LATEST NEWS
Advanced Recordkeeping Technology Allows for More Personalization in TDFs
By collecting more personal data beyond just age, recordkeepers have an opportunity to offer personalized target-date funds.
Amended Lawsuit Targets Hess Corp.
The amended complaint against the Hess Corp. alleges Hess plan fiduciaries provided target-date mutual funds instead of collective investment trusts in the investment lineup.
WNBA Pay Disparity Puts Spotlight on Retirement Gender Savings Gap
The alarming pay gap between newly drafted basketball players in the WNBA and the NBA provides an opportunity to examine the negative impact of low compensation on building retirement savings.
Retirement Industry People Moves
SageView hires Sithens as retirement plan consultant; Ascensus names Torgerson to lead; New York Life hires Nixon as head of group benefit solutions claim operations; and more.
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MORE NEWS
Kellogg Wins Pension Lawsuit Dismissal
Federal court in Michigan dismisses a lawsuit brought against the Kellogg Company pension plan.
Inherited IRA RMD Final Rules Postponed to 2025
The IRS will not enforce RMDs for inherited IRAs under the 10-year rule until at least 2025.
Product & Service Launches
inVesti launches HSA to complement retirement offerings; Durham to assist financial advisers with retirement income planning; Summit Financial bolsters private market investment platform amid demand.
‘Peak Age’ Boomers Face Retirement Shortfall
The current crop of 65-year-old Boomers, particularly among women and those without higher degrees, will struggle to maintain a working lifestyle, according to the Alliance for Lifetime Income.
American Adults Show Lack of ‘Retirement Fluency’
Understanding retirement-related topics like Medicare coverage and life expectancy were most difficult for respondents, according to TIAA and the Global Financial Literacy Excellence Center.
Employers Risk Facing Turnover Without Comprehensive Benefits Offerings
Seven in ten employees said they would be willing to change jobs in exchange for better benefits, according to new research from Nuveen.
DOL Asks for Budget Increase to Implement SECURE 2.0
The anticipated final retirement security proposal did not feature anywhere in the budget proposal.
Competing Priorities Pose Challenges to Gen Z, Millennial Workers Saving for Retirement
Employers should encourage younger workers to build emergency savings before contributing toward the company match and paying off student debt, says author Anne Lester.
DOL Asks for Participant Information to Build Lost and Found Database
Plan administrators would voluntarily turn over data to DOL to help missing participants and plans find one another.
PLANSPONSOR 2024 HSA Conference: Medical Account Alphabet Soup
Determining which medical account options to offer their employees requires employers to understand how their health care coverage benefits work and how benefits would be used.
Ascensus Pens Deal for Vanguard’s Small Plan Recordkeeping Division
Ascensus says the deal for the individual 401(k), Multi-SEP, and SIMPLE IRA plans should be complete in Q3 2024.