Judge Rules for Molina, flexPATH in ERISA Case
The District Court judge cited broad indexes as the appropriate benchmarks for plan TDFs in a ruling expected to be...
Tag: defined contribution retirement plans
Financial Advisers Push to Manage 401(k) Assets
As demand increases for more holistic financial planning services, firms are looking to expand the market of financial advisers managing...
Colgate-Palmolive Submits Motion for Summary Judgment in Retirement Fraud Lawsuit
Legal Counsel for the Colgate-Palmolive Employee Relations Committee aim to terminate the plan sponsor's participation in a lawsuit alleging the...
DC Advisers: Managed Accounts Not Yet Default Threat to TDFs
A survey of retirement advisories did, however, show increased interest from plan sponsors for in-plan retirement income options.
American Airlines ESG Lawsuit May Move Ahead, According to Court Filing
A judge overseeing the complaint brought by a former pilot has set a potential trial date; the airline has said...
IRS Issues RMD Relief Related to SECURE Rules
The IRS notice provides additional time to rollover mistaken required minimum distributions as well as RMD relief for IRA beneficiaries.
Wake Forest Baptist Health Settles 403(b) Suit for $3.8M
The plaintiffs filed an unopposed settlement after “hard-fought” negotiations.
Judge Rejects Proposed Class Certification in Remanded TIAA Retirement Plan Case
Given the appellate court’s ruling, the district court found no ‘single policy’ affecting all putative class participants from Washington University...
Voya Chief Client Officer Exits
William Harmon is leaving the recordkeeper, with two senior leaders taking up the role of outreach to advisers and plan...
Pfizer Hit with Excessive Fee 401(k) Complaint
A former employee claims that plan fiduciaries operating the Pfizer 401(k) Savings Plan breached their ERISA duties.
Pitney Now Heading TIAA’s Lifetime Income Default Unit
Former institutional investments distribution lead Tim Pitney will now focus on lifetime income features as default options in defined contribution...
Fears of State IRA Plans Overtaking Private Not Realized, Data Shows
States that have implemented retirement savings programs for employees have not crowded out private plans, new research from the Pew...
Prime Time for Diversifying with Municipal Bonds, According to Capital Group
Munis provide a good recession buffer in the current market, experts say.
John Hancock Names Former Personal Finance Exec to Lead Retirement Business
Wayne Park is leaving American Century Investments to lead John Hancock's retirement plan and recordkeeper business.
Labor Tightness Drives More Immediate Eligibility for Retirement Deferrals
The tight labor market has pushed employers to offer attractive retirement savings plans, according to experts at Vanguard and Fiducient...
Plan Sponsors Need Help Communicating Benefits to Employees
Plan sponsors should be aware of the financial literacy levels of their employees and make sure messaging is clear and...
Fidelity: Gen Z Savers Pour Into IRAs
For all age groups, however, average 401(k) balances were down 23% in 2022 due to declines in both stocks and...
Retirement Industry People Moves
DCIIA votes in 2023 committee members; Aon adds personnel to pooled employer plan sales group; TIAA adds wealth distribution head;...
Retirement Savers Held Course in 2022 Despite 401(k) Declines
The latest retirement plan participant tracking from Vanguard and Bank of America show retirement savers’ resilience last year.
Reconsidering Target-Date Funds After a Rocky 2022
Advisers and plan sponsors should consider both use and education around target-date funds after 2022 declines, according to new research...