Senators Look to Increase Young Worker Participation With New Bill
The legislation would prevent plan sponsors from setting a minimum age of 21 for workers to participate in retirement plans.
Latest News
Benefits |
The Factors at Play in IBM’s Shift to a Cash Balance Plan Reviewed
IBM’s move away from the 401(k) match leads industry experts to evaluate the shortcomings of defined contribution plans in providing guaranteed lifetime income.
Continuing Resolution Passes, Congress Continues Budget Debate
The resolution would give Congress an additional two months to finalize a budget.
Infosys Cybersecurity Issue Hits Ascensus, Newport Nonqualified Platforms
Ascensus and its Newport Group-run nonqualified retirement systems have not been able to update participant accounts since November 2.
Benefits |
Financial Wellness Programs Necessary, but Not Sufficient to Eliminate Racial Wealth Gap
While there is no silver bullet to end racial wealth disparity, employers can use financial wellness programs to narrow the gap, according to research published by Wharton's Pension...
Communicating ‘Retirement Mindset’ Leads to Positive Retirement Outcomes
Plan sponsor communications should emphasize positive behaviors to encourage an ‘optimal’ participant mindset.
No Additional Time for Fiduciary Proposal Comment, EBSA Confirms
An EBSA letter to SIFMA confirmed the 60-day comment period will proceed as originally planned.
Republican Budget Proposal Would Cut EBSA Budget, Roll Back ESG Rule
The budget, which President Joe Biden has pledged to veto, would also prevent the DOL from implementing the fiduciary adviser proposal.
HSAs Gain Popularity, but Few Users Invest Assets, and Education Remains Big Concern
While health savings account balances are growing and more people are contributing, employers remain concerned that employees should be educated on their complexities.
Alight Solutions Seeks Summary Judgement in 401(k) Theft Case
Alight claims Paula Disberry’s retirement lawsuit “arose out of the unfortunate theft,” of $750,000 in 401(k) assets, not fraud or breach of fiduciary duty by the defendant.
Benefits |
Higher Bond Yields Mean Higher Corporate Pension Funding Levels
Some pension funding models reached their highest points in decades.
Behind JPMorgan’s Underweight Equity Strategy in Target-Date Funds
As interest rates remain high, asset manager J.P. Morgan has adopted a cautious strategy to equity allocations in its target-date funds.
Motion Seeks to Hold Alight Liable for Theft of 401(k) Assets
Plaintiff Paula Disberry has requested the court order restoration of her $750,000 in lost assets.
Navigating ESG: Surveying the Landscape
Knowledge about ESG, integration and greenwashing remains low, according to experts at a PLANSPONSOR event.
Navigating ESG: Forward Thinking
Sustainability-related disclosure regulations coming to Europe will be relevant for investors, panelists say.
Retirement Industry People Moves
Voya hires Harrell as regional vice president; MissionSquare names Whiting SVP, chief sales officer; CAPTRUST adds Leddy as chief compliance officer; and more.
EBSA Head Lisa Gomez Talks Broadening Access to Retirement Benefits
The assistant Secretary of Labor for the Employee Benefits Security Administration spoke to PLANSPONSOR about ‘Schoolhouse Rock,’ disparities in retirement benefits access and SECURE 2.0.
Lack of Policies to Support Working Caregivers Continues to Set US Economy Back
The U.S. has an opportunity to create more than $775 billion in additional economic activity per year by investing in policies that support working caregivers, new Department of...
PBGC Publishes New Mortality Tables for 2024
The 4044/4050 tables are used to calculate withdrawal liability and missing participant program transfer amounts.
Employees Increasingly Concerned About Debt, Effects of Interest Rates
Mercer experts identified a variety of trends impacting defined contribution plans, including new types of lawsuits, high interest rates and growing consumer debt.