Senate HELP Committee Plans Hearing on Boosting Retirement Benefits for Independent Workers
Lawmakers will consider the issue following introduction of a string of bills this week to provide portable benefits to gig workers.
Latest News
Retirement Industry People Moves
Dechert adds Robert Shapiro to DC office; FTI hires Luke Shane; PenChecks taps director of institutional investigations; and more.
401(k) Trading Hot Most of Q2, Cooled in June
Investors rapidly shifted funds from stocks to fixed income, then backed off.
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Product & Service Launches
Vanguard launches ETFs focused on U.S. government bonds; BlackRock acquires ElmTree; Acuity launches RFP Pulse; and more.
District Court Partially Strikes Down DOL’s Fiduciary Rule
A legal expert calls the 2023 magistrate judge’s opinion that was upheld in this week’s ruling ‘devoid of logic’ and anticipates an appeal.
MarylandSaves Elects State Treasurer Dereck Davis as Board Chair
Davis has been part of the program’s executive committee since he was elected state treasurer in 2021.
DOL Backs Companies on 401(k) Plan Forfeiture Complaints
In filing an amicus brief on an appeal involving HP Inc., the Department of Labor offered guidance on an issue that has prompted more than 50 new cases...
Benefits |
State and Local Government Recruitment Improves as Federal Hiring Falls
The Department of Labor’s June jobs report and new MissionSquare research indicate that state and local hiring has risen.
IRS Expands Pre-Approved 403(b) Plan Options to Streamline Compliance
The approach offers risk mitigation, often at a lower cost.
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Transamerica Introduces Nuveen TDFs, TIAA Lifetime Income
The product will be a default option for Transamerica retirement plans.
Senators Unveil Bills Aimed at Boosting Retirement Security for Gig Workers
Lawmakers are attempting to expand access to defined contribution plans for independent employees.
Benefits |
Defaulting Some DC Plan Assets Into Annuities Could Improve Income in Retirement
Three academics explored a guaranteed payout path involving defaulting retirement assets into annuities.
Benefits |
Retirement Relief Available Amid Texas Floods
The Federal Emergency Management Agency issued a major disaster declaration, clearing the way for assistance.
Empower Responds to Warren, Urging Private Markets Inclusion in 401(k)s
The asset classes should be available to retirees to help with the ‘democratization of private investing,’ the company stated.
DOL Submits Pooled Employer Plan RFI to OMB
The July 1 request indicates the Department of Labor is preparing PEP-related reports, as laid out by the SECURE and SECURE 2.0 Acts.
New York City Bar Committee Urges Trump Administration to Strengthen Retirement Security
In a letter, the group also pushed Congress to expand the retirement sector after the passage of the ‘Big Beautiful Bill.’
Retirement Industry Mostly Applauds ‘Big Beautiful Bill’
President Donald Trump’s key legislation offers little change to the sector.
President Trump Signs Massive Tax and Policy Bill
President Trump has signed the measure that preserves tax deferral for retirement savings, raises taxes on certain endowments, makes cuts to federal benefits and much more.
UC Investments and State Street Announce Strategic Alliance
The partners aim to provide institutional-grade investment tools and opportunities to retirement investors in the state's DC plan.
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Product & Service Launches
Guardian Payroll launches an end-to-end solution; Cambria rolls out a global equity ETF; Allianz adds buffered ETFs; and more.