Puerto Rico Hospitality Union Pension Latest to Get PBGC Relief
The stressed union pension plan will receive more than $28 million in special financial assistance, including interest to the expected date of payment to the plan.
Latest News
Benefits |
Plan Sponsors: Act Now to Link Student Loan Forgiveness and Retirement
Alight Solutions offers tactics for plan sponsors to boost workers’ 401(k) deferrals following the president’s student loan forgiveness announcement.
Lawsuit Cites 401(k) Plan Omission of Target-Date Funds Among Problems
The target of a new Employee Retirement Income Security Act case is a plan sponsor with more than 20,000 participants that ‘periodically’ reviewed the plan’s investment options to...
Select 401(k) Balances Declined with Market in Second Quarter
According to a Charles Schwab report, average balances across all self-directed brokerage accounts finished 19% lower than a year ago.
The Siloed Roles Undergirding Plan Sponsors Continue to Blur
The traditional defined contribution roles for supporting plan sponsors are becoming increasingly shared in many areas, according to two asset managers.
Benefits |
California Expands State Retirement Savings Program
CalSavers access was boosted for an estimated 750,000 workers, according to the state of California.
UnitedHealth CFO Rex Is Named a Defendant in ERISA Lawsuit
Plaintiffs’ attorneys have filed an amended Employee Retirement Income Security Act complaint, adding two new claims.
Products |
Dated Thinking May Be Holding Back Annuities
Rising interest rates and increased market volatility could drive plan sponsors to take a fresh look at incorporating annuities.
Retirement Industry People Moves
Mercer enhances global investments and retirement leadership; Calvert hires executive director of engagement; HUB names new chief compliance officer; and more.
Parents’ Retirement Confidence Deflated by Inflation
Among U.S. parents, 52% say saving for retirement is their top financial goal, Nationwide data show.
Pandemic Disruptions Still Affecting Savers
A sizable majority of savers say the pandemic has been ‘highly disruptive’ to the way they manage their finances.
Considering Multiple QDIAs
Using dynamic qualified default investment alternatives can create opportunities to engage with participants as they transition from target-date funds to managed accounts.
Funding the Future Self
To their detriment, plan participants often fail to opt in to in-plan financial advice—but that may be changing.
Target-Date Glide Paths Are Not Personalized Across Industries
Plan sponsors across industry sectors and with widely different wages for workers are using essentially the same target-date fund glide paths, research shows.
Plaintiffs Claim AME Church Plan Is Subject to ERISA
A consolidated class action complaint claims that the church’s 401(k) plan elected to be governed by the Employee Retirement Income Security Act.
Large Employers Increase Focus on Workers’ Health and Well-Being
Despite rising health care costs, employers expect to cover 82% of the cost of employee coverage in 2022, up from 80% the year before, research shows.
Florida Governor Bars State Funds From ESG Investing
DeSantis contends that applying climate and racial sensitivity to asset allocation could harm financial performance.
Retirement Plans Outperformed the S&P 500 During a Volatile Second Quarter
401(k) savings rates remained near record levels.
Connecting Student Loan Debt, Inflation and Retirement Saving
Workers’ short-term financial worries about student loan debt and job security can derail retirement planning.
Plan Sponsor Activity Hits New Highs in 2022
A Fidelity survey finds that employers recognize advisers have a role in attracting and retaining employees.