Plan Provider Faces Excessive Fee Suit
Another class action lawsuit has emerged challenging a retirement plan sponsor for allowing allegedly excessive fees—this one directed at a plan provider’s own 401(k) program.
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Pension Risk Transfer Activity Still a Moving Train
Movement towards transferring DB sponsors’ pension obligations continued in 2015 despite concerns voiced by participants, lawmakers and regulators.
JP Morgan Settles Securities Case with Public Pension Funds
The lawsuit claimed JP Morgan misled investors about its trading activity, inflating the price of its stock before suffering large trading losses.
Look to Large Retirement Plans as Models
An extensive new report from BrightScope and the Investment Company Institute finds large plan sponsors, in particular, are squarely focused on leveraging the power of plan design.
Want to Weigh In on Providing SARs to Participants?
OMB is asking for comments about the necessity of providing Summary Annual Reports to participants, the amount of burden it creates for responders and how to improve the...
GASB Issues Several New Standards for Governmental Plans
The guidance is related to accounting and financial reporting of fiduciary activities, certain asset retirement obligations, and pension issues.
EBRI Questions Important Source of Plan Usage Data
A new report from EBRI describes an interesting anomaly that emerged in the most recent population survey published by the U.S. Census Bureau.
A Time for Education and Exchanging Ideas
Each year PLANSPONSOR provides all the information plan sponsors need and want to know during its annual conference.
Benefits |
Illinois Idea to Tax Retirement Income Gets Pushback
No formal legislation has been put in writing, but some lawmakers and lobbying groups are trying to prevent that from happening.
Products |
More Providers Invest in Digital Advice Provider
Providers investing in NextCapital are striving to improve outcomes for investors.
IRA Rollovers Won’t Slow Post Fiduciary Reform
In a new report, Cerulli Associates explores the impact the Department of Labor's proposed conflict of interest rule may have on future rollovers to IRAs.
Mobile Transaction Capabilities Increasingly Available to Participants
Every retirement plan provider analyzed by Corporate Insight enables participants to adjust their contribution rates from at least one mobile platform.
Fidelity Faces ERISA Lawsuit over Stable Value Fund
The suit says Fidelity was overly conservative in its underlying investments and used strategies to appease wrap providers to the detriment of 401(k) plan participants.
For Providers, 2015 Was Year of the Fiduciary
Looking back over a year of compliance coverage on www.plansponsor.com, few topics match the volume of reporting filed on the Department of Labor’s fiduciary rulemaking effort.
Retirement Industry People Moves
Lathrop & Gage adds an ESOP pro, BTIG expands its transition management unit and Mercer teams with Vemo.
Reps Try Again to Influence Fiduciary Rule Process
Representatives say their new proposals would take steps to codify a set of bipartisan principles members introduced in November.
New DCIIA Guide on Retirement Income Design
The Defined Contribution Institutional Investment Association issued a white paper to help sponsors do a better job of preparing participants for retirement.
Volatility Aside, Global Markets Still Look Promising
Central bank policies around the world are diverging, which could cause volatility spikes, according to Goldman Sachs Asset Management—but that doesn’t mean it’s time to turn off risk.
Products |
Manning & Napier to Acquire Rainer Investment Management
The companies expect to bring new market cap-based equity strategies to retirement plan clients, with a focus on target-date funds.
Health Plan Sponsor to Repay Kept Premiums
A business owner failed to refund more than $8,000 in employee-paid premiums after his company went out of business.