Pension Plans Took a Beating in September
Institutional investors of all types faced another difficult month.
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Employees Are Stressed Out and Stretched Thin
Financial stress in the workplace costs employers $300 billion a year in lost productivity and absenteeism.
Benefits |
Employees Not Putting Time into Health Benefit Decisions
A study suggests a strong connection between the time spent reviewing benefits and the decision to make a change.
PPA Surcharges Not Included in Withdrawal Liability
A federal court has weighed in on what “the highest contribution rate” means in the calculation of a multiemployer plan member’s withdrawal liability.
Peace of Mind Tops Reasons for Outsourcing Payroll
Nearly six in 10 small business owners are administering payroll on their own.
Credit Suisse Can Continue Managing Retirement Plan Assets
The bank, which pled guilty to criminal charges last year, applied for an exemption that would enable it to keep its status as a qualified professional asset manager.
Teamsters Plan Asks for Benefit Reductions Under MPRA
An actuary report says the Central States plan is projected to become insolvent in 2026.
Majority in U.S. Have Less Than a Grand Saved
Ninety million people have nothing saved.
CBIZ Acquires Georgia Pension Admin Firm
The professional services firm has acquired Pension Resource Group Inc.
Participants Need Good Choices, Education and a Focus on Income
Participants in smaller DC plans especially are not getting the same resources as their counterparts in larger plans, according to a survey.
September Was Not Kind to Pensions
The estimated aggregate funding level of S&P 500 pensions dropped 2% during September.
Fiduciary Fears Still Adding to Passive Product Tailwind
Cerulli Associates finds “fiduciary fears” are supporting flows into lower-cost, passive products, but many plan sponsors...
IRS Reminds Plan Sponsors of Plan Restatement Deadline
April 30, 2016, is the deadline for employers using pre-approved retirement plan documents to sign an updated version of their 401(k), profit-sharing or other defined contribution retirement plans.
Products |
Investment Product Launches for the Week
NEPC improves glide path customization abilities, and MassMutual teams with Envestnet on managed accounts.
House Committee Vote Snubs DOL Fiduciary Proposal
The Republican-controlled House Financial Services Committee approved H.R. 1090, the “Retail Investor Protection Act,” for potential consideration by the floor.
Nearly $1M Left in Abandoned 401(k)
The DOL says a defunct company started plan termination procedures, but failed to complete the termination before ceasing operations.
Why Participation Is Low in K-12 403(b) Plans
Employers cite several reasons they think employees don’t participate in their 403(b) plans, but it may come down to employees’ inability to save more.
Benefits |
Employees Need Incentive to Reduce Health Costs
Health care costs are affecting household budgets, but individuals do not know how to shop for health care.
Benefits |
Employers Shifting Costs and Plan Designs to Avoid Excise Tax
The vast majority of health benefit plan sponsors that would be subject to the ACA Cadillac tax are implementing changes to avoid it, a survey finds.
ERIC Asks IRS Not to Eliminate Determination Letters
The organization claims most large employers do not use predetermined or “off the shelf” retirement plan documents.