Called WellCents, NFP says it was designed to help employers realize the value of a workforce that is prepared for a successful and secure retirement.
The company and its board of directors are accused of various fiduciary breaches in the operation of a sub-$300 million defined contribution plan.
Peg Knox, with the Defined Contribution Institutional Investment Association (DCIIA), discusses considerations for including alternative investments in DC plans.
Recent research from LPL Financial suggests the stock market could indicate who will win the presidency in November.
Employees of Voya’s clients whose income has been affected by the COVID-19 pandemic will be able to get a personalized short-term financial action plan.
Solutions in the marketplace address a variety of financial needs, including personal loans and savings, student loan refinancing and investment management.
Much of the complaint is dedicated to discounting the use of an actively managed TDF suite rather than a less costly index TDF suite.
The text of the dismissal ruling relies heavily on precedent set by the United States 7th Circuit Court of Appeals.
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
ZIP Codes went into effect on July 1, 1963.
The lawsuit also calls out the use of an investment manager’s proprietary actively managed funds and the plan sponsor’s failure to obtain cheaper share classes.
The parties’ proposed settlement agreement impermissibly releases claims that go beyond the scope of the allegations in the operative complaint.
The lawsuit accused plan fiduciaries of using the plan as an opportunity to promote Fidelity’s mutual fund business at the expense of the plan and participants.
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19 pandemic that affect retirement and health plan sponsors.