Requirement to Obtain Health Plan Identifier Delayed
The Centers for Medicare and Medicaid Services (CMS) has delayed the requirement for health plans to obtain a health plan identifier and use it for certain transactions.
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Nationwide Adds Managed Account Monitoring to Fiduciary Services
Nationwide has expanded the company’s 3(38) investment fiduciary service from IRON Financial, LLC.
Retirement Plan Provisions That May Confuse
Some retirement plan provisions can create headaches for plan sponsors.
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JPM Unveils SmartRetirement R6 Shares
J.P. Morgan Asset Management said it will offer R6 share classes of the J.P. Morgan SmartRetirement Mutual Fund series of target-date funds (TDFs).
The Case for Real Estate in DC Plans
Adding a 10% real estate exposure to defined contribution retirement plan portfolios can enhance the risk-return outlook and dampen volatility for participants, a new study suggests.
Court Revisits Ruling in Light of Dudenhoeffer Decision
The 9th U.S. Circuit Court of Appeals has revisited its ruling in a retirement plan stock drop suit in light of the U.S. Supreme Court’s decision in Fifth...
PBGC Secures $39M for Pension from Foreign Parent Company
After a lengthy court battle, the Pension Benefit Guaranty Corporation (PBGC) received a pension settlement from a Japanese parent company.
CalPERS Receives $249M from Bank of America Settlement
The California Public Employees’ Retirement System (CalPERS) has received $249.3 million in damages from Bank of America.
U.S. Pensions' Funded Ratio Unchanged in October
The aggregate funded ratio of U.S. corporate pension plans was relatively unchanged in October.
Retirement Plans Need to Be Considered in M&As
All too often, a firm conducting a merger or acquisition (M&A) fails to weigh the options for each organization’s retirement plan.
Employers Fight Stress Through Financial Education
Employees provided with financial education programs are less stressed, more prepared for retirement, and have better understanding of their finances, according to a report from the International Foundation...
MassMutual Agrees to Settle Revenue Sharing Lawsuit
Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to settle a lawsuit brought by a 401(k) plan sponsor alleging the company breached its fiduciary duties when it received...
DOL Files $7M Improper Investment Suit
The Department of Labor filed a lawsuit to restore $7 million to participants in two Wheeling, West Virginia-based retirement plans, following alleged misconduct by plan fiduciaries.
Society of Actuaries Pledges Faster Mortality Scale Updates
More than a decade passed between the two most recent mortality table updates from the Society of Actuaries, but retirement plan fiduciaries should expect the next updated mortality...
Benefits |
Remind Employees About the Saver’s Credit
The Internal Revenue Service (IRS) has issued a reminder that employees can plan now to get the benefit of the saver’s credit for retirement savings.
Blended Families Face Major Savings Challenges
Parents who are married or living together with children from a previous relationship face a challenging financial outlook, especially when it comes to retirement savings.
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Houston Firm Unveils C-Suite Advice Service
Kanaly Trust’s Corporate Executive Financial Counseling program aims to help with employee retention and with analysis of company benefit decisions.
Enforcing Plan Limits for 403(b)s Not So Simple
There are unique rules for 403(b) plans that make enforcing contribution and benefit limits not so straightforward.
GE Sued for Moving to DC Model for Retiree Health Care
One current and one former General Electric employee have sued the company for moving to a defined contribution (DC) model for retiree health care benefits.
A Review of PBGC Reportable Events
There are certain events that defined benefit (DB) plan sponsors are required to report to the Pension Benefit Guaranty Corporation (PBGC) before they happen.