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Under the terms of the proposed settlement, Putnam will pay a gross settlement of $12.5 million into a common fund for the benefit of settlement class, which numbers...

Retirement plan and financial wellness providers are offering help to employees and plan sponsors during the novel coronavirus pandemic.

The lawsuit alleges plan fiduciaries failed to use the lowest cost share class for many of the mutual funds within the plan and failed to consider lower-cost investment...

SLC Management expands fixed income team; SS&C Technologies names VP for retirement plan administration team; Office leader joins Mercer Northern California division; and more. 

Plan sponsors should consider an off-cycle voluntary benefits enrollment and prepare for a workforce that will pay more attention to voluntary benefits in the future.

It is the latest recordkeeper to waive fees because of the coronavirus pandemic.

Plaintiffs say Liberty Mutual allowed excessive recordkeeping fees and failed to remove poorly performing investments.

Tickeron develops AI analysis for 401(k)s, IPX adds extra annuity products for distribution, and Vanguard closes Treasury Money Market Fund.

The matter with the New York State Department of Financial Services has been resolved with the fine and a transfer of transactions to Athene’s New York-based subsidiary.

The financial wellness platform includes a comprehensive suite of tools and resources to help improve people’s financial health and well-being.

The waivers on these include loan origination fees of $50, manual distribution fees of $25 per distribution and plan amendment fees of $250.

The growing need for public-sector employees has retirees willing to return to work, but limitations on public pensions and Social Security may deter them.

This new challenge is being filed in a different district court and claims that the participant has not signed an arbitration agreement of the type that could stymie...

The District Court had previously denied a motion to reconsider an earlier decision to let parts of the lawsuit move forward.

Plan sponsors can opt in to the voluntary provisions.

“Rather than panic and act on their emotions, the vast majority of participants allowed their DC plans to do the job they were meant to do,” says Katherine...

The action is in response to an IRS extension of some retirement plans’ Form 5500 filing deadlines.