Compliance March 25th, 2024 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...
Client Service March 1st, 2024 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...
Compliance October 6th, 2023 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...
Data & Research September 7th, 2023 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.
Compliance August 15th, 2023 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...
Compliance July 17th, 2023 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.
Compliance July 12th, 2023 Wake Forest Baptist Health Settles 403(b) Suit for $3.8M The plaintiffs filed an unopposed settlement after “hard-fought” negotiations.
Compliance July 7th, 2023 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...
Deals & People June 27th, 2023 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...
Compliance June 15th, 2023 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.
Deals & People June 13th, 2023 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...
Data & Research April 14th, 2023 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...
The Markets April 13th, 2023 Prime Time for Diversifying with Municipal Bonds, According to Capital Group Munis provide a good recession buffer in the current market, experts say.
Deals & People March 27th, 2023 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.
In Practice March 16th, 2023 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...
Client Service March 15th, 2023 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...
The Markets February 24th, 2023 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...
Deals & People February 18th, 2023 Retirement Industry People Moves DCIIA votes in 2023 committee members; Aon adds personnel to pooled employer plan sales group; TIAA adds wealth distribution head;...
Data & Research February 8th, 2023 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.
Data & Research January 23rd, 2023 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...