Compliance | July 24th, 2018 ERISA Lawsuit Targeting AT&T and Multiple Providers Dismissed The court’s decision, which leaves room for an amended complaint, is based on questions of timeliness and a lack of...
Products | July 23rd, 2018 Milliman Aims for Reinvigorated Growth by ‘Bringing Together’ DC and DB Businesses In creating a unified sales and service structure for DC, DB, multiemployer and association retirement plans, the firm wants to provide...
Compliance | June 28th, 2018 Xerox HR Solutions Wins Another Dismissal in ERISA Challenge The text of the new decision says the second amended complaint has failed because “it is an attempt to replead...
Administration | May 2nd, 2018 Wisconsin Private Colleges Unite Retirement Plans in ‘403(b) MEP’ The Wisconsin Association of Independent Colleges and Universities announced a partnership with Transamerica to create a 403(b) multiple employer retirement...
Data and Research | April 20th, 2018 DC Plan Provider Web Portal Designs Growing More Responsive Mobile-friendly, responsive web portal design has increased in the retirement industry to match consumers’ rising desires to be able to...
Data and Research | March 14th, 2018 Plan Sponsors, Providers and Participants Speak of Different Perceptions, Priorities Research reveals that less than half of sponsors believe that employees are solely responsible for their own retirement savings and...
Data and Research | March 6th, 2018 Businessolver and Transamerica Reveal One Wallet Initiative According to the firms, the “one wallet” approach provides employees with a holistic view of their overall wealth and health...
Data and Research | January 19th, 2018 Unbundled Plans Gained Significant Ground in 2017 Today, just 8.8% of “mega plans” with assets greater than $1 billion utilize a fully bundled structure.
Products | January 11th, 2018 Financial Soundings Solution Supports In-Plan Retirement The firm’s retiree program is designed to provide plan participants the essential guidance needed to manage assets through retirement from...
Compliance | December 4th, 2017 Union Fund Hit With Excessive Fee Suit Similar to many excessive fee lawsuits filed against single-employer plans, the complaint accuses a multiemployer plan of failing to leverage...
Compliance | November 20th, 2017 NYU Participants File Second Excessive Fee Complaint In the new complaint, participants attempt to offer more evidence for claims that were dismissed in another pending lawsuit.
Deals and People | November 10th, 2017 Retirement Industry People Moves Segal Hires Former Consultant on Employee Benefit and Health Care Strategies; Janney Montgomery Scott Adds New Workers to Equity Research...
Products | September 27th, 2017 Vanguard Revamps Online Experience to Boost Retirement Readiness One of the first indicators investors will see on their new home page is a personalized recommendation for improving retirement...
Compliance | September 25th, 2017 Participant Says ‘Large Plan’ Failed to Negotiate Better Fees An excessive fee lawsuit has been filed against fiduciaries of the Novitex Enterprise Solutions Retirement Savings Plan, a 401(k) plan...
Products | September 25th, 2017 Fee Checker Tool Gauges Plan Costs’ Impact on Savings The tool leverages a 401(k) database to hone in on the often complex fee structure associated with retirement plans.
Deals and People | September 23rd, 2017 Who’s Working for You?: American Benefits Council In a series of articles, PLANSPONSOR is profiling industry groups that work for retirement and health plan sponsors to protect...
Compliance | September 22nd, 2017 Case Against University of Pennsylvania 403(b) Plan Dismissed A federal court judge basically found many of the allegations stated normal business practices and the plaintiff did not offer...
Products | September 21st, 2017 Voya Extends Framework Retirement Program to Tax-Exempt Market The mutual-fund based program also offers an in-plan retirement income option and access to 3(38) fiduciary services.
Compliance | September 19th, 2017 Voya Sued for Charging Excessive Fees to Small Retirement Plan A lawsuit alleges that asset-based fees led to the plan paying $1,819 per participant for recordkeeping services in 2015.
Compliance | August 30th, 2017 BB&T Self-Dealing Suit Gets Class Certification A court certified a class in the consolidated lawsuit after first rejecting BB&T’s arguments that the class did not meet...