Compliance January 18th, 2023 Sports Agency Owner Charged for Allegedly Stealing Retirement Assets The Houston-based sports agent was served a civil suit by the Department of Labor for allegedly dipping into employee retirement...
Compliance December 23rd, 2022 Xerox Has Preliminary Settlement In Excessive Fee Lawsuit The $4.1 million settlement is pending court approval.
Compliance November 29th, 2022 Judge Dismisses Charge of “Unreasonable” 401(k) Fees by Electronics-Maker Ricoh A federal district court bounced two fiduciary breach claims brought by participants against Ricoh USA, saying plaintiffs failed “to plausibly...
The Markets November 9th, 2022 ESG Interest ‘Relatively Weak’ for Do-It-Yourself Retirement Investors Among new, self-directed DC retirement plan participants, ESG fund allocation is ‘relatively modest when offered in the core menu,’ according...
Products November 1st, 2022 Allianz Life Launches Income Annuity for Use in DC Plans Allianz finds growing numbers of U.S. workers want guaranteed income options in their employer-sponsored retirement plan.
Data & Research October 21st, 2022 Annuities as Part of Target-Date Funds Grow in Popularity Cerulli retirement research shows growing interest in TDFs with guaranteed income for plan sponsors’ lifetime income options among consultants.
Compliance October 20th, 2022 Elevator Constructors’ Union Retirement Plan Sued Two counts for breach of fiduciary duty were brought against the defendants.
Data & Research October 13th, 2022 Financial Challenges Prevent Saving for Retirement A new Goldman Sachs Asset Management retirement report finds myriad competing financial priorities are impeding participants from saving sufficiently for...
Compliance September 26th, 2022 Lawsuit For Wake Forest University Retirement Plan Proceeds The judge has allowed the case to go forward and the ‘plaintiffs should be afforded an opportunity to conduct discovery.’
Compliance September 16th, 2022 Janus Henderson Sued for Allegedly Favoring Its Own Funds in Its Retirement Plan Class action lawsuit claims firm loaded its 401(k) plan with high-fee, underperforming proprietary funds.
Products September 14th, 2022 Voya Launches Workplace Benefits Digital Platform The new app will provide individuals with a complete view of their financial picture, inclusive of workplace benefits and savings accounts.
Data & Research September 14th, 2022 Social Security Concerns Drive Early Benefit Claims Almost half of workers surveyed (48%) have no strategy to generate retirement income, Schroders finds.
Client Service September 13th, 2022 PANC 2022: The Psychology and Practicality of Retirement Income Personalization is required to help people create a paycheck in retirement, says Shlomo Benartzi.
Compliance June 8th, 2022 RISE & SHINE Act Markup Scheduled Lawmakers will convene an executive session to mark up the RISE & SHINE Act on June 14, according to a spokesman from the Senate...
Data & Research March 2nd, 2022 Retirement Plan Adviser Boosts DC Plan Outcomes with Common ‘Cents’ Penny framing has been shown to boost DC plan outcomes, in research and practice, and can help low-income participants save...
Products February 25th, 2022 Mutual of Omaha Builds on Flagship Retirement Products The addition to the company’s retirement suite aims to expand accessibility for employers to provide retirement planning services
The Markets February 17th, 2022 Participants May Be Hesitant to Invest in Lifetime Income Products U.S. workers’ interest in putting money into investments that guarantee a portion of retirement income fell in 2021 from the...
Compliance February 16th, 2022 Plan Design Approaches to Help Plan Sponsors With Nondiscrimination Testing Advisers can assist plan sponsors wrestling with how to pass IRS testing for qualified employer-sponsored retirement plans by explaining the...
The Markets February 14th, 2022 Why Participants Might Be Hesitant to Share Personal Information Many people are reluctant to share additional in-depth financial details for security reasons and for fear of being bombarded with...
Compliance February 11th, 2022 ERISA Advisory Body Suggests Reviewing Plan Leakage Penalties Its report studied ways the DOL can try to close the gaps in retirement savings based on rase, ethnicity and...