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Valuation Committees Becoming the Norm for Asset Managers
A Pricewaterhouse Coopers (PwC) survey finds asset managers are more focused on valuation for accuracy, risk management, transparency and accountability purposes.
Wilmington Trust Targeted in 401(k) Investigation
Looks like the New Year is going to kick off on a litigious note.
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Making a List
It’s the time of year when many are “making a list and checking it twice”—and, true to form, we are doing the same here at PLANADVISER.
True Loves Will Have to Dig Deeper This Year
Federal Reserve Chairman Ben Bernanke may not (yet) be worried about inflation, and Social Security may not see the need for a cost of living...
Dodd-Frank Act Has Not Killed Industry Optimism
At the Securities Industry and Financial Markets Association’s (SIFMA) annual meeting, a panel of industry executives expressed concerns about the regulations, but kept an optimistic tone.
Americans “Over” Worrying about Money
After two years of resolving to do better with their finances, Americans are putting relaxing and having fun at the top of their New Year’s resolutions list.
Some SunTrust Stock Drop Claims Thrown Out
A federal judge in Georgia rejected claims SunTrust Banks breached its fiduciary duty by keeping company stock as an investment option in its 401(k) plan after it was...
DoL Urges Unisys Fee Case Reversal
A federal judge in Pennsylvania made a mistake when he threw out a 401(k) excessive fee case against Unisys Corporation and Fidelity Management Trust Company, the Department of...
LIMRA Finds Employees Want Automatic Escalation
When asked if auto-escalation beginning at age 45 would be appealing, 22% of defined contribution participants said they would be interested in a 1% increase every year.
Lifetime Income Hearing Witnesses Demand Fiduciary Shield
A strong theme in testimony from witnesses at this week’s hearing into providing lifetime income options in retirement plans was a warning of how much sponsors fear incurring...
Perspective: How to Drive Retirement Plan Participation at Small Businesses
Strategies to increase participation rates and build your business.
More Parents Saving for College, but Falling Short of Goals
Fidelity Investments recently released the results of their 4th annual College Savings Indicator study, as well as new guidelines for how much parents should be setting aside...
Pfizer Cleared in Stock Option Suit
Pfizer Inc. did not breach its Employee Retirement Income Security Act (ERISA) responsibilities by giving an employee incorrect information about stock options granted under a non-ERISA plan, a...
Court Dismisses BofA Stock Drop Case
A federal judge has tossed out a stock drop case against Bank of America (BofA) that had alleged numerous fiduciary breaches in connection with BofA’s Merrill Lynch and Countrywide...
IMHO: "Wrong" Headed?—Part 2
Last week’s column presented half of a list that I titled “10 things you’re probably STILL doing wrong as a plan fiduciary.”
Fiscal Downturn Impacts Social Security Outlook
The Social Security Board of Trustees reported Thursday that the long-range outlook of the Social Security Trust funds remains unchanged from last year’s projections.
EBSA Unveils Online ERISA Exemption Index
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has launched an online index for locating individual exemptions granted under the Employee Retirement Income Security Act (ERISA). ...