IRS Offers Some Clarifications About CARES Act Retirement Plan Provisions
The guidance explains how repayment of coronavirus-related distributions works and whether plan sponsors are required to accept them, among other things.
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The Standard Offers Fee Relief to Plan Sponsors and Participants
In addition, every virtual meeting scheduled in May with a retirement plan adviser will be matched by a $25 donation to Feeding America.
Lawsuit Alleges Excessive Fees in Multiple Employer Plan
Though the plan’s recordkeeper is not named as a defendant, the lawsuit says fiduciaries of the ADP TotalSource Retirement Savings Plan allowed it to design an unfavorable investment...
EBRI Calls COVID-19’s Impact on Retirement Security ‘Manageable’
Certain actions by DC plan sponsors and participants can keep it that way, a conversation among professionals suggests.
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Club Vita and Segal Announce Longevity Risk Reporting
The longevity analytics firm will bring its reporting services to Segal clients.
QDIAs the Best Place for Participant Assets During Downturns
QDIAs keep DC plan participants on a path for growth, but the current market volatility plants seeds of new ideas about their construction going forward.
Automotive Manufacturer New Target of ERISA Excessive Fee Suit
The complaint also argues that the structure of Magna International of America’s plan “is rife with potential conflicts of interest.”
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DC Plan Annuity Product Available on KTRADE Recordkeeping Platform
DIETRICH has partnered with KTRADE Alliance to offer its ANNUA Direct Quote tool to users of KTRADE.
Court Dismisses Johnson & Johnson Stock Drop Suit
Johnson & Johnson successfully argued that the plaintiffs have not met the pleading standards established by Fifth-Third v. Dudenhoeffer, however, the court granted them leave to amend their...
Prudent Investment Review Processes Need Not Change During Volatility
However, serious downturns can reveal risks plan sponsors didn’t know they had.
State Pensions at Lowest Funded Level in 30 Years
Negative returns for most asset classes caused by COVID-19’s stress on the financial markets caused an estimated 12.2 percentage point drop in Q1 2020.
Use of Incorrect Compensation Definition Alleged in Lawsuit Against Host International
The plaintiff in the case says Host’s tip policy interferes with his and others’ ability to defer income under the terms of the plan and discriminates against tipped...
Market Conditions Highlight Individual Investor Interest Rate Risk
Long a challenge associated with pensions, defined contribution plan investors find themselves grappling with the challenges of interest rate risk amid the coronavirus pandemic.
Pandemic May Stall Implementation of Certain DC Plan Decisions
The effects of the COVID-19 pandemic have plan sponsors contemplating what to do about scheduled re-enrollments, the (RFP) process and fund mapping during recordkeeper conversions.
Current Volatility Shows Weaknesses in TDFs
Lessons about diversification—especially for those nearest retirement—not learned during the Great Recession will be a focus for plan sponsors and TDF providers now.
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GoalPath, Questis Partner on Financial Wellness
The companies are offering a support program to investors affected by the COVID-19 pandemic for free for nine months.
Retirement Industry People Moves
Callan names private equity SVP and IRI announces changes to executive committee and board of directors.
University of Miami Faces Lawsuit Over 403(b) Plan Fees
The plaintiffs say they seek similar remedies as those in a settlement that was court-approved in a case against Duke University.
Can Employers Use PPP Funds to Contribute to HSAs?
Limited guidance on the regulations makes this answer complex for plan sponsors.
DOL, Wilmington Trust Reach Agreement Over ESOP Overpricing
The agreement requires Wilmington Trust to pay $80 million to 21 employee stock ownership plans (ESOPs) for which it served as trustee.