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The argument about ESG funds by former pilot Bryan Spence ‘runs headlong into the Supreme Court's instruction,’ according to the defendants.

Many industry experts believe there is a need for an ‘ERISA 2.0’ that includes a stronger framework for universal coverage, lifetime income, defaults and more.

Generation X women are also the least likely to have a financial plan, according to a Northwestern Mutual study.

Vestwell appoints Rettig to board seat; Star Mountain Capital names DeAngelis as senior adviser; Club Vita names Gleed as head of U.S. business development.

The company announced this week it will offer emergency savings accounts in 2024.

Fidelity Investments has revealed several best practices for employers to incorporate, bolstering access to emergency savings options and to limit early retirement-fund withdrawals.

PGIM enhances target-date funds; Pantheon announces new private credit secondaries fund; Morgan Stanley at Work launches charitable giving solution; and more.

Experts recommended maintaining regular outreach and measuring success as ways to champion a financial wellness plan. 

The plaintiff, Bryan Spence, referenced another federal court’s decision in asking a Texas federal court to deny the defendants’ motion to dismiss.  

Monthly Social Security checks will increase about $59, a lower increase than in recent years but still larger than the 20-year average. 

In comment letters submitted to the Department of Labor, concerns expressed ranged from QDIAs to permitted withdrawals.

Workers from Generation Z say the cohort experiences higher financial stress than other generations, affecting their job performance, according to a Charles Schwab study.

Experts review the road map for current and upcoming dates of the retirement legislation.

Using data on participants’ attitudes about saving and investing can help plan sponsors create more tailored benefits, according to panelists.

A higher percentage of women are saving for retirement than four years ago, and women are staying the course when there is market volatility, new data shows.

The proposal would limit the availability of educational and retirement readiness tools for participants, commenters say.

The settlement is considered the ‘largest ever’ in a lawsuit alleging mismanagement of a retirement plan’s in-house funds, according to court filings.

Plan fiduciaries were accused of fiduciary breaches for using plan forfeitures to offset future employer contributions, but ERISA experts would be surprised if this longstanding and widespread practice...

Equity losses for the month were offset by the largest single-monthly decline in liability value this year.

Lawyers for the plaintiff, a third-party administrator, alleged identical claims against each defendant.