Senate Takes Up Plan Startup Retirement Tax Credit Legislation
The legislation mirrors another bill in the House, which increases credits for offering retirement plans for the smallest businesses.
Latest News
Benefits |
Entergy to Transfer $1.2B in Pension Liabilities
Transaction with MetLife is one of several billion-dollar buyouts completed so far in 2024.
DOL’s Retirement Security Rule Challenged by Insurance Industry Associations
The 9 organizations tell a Texas federal court that the new fiduciary rule “exceeds the DOL’s authority under federal law” and call it “arbitrary and capricious.”
Retirement Industry People Moves
Gangwani named CIO of Legal & General Retirement America; ERISA attorneys hired by Norton Rose Fulbright and Nossaman; Abrdn CEO steps down as asset manager searches for a...
ERISA Suit Filed Against Packaging Company 401(k) Plan
Plaintiffs seek class status in case that alleges South Carolina-based firm permitted excessive fees on the $1.2 billion plan.
Data Breach at Merrill Exposes Personal Information of Walmart 401(k) Participants
An ‘isolated email error’ caused Walmart retirement plan participants’ names and Social Security numbers to be exposed.
Texas Judge Certifies Class in Pilot’s Anti-ESG Case
A class of participants was certified in a federal district court lawsuit against American Airlines’ Plan for Pilots.
EBSA Official Expresses Confidence in Legal Strength of Retirement Security Rule
Timothy Hauser explained in an ABA webinar that the new fiduciary rule is different from the old one and compliant with previous litigation.
Pension Risk Transfer Market Sets Q1 Record
The first quarter of 2024 has already seen two jumbo PRT deals, with Verizon and Shell offloading their pension liabilities.
SEC Might Drop Swing Pricing from Mutual Fund Liquidity Proposal
Instead, they would likely adopt liquidity fees, though Chair Gensler did not say so explicitly.
Products |
Product & Service Launches
Ameritas launches pooled employer plan for nonprofit organizations; Stash announced new workplace benefit StashWorks; Flex Benefits introduces insurance solution; and more.
Bill Creating Crypto Regulatory Structure Moves Through House
Critics say the bill significantly weakens the regulatory structure on crypto assets.
Market Performance Drove up 401(k) Account Balances in 2023
ICI data shows 15% growth year-over-year to $7.4 trillion, the second highest mark in history.
Many Employers Seek Help Navigating ‘Uncharted Waters’ of SECURE 2.0
Plan sponsors are searching for advisers and consultants who are highly knowledgeable about SECURE 2.0 provisions, according to a new UBS survey.
Kevin Crain Appointed as Executive Director of Institutional Retirement Income Council
Formerly the head of retirement research at Bank of America, Crain succeeds Michelle Richter-Gordon in the role.
Financial Wellness Gap Between Men, Women Continues to Widen
While overall employee financial wellness showed improvement this year, the wellness and retirement confidence gap between men and women remains an issue, according to Bank of America.
Acquisition from Ascensus Will Expand Principal’s ESOP Business
Deal will bring Principal's market representation to more than 2,000 ESOP plans and about 765,000 participants.
PBGC Sues to Recover Losses Caused by Trustee’s Asset Transfer
The Pension Benefit Guaranty Corporation claims a shuttered California corporation’s CEO transferred plan assets to a business checking account.
SEC Finalizes Data Breach Notification Rule
Advisers and investment companies must now inform their customers of data breaches within 30 days.
Benefits |
What Adding a Fidelity Student Loan Matching Program Means for a Large Plan Sponsor
In less than a year in the program, News Corp. reports strong uptake from participants enthusiastic about repaying loans while continuing to save for retirement.