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The Internal Revenue Service is providing expansive tax relief, including waiving the penalty fee for hardship withdrawals, for victims of the wildfires on the islands of Maui and...

The free retirement paycheck management tool will be offered to participants invested in American Fund retirement TDFs.

Companies completed 289 transaction in the first half of 2023, per an Aon study.

Spouting Rock Financial Partners debuted a new retirement-focused division.

Newly formed Collective Retirement Solutions taps Bill Higgins as MD; Ocorian promotes French to head of financial crime; Voya’s Penland joins DC alternatives board; and more.

The fund had a receiving-to-active participant ratio of nearly 50-to-1 as of 2021.

19 states have initiated programs to help workers prepare for retirement, and early adopters California, Oregon and Illinois account for most of the accumulated assets so far.

The proposal would change mortality tables and interest rate calculations.

AmericanTCs, Allianz come to market with in-plan annuities; Lincoln Financial upgrades its RILA to combat market volatility; Altruist adds multi-account onboarding; and more.

WTW finds many employers are making improvements to nonqualified plans with a goal of attracting and retaining top talent.

Expanding its wealth solutions distribution business, Voya is seeking growth in new markets, including mid-market segments.

The recordkeeper also found retirement saving balances rebounding with stronger market performance in Q2.

TIAA is unifying all sales directors supporting nonprofit plan segments within institutional sales and promoting Houser to an expanded position, as head of institutional sales

The Department of Labor claims a payroll services and HR outsourcing company has effectively barred participants from accessing accounts and refused to accept contributions to the plans. 

$182.6 million in SFA money will be distributed to the plan to ensure its solvency to 2051.

The Department of Labor claims a New Jersey electrical contractor misappropriated employees’ retirement plan contributions and ended employer contributions to the health plan. 

The partnership on the state-sponsored IRA for private-sector employers is expected to cut costs for participants in both states.

A judge dismissed a complaint against the retirement plan committee for Cisco, marking the fifth dismissal of similar lawsuits.

The airline has sought to dismiss the litigation, but the trial could begin in late June of next year.  

To the extent that they apply to pensions and other ERISA plans, the state-level regulations are pre-empted by federal law, the complaint says.