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The external breach occurred last summer and may have exposed retirement plan participants’ personal data, such as Social Security numbers and bank information.

Tiara Yachts Inc. accused the health insurance administrator of overpaying medical providers and collecting fees directly tied to ‘inflated’ payments it authorized.

Vanguard expands tax-exempt ETF lineup; Cohen & Steers, IDR launch hybrid real estate strategy; Congruent Solutions implements streamlined payroll, HRIS integration; and more.

Included in House Republicans’ ‘Big Beautiful Bill’ are investment accounts promoting financial security for American children.

The bill would allow periodic automatic reenrollment in workplace retirement plans for workers who opt out of contributions.

According to several research reports, U.S. workers are increasingly concerned about inflation and outliving their savings in retirement, triggering a reduction in savings.

The product offers insights from public health care pricing data to assist plan sponsors with managing rising costs and reducing fiduciary risks.

Former employees allege the retirement services provider breached its fiduciary duties by opting for high-cost investment options despite better alternatives. 

Whether non-ERISA 403(b) plans should have access to invest in collective investment trusts was a point of contention during the committee meeting.

The insurance company joins a laundry list of recent retirement plan providers facing similar litigation.

More than 90% of respondents said it is important that their employer-sponsored retirement plan offer regular payout options, according to a Nuveen and TIAA Institute study.

The Cigna Group was accused of mismanaging the forfeited funds in its 401(k) plan, and a settlement was reached in a case against Intuit Inc.

The American Benefits Council has pitched a plan to redirect some $100 billion in surplus funds from pension funds without terminating retirement plans.

Franklin Templeton appoints head of custom client solutions; TIAA promotes Hester to chief legal officer; Aon names a chief strategy officer; and more.

Vontobel enters active ETF market; Lincoln Financial launches an accumulation-focused life insurance product; Parnassus Investments launches an international equity fund; and more.

Rising discount rates drove down liabilities, offsetting equity market losses. 

Janet Dhillon, the nominee to serve as director of the PBGC, was approved by the Senate committee in a narrow vote.

Senator Bill Cassidy proposed two bills that aim to strength employee stock ownership plans.

The firm is joining forces with several private investment fund managers and custodians to bring private investments to managed accounts in defined contribution plans.

Day-to-day financial stress tops employee concerns, but most employers still focus on long-term retirement planning.