A judge determined the retirement plan recordkeeper and third-party administrator misappropriated millions in clients’ plan assets.
The SEC has explained that advisers must have a reasonable basis to believe moving assets from a former employer’s plan to an IRA is a better option.
New York Life will be the official financial guidance partner of Major League Baseball and expanded its commitment to U.S. soccer and Little League Baseball and Softball.
Assets in RetirePlus jump to $30 billion from $10 billion in 24 months as demand grows for guaranteed lifetime income.
The IRS December grab bag notice provisions on de minimis incentives and terminally ill distributions also received some pushback from the industry.
Plan sponsors at higher education institutions expressed concerns over their participants’ retirement readiness, but many do not measure the performance of their plans, according to Transamerica research.
The issue of monitoring investments and plan fees is something that often comes up in retirement lawsuits and is therefore an important part of the fiduciary training process.
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
According to a Morningstar report, large private sector pension funds’ experience allocating to PE is not particularly instructive for defined contribution sponsors looking to do likewise.
The House of Representatives hosted a second hearing on the retirement security proposal, during which witnesses disagreed on the adequacy of existing rules and the proposal’s potential to restrict access to financial products.