Employer Forfeited Funds Complaint Against HP Inc. 401(k) Plan Is Dismissed
A federal judge ruled the suit’s ‘theory of liability’ was too broad and dismissed the complaint, which focused on the use of plan forfeitures.
Latest News
Benefits |
Auto-IRA Programs Progress in Several States
The Delaware EARNS plan officially opened for registration, Vermont Saves is on track to launch sooner than anticipated and Rhode Island Secure Choice was signed into law.
TDF Lawsuit Against Black & Decker Advances
A Connecticut federal judge rejected the plan sponsor’s motion to dismiss, so the ERISA fiduciary breach case involving BlackRock TDFs will continue.
ERISA Advisory Council Explores Annuity Default Options in DC Plans
Experts recommended annuities in QDIAs would help participants avoid outliving their assets.
Plan Participants Expect to Work Past Age 65
For plan sponsors, retaining older workers will require greater attention to plan designs that support workers at older ages.
Optimizing Plan Design in the Investment Menu
Experts discuss the trends of streamlining the investment menu and adding lifetime income options
Chevron Reversal Could Affect Appeal of DOL’s ESG Rule
Challengers of the rule that allows environmental, social and governance factors to be considered in investment decisions cited the overturning of Chevron.
Retirement Industry People Moves
BNY hires Minaya as global head of investments and wealth; Itami joins Lathrop GPM from Groom Law Group; Maxwell joins Pentegra as head of strategic accounts; and more.
American Benefits Council Lays Out Plan to Increase Gig Worker Retirement Plan Enrollment
PEPs play a key role in the proposal to Louisiana Senator Bill Cassidy to get more independent contractors saving for retirement.
Lawsuit Against NYC Pension Funds’ Divestment in Fossil Fuels Dismissed
A New York State judge dismissed the complaint due to lack of standing and failure to demonstrate injury.
California Adds High School Financial Literacy Requirement
Lawmakers have presented retirement industry professionals a golden opportunity to help teachers instruct students about financial literacy and retirement readiness.
Products |
Product & Service Launches
OneAmerica Financial to offer nonqualified compensation plans; Netchex partners with Vestwell on 401(k) plan for small and midsize employers; Orion launches stand-alone trading solution, bundle for new advisers.
M&A Activity, Poor Service Quality Trigger Plan Sponsors to Switch Providers
When dealing with employers going through a merger or acquisition, recordkeepers need to be flexible and offer a wide range of services, new research from Escalent finds.
Construction Pension Fund With More Than 8,000 Participants Rescued by PBGC
The Kansas plan received a grant of $43.1 million.
California Business Conglomerate Cuts $1.25M Deal to End ESOP Lawsuit
A holding company has agreed to settle a lawsuit that alleged fiduciaries of its ESOP plan enriched themselves and shortchanged participants.
2024 PLANSPONSOR National Conference On Demand
Recorded sessions provide valuable insights and education on plan administration and compliance, equipping plan sponsors with the knowledge needed to help employees achieve positive financial outcomes.
What Does the End of Chevron Deference Mean for the DOL?
It could mean more lawsuits and overturned rules related to retirement plans.
PBGC Closer to Receiving Pension Plan Restitution Payments
Following a federal court order in Pennsylvania, the Pension Benefit Guaranty Corporation is nearer to forcing a bankrupt construction company pension plan to pay more than $1 million...
GE Joins List of Companies Sued Over PRT Deal with Athene
General Electric Co. has been sued by former participants represented by law firm Schlichter Bogard LLP after completing a pension risk transfer with Athene in 2020.