Despite dealing with the most debt of any current generation, Gen Z and Millennial workers value saving for retirement and are the most likely to use workplace-provided advice...
Appellate courts have different interpretation of prohibited transaction rules under the Employee Retirement Income Security Act, paving the way for a potential Supreme Court decision.
A cybersecurity breach affecting thousands of nonqualified compensation accounts is being resolved, but participant accounts remain days away from updates and coming back online.
Higher education plan sponsors cited lower costs and fewer administrative responsibilities as reasons to join a pooled retirement plan solution, now available for 403(b) plans thanks to SECURE...
IBM’s decision to unfreeze its pension is a ‘strong endorsement’ of plan sponsors operating parallel defined contribution and defined benefit retirement plans.
Looking ahead to next year, Vanguard’s David Stinnett predicts plan sponsors will continue to expand financial wellness programs and will explore optional SECURE 2.0 provisions.
The agency increasingly relies on supplemental funds, despite taking on more responsibilities, such as overseeing SECURE 2.0, according to the Government Accountability Office.
The Board, or its designee, will review the investment performance of each investment option and underlying investment fund at least quarterly and review the policy at least annually.