The news follows BlackRock’s announcement last week that its annuity-embedded TDF product has accumulated more than $16 billion in assets under management.
The ERISA Industry Committee is challenging the Departments of Labor, Health and Human Services and Treasury, arguing the final rule oversteps the existing mental health parity law.
NEPC names Contorno principal and head of DC vendor management; JPMorganChase announces new responsibilities for senior leaders; CG Financial Services Appoints Hiipakka as President and COO; and more.
The regulator found that the firm did not provide accurate information about the capital gains and tax implications of a change to investment minimums.
The Federal Trade Commission found that the big three PBMs have marked up the price of numerous specialty generic drugs, gaining more than $7.3 billion over a five-year...
The complaint accused the engineering and construction firm of defaulting participants into a high-fee option that provided no benefits compared with a target-date fund.