UnitedHealth Group Insurance TPA, UMR Sued by DOL
The Department of Labor’s complaint may indicate health care regulations are going the way of rules for retirement plans.
Participants
Serving Growth-Asset Needs of Older Participants, Retirees
Incorporating alternative assets into a defined contribution investment lineup is an opportunity to reflect older participants’ desire for growth, experts say.
Women Addressing Lifetime Income More Than Men
More women than men ages 61 to 65 are interested in securing guaranteed lifetime income sources, presenting an opportunity for retirement plan sponsors and advisers, research shows.
Former HR Head Sues Investment Manager Alleging Retirement Plan Breaches
The former director of human resources at alternatives specialist Weiss-Multi-Strategy Advisers has sued the company, adviser subsidiary and retirement plan trustee George A. Weiss.
How Website Design, Higher Default Rates Can Improve Participant Engagement
Reframing wording for employee contributions and presenting higher default savings options are effective strategies, according to Voya research.
PSNC 2023: Boosting Participant Engagement
By implementing automatic features, using targeted communications and speaking to participants on a personal level, plan sponsors will be more successful in driving engagement, according to experts.
DOL Sues Missouri Bankers Benefit Plan
The Department of Labor has alleged one fiduciary breach against the plan’s trustees for operating with negative assets in six of the last seven years.
Benefits |
PPG Agrees to $309M Pension Risk Transfer Deal
The transaction with Legal & General and RGA is intended to secure the retirement benefits of more than 4,000 PPG retirees.
Older Workers Need Employer, Govt Support to Retire, Experts Say
A panel hosted by EPI argues that older workers are stuck between retiring without enough money, or working beyond their desired age.
Biden Uses Address to Pledge Support for Social Security, Medicare
The president acknowledged pocketbook issues causing Americans financial stress and proposed legislation to address several in wide-ranging speech.
Plans Use Digital Nudges to Move Plan Participants Toward Retirement Goals
Duke University's Dan Ariely finds that loss aversion can be used to help participants reframe savings.
Personalized Communications Key to Companies’ Attempts to Educate on Participants on Wider Range of Benefits
Plan sponsors are tailoring strategies to help employees get what they need from financial wellness offerings.
Employers Find Persistence, Relevance Help Them Connect With Workers
Plan sponsors must message to more workers, on additional channels, in greater detail than ever before when trying to share benefit information.
Most Americans Value Retirement Planning, Fewer Than Half Appear to Do It
A new AARP study finds a wide gap between how people feel about retirement planning and how prepared they say they are for life after work.
Financial Stress Increases the Need for Participant Communications
Knowledge of the challenges participants are facing creates opportunities for advisers to connect.
Considering Multiple QDIAs
Using dynamic qualified default investment alternatives can create opportunities to engage with participants as they transition from target-date funds to managed accounts.
Funding the Future Self
To their detriment, plan participants often fail to opt in to in-plan financial advice—but that may be changing.
Target-Date Glide Paths Are Not Personalized Across Industries
Plan sponsors across industry sectors and with widely different wages for workers are using essentially the same target-date fund glide paths, research shows.
Plan Progress Webinar: Elements to Help Participants Prepare for Retirement
Auto-escalation can help participants save sufficiently to create a reliable stream of income in retirement.
Growth of Digital Tools Leads to Increased Retirement Personalization
Plan sponsors want digital tools that are effective and potentially useful for every participant, but not one-size-fits-all.