amend the complaint to fix an issue of standing.

The U.S. Chamber of Commerce, the ERISA Industry Committee and others filed an amicus brief stating that ‘speculative’ allegations should be dismissed.

Employers who adopt the plans in 2025 must notify their employees by September 1 and have the plans up and running by October 1.

The proposal would have repealed the protections offered in the Pension Protection Act of 2006.

While almost all nurses contribute to a defined contribution plan, only 56% were on track to meet savings goals, per Fidelity.

Excessive-fee allegations survived, while complaints about improper use of forfeitures were dismissed.

Participants with at least $2,000 in emergency savings contributed more to their 401(k) accounts and took fewer withdrawals than those without, the firm found.

The closure followed the Social Security Administration’s cuts to research funding, announced in February. 

Congress introduced a bill this year to remove early withdrawal penalties for participants in qualified retirement plans that have been affected by fraud.  

Baron Capital makes senior hires; Horatio Sparkes leads business development at Pandion; Inspira Financial appoints Debby Moorman as EVP; and more.

Imagine360 product provides health care spend transparency; PGIM expands fixed-income ETF offerings; SmartX introduces full integration of semi-liquid alt investments; Tortoise Capital adds to its lineup of ETF...

The order directs the Labor Department, Treasury and SEC to reexamine guidance around alternatives, including cryptocurrency, in retirement plans to encourage wider adoption.

The firm announced plans to reduce overall expense ratios by as much as 45%.

Growth has continued on both the asset and account level in 2025.

The analysis urges plan sponsors to incorporate private credit into defined contribution plan investments, particularly target-date funds.

The Social Security Administration’s top actuary provided an estimate that the ‘Big Beautiful Bill’ will have ‘material effects’ on the funds’ financial status.

In a recent study by Mercer, 77% of employers named the management of GLP-1 costs as their top health-benefit issue.