$10M Settlement Reached in NRECA ERISA Litigation
Beyond the cash reimbursement to the plan, the settlement requires regular fee studies and a recordkeeping RFP process at least once every six years.
Latest News
Participants Maxing Out Their 401(k) Remain Confident
But those who fall short on saving are experiencing financial stress.
Benefits |
Employee Engagement Strategy Greatly Increases Benefit Usage, Including HSAs
Fidelity Investments reports the more an employer communicates with workers on benefits, the likelier they are to use them.
Benefits |
EBRI Says CARES Act Distributions Could Have Lasting Consequences
The report highlights how a loan or distribution option under the CARES Act can affect employees.
Volatility Brings Focus on Sustainable Retirement Income
Participants are looking to their employers to offer a retirement income solution, while interest in ESG investing among retirement plan participants continues to increase.
Signs of Small Employer Recovery Seen in Survey Data
The effects of the coronavirus pandemic are still clearly being felt by small employers across the U.S., but many of those who earlier suspended retirement plan matches have...
No ‘Earth-Shattering’ Retirement Proposals in Biden Platform
Building on Social Security and Medicare are key components of the presumptive Democratic presidential nominee’s promised agenda—though if Congress swings left in November, more progressive policies could emerge.
Employees Not Sure What Social Security Will Offer
While many say they will depend on Social Security for retirement income, at least one study finds retirees are not getting as much as they expected.
Retirement Industry People Moves
Franklin Templeton appoints head of U.S. distribution; Northwest Plan Services adds client services VP; and Accounts and sales director joins Capital Wealth Planning.
Institutional Investment Returns Rebound in Second Quarter
Plan sponsors saw significant investment gains, with a median plan return of 10.6%, according to Northern Trust.
Federal Court Orders Millions of Dollars Restored to Connecticut Health and Retirement Plans
The decision follows an investigation by the DOL.
Is It Time for the U.S. to Create a Sovereign Wealth Fund?
As the U.S. government looks for a cure-all amid the financial crisis, some experts are looking to a government-owned wealth fund as an answer.
Products |
iJoin Partners with EvoShare on Cash Back for Retirement Savings Program
Retirement savers can get a percentage of every dollar spent at partnered stores contributed to a 401(k), 529 plan or HSA.
Products |
Investment Product and Service Launches
SSGA adds new ESG ETF and Investment Metrics issues fee benchmarking solution.
Princeton Agrees to No Fee Increase, Among Other Things, in Lawsuit Settlement
What the settlement agreement calls ‘therapeutic relief’ also includes conducting an RFP process, creating rules for how often committees meet and reviewing TIAA’s participant loan program.
Revenue Sharing Questioned in New Quest Diagnostics Lawsuit
Among other arguments, the ERISA fiduciary breach complaint suggests fiduciaries “should not choose otherwise imprudent investments specifically to take advantage of revenue sharing.”
Settlement Reached in Lawsuit Alleging Imprudent Sale of ESOP Assets
ESOP plan committee and Republic Services defendants, as well as GreatBanc Trust Co., have agreed to a $7.9 million payment.
CARES Act Special Considerations for 403(b) Plans
Participants invested in annuity contracts may face charges for distributions and limits on amounts they can take as a distribution or loan that they may not be aware...
8th Circuit Affirms Wells Fargo’s Win in Stock Drop Challenge
The plaintiffs failed twice to meet the so-called ‘Dudenhoeffer pleading standard’ before the U.S. District Court for the District of Minnesota, and now their appeal has been rejected...
VALIC Financial Advisors Charged With Disclosure Failures
The SEC says VALIC Financial Advisors failed to disclose to Florida teachers practices that generated millions of dollars in fees and other financial benefits for the firm.