Administration

Ongoing fiduciary responsibility and spending money on former employees are two reasons to consider amending a plan to include automated rollovers, Millennium Trust says.

For plan sponsors with more than 100 participants, one of the most important fiduciary duties is to ensure the plan receives a quality and independent annual financial audit.

Targeted messaging could alleviate some of retirement plan sponsors’ fears about employees’ retirement savings adequacy.

The Missouri State Employees Retirement System confirmed four instances of hackers accessing participant accounts.

NCR Corporation announced an annuity purchase to secure certain pension plan participants' benefits.

 

Many retirement plan service providers are investing in technology to link and leverage data from banks, insurers and other places where participants hold assets outside their retirement accounts.

MetLife will take over pension payments to the retirees and beneficiaries covered by the agreement.

The offering of company stock in defined contribution plans has declined since 2005, according to Vanguard.

Trends, legislation, regulations and litigation will continue to affect the retirement industry in 2015.

Changes ahead for public defined benefit plans may call for new investing and funding strategies.

Pension plan deficits of Standard & Poor’s (S&P) 1500 companies increased by $17 billion in November.

BNY Mellon reports the funded status of the typical U.S. corporate pension plan increased to 89.9% in November.

Wilshire reports that stability in aggregate pension funding during November was the result of comparable increases in asset and liability values.

Pension funds globally say they intend to adopt a more proactive approach to managing their assets.

The California Public Employees' Retirement System (CalPERS) reported about efforts that have saved the pension fund more than $162 million in the last three fiscal years.

The ERISA Industry Committee (ERIC) has commented about the Pension Benefit Guaranty Corporation’s request to obtain information about de-risking moves made by pension plans.

Millennials change jobs more frequently, giving them more opportunities to cash out of their 401(k) plans and cut into future retirement savings, says Spencer Williams of Retirement Clearinghouse.

As defined benefit (DB) plan sponsors try to decrease their risks, offering a lump-sum distribution opportunity for certain participants has become a popular option.

A survey from Towers Watson reveals some emerging and growing trends in defined contribution plan design, investments, fees and communications.

More than three-quarters of large and midsize U.S. employers that sponsor 401(k) and 403(b) defined contribution (DC) plans say retirement readiness has become a major issue for their...