Sutter Health Faces Second Lawsuit Challenging Use of Actively Managed TDFs
The most recent lawsuit says the actively managed suite’s risk has been amplified during the COVID-19 pandemic.
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Retirement Industry People Moves
Unified Trust joins EdgeCo; Putnam Investments CIO announces plans to retire in 2021; Marathon Asset Management hires senior high-yield portfolio manager; and more.
Few Individuals Expected to Dip Into Retirement Accounts
Even as Congress fails to enact new relief legislation, experts say they do not suspect defined contribution (DC) plan withdrawals will rise.
Coronavirus Questions Reshape Long-Term Capital Market Assumptions
The challenges facing U.S. and global equity markets at the start of 2020 appear tame compared with present obstacles—a fact clearly demonstrated by assets managers’ updated market outlook...
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Investment Product and Service Launches
Ascensus adds advice and managed accounts services; New York Life partners with Visual Capitalist on data visualization platform; American Beacon announces launch of new bond fund; and more.
August Emerges as the Best Month for DB Plan Funded Status in 2020
However, firms that track pension plan funded status warn about the potential for more market volatility ahead in 2020.
People of Color May Be Misinterpreting Their Retirement Readiness
Understanding the view of these different demographics can help plan sponsors with plan designs and targeted communications.
PBGC to Pay Pension Benefits for McClatchy Workers and Retirees
The agency estimates that McClatchy’s plan is 57% funded with approximately $1.3 billion in assets and $2.3 billion in benefit liabilities.
Early Retirement Increasingly the Goal for Younger Generations
This may be wishful thinking for some, but there are ways to help them achieve their target retirement age.
DB Plans Can Expect Continued Funded Status Issues
The solutions to manage funded status differ for public and corporate plans.
MassMutual Points to Scale as Reason for Empower Deal
The recordkeeper also notes that fee compression is largely driving the ongoing industry consolidation.
IRS Clarifies SECURE Act Birth and Adoption Distribution Rules
Qualified birth or adoption distributions have been permissible since January under the SECURE Act, but more specific guidance on how they should be treated has only just been...
Options to Help Participants Avoid Tapping Into Retirement Savings
Plan sponsors can share with participants other options to consider before taking a DC plan loan or withdrawal.
Benefits |
Most Employers Intend to Offer Same Health Care Coverage in 2021
But many said they might be looking to cut costs in other ways.
The PEP Opportunity
Pooled employer plans (PEPs) are coming, and potential adopting employers need to know what to look for and what they are getting into.
Empower Acquires MassMutual Retirement Plan Business
The firms say that with the acquisition, retirement plan participants will gain the outcome-oriented client focus and deep retirement expertise of both firms while benefiting from a state-of-the-art...
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CFPB Policy Guidance Allows Employers to Create Automatic Savings Programs
The feature comes at a time when workers are struggling to save.
Delphi Retirees Lose Bid to Have Pension Takeover by PBGC Reversed
A federal appellate court found that court adjudication is not required for PBGC to terminate a plan and that retirees had no property right to unfunded, vested benefits.
Retirement Industry People Moves
IRS names associate chief counsel for EEE; Northern Trust appoints COO and senior executive; and Wellington Management CEO announces 2020 resignation; managing partner to succeed.
SECURE Act Compliance Q&A Published by IRS
The guidance document includes an extensive number of questions and answers about five key changes made by the SECURE Act.