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While awaiting action from the government to shore up Social Security, plan sponsors can do their part by educating employees.

One unique feature of the complaint is a short discussion of Sageview Advisory Group being a “non-defendant fiduciary.”

The agency says the third six-year remedial amendment cycle for pre-approved defined benefit (DB) plans begins on May 1, 2020, and ends on January 31, 2025.

In addition, the bank has agreed to an independent review of funds in its 401(k) plan and to issue a request for information to multiple potential recordkeepers.

Failure to find missing participants could disqualify a retirement plan under the tax code and lead to breaches of the ERISA fiduciary duty.

The appetite for environmental, social and governance investing cuts across generations and genders.

In 2019, the retirement plan industry saw the debate, support and eventual passage of the SECURE Act.

Although the complaint notes that the defendants acted to replace higher-cost share classes with lower-cost ones in 2019, it says that action did nothing to repair participants’ accounts...

The Cadillac Tax, which many said would limit health care choice and cause greater cost-shifting to employees, was repealed.

The bill transfers certain funds to provide pension and health benefits for retired coal miners.

Plan sponsors need to understand how vulnerable retirement plan and participant data is to cyberattacks, and know what they, providers and participants can do to mitigate the risk.

Sponsors can distribute assets from a 403(b)(7) custodial account, along with other measures.

Mercer appoints US health leader following former leader’s retirement; The Segal Group hires SVP in corp. market practice; Voya Retirement brings in institutional clients VP; and more. 

During the next decade, it will become the norm for six generations of Americans to be working together, raising opportunities and challenges for employee benefit professionals.

They also have a larger portion of their portfolios in cash than other generations, according to Charles Schwab.

The university says the high court should re-establish the pleading standard it previously set, as well as issue a decision to stop the pressure to settle cases against...