Health Care Provider Faces Excessive Fee Lawsuit
Participants claim that the plan charged excessive fees for investments and recordkeeping services.
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Spousal Protections in DC Plans Eyed by Key Senators
Lawmakers have asked the Government Accountability Office to study the need for greater spousal protections in defined contribution retirement plans.
Retirement Industry People Moves
The Standard hires new retirement plan consultant; NFP expands benefits capabilities with acquisition.
Legislation Would Ban Institutional Investments in Russia
The proposed IMPAIR Russia Act would prevent investment firms, insurance companies and fiduciaries subject to ERISA from investing in Russian entities.
JPM: Current De-Risking Strategies Might Encourage DB Plan Terminations
J.P. Morgan says a strategy change from LDI is needed to facilitate pension stabilization.
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Investment Product and Service Launches
KraneShares introduces active global carbon transformation ETF; Dimensional lists four new international equity ETFs; Nasdaq Fund Network welcomes BlackRock’s Target Allocation ETF models; and more.
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Group Retirement Plan Offering Is Focused on ESG
The product was launched through a recordkeeper, third-party administrator, and investment manager partnership.
Plaintiffs Must Replead Case in Kimberly-Clark ERISA Suit
A federal court order rejects the defendants’ motion to dismiss the lawsuit, which argues plan fiduciaries permitted the payment of excessive fees, but it also determines that the...
Financial Wellness Webinar Attendance Linked to Higher 401(k) Contributions
The amount of the increase in contributions depends on employees’ age and initial contribution level, research from the Employee Benefit Research Institute found.
ERISA Suit Against Nationwide Moves Ahead
The consolidated lawsuit alleges Nationwide 401(k) plan fiduciaries failed to negotiate guaranteed investment fund terms that were as good as the same fund’s terms for its DB plan.
Retirement Plan Participants Need Help With Retirement Income
From in-plan to out-of-plan, guaranteed or not, retirement plan sponsors have many options and many decisions to make.
Employers Use SDBAs to Give Employees Choice
Self-directed brokerage accounts can also help keep participants in the plan and be an avenue for offering not-so-standard investment options, but they’re not right for every plan.
Strategies to Simplify DC Plan Investment Menus
Plan sponsors can use a layering approach and white labeling to help defined contribution plan participants select investments.
Sponsors Look to Strategically Expand Retirement Benefits
Retirement plan sponsors are looking to enhance their plans to address employees' overall financial wellness.
Confluence of Events Might Affect Plan Size
Retirement plan sponsors should keep an eye on asset flows to maintain purchasing power and understand participant needs.
Plan Sponsor Sued Over ‘Untested’ TDFs
The lawsuit alleges Molina Healthcare offered target-date funds in its 401(k) plan that employed a management style that had never been used before, among other things.
Lawsuit Claims Rehires Were Deprived of Retirement Benefits Owed to Them
The lawsuit says Raytheon violated retirement plan terms and ERISA by not allowing rehires to repay prior distributions and by miscalculating offsets of those distributions.
Climate Disclosure Rules Proposed by SEC
Organizations would be required to disclose their governance of climate-related risks and relevant risk management processes, as well as their greenhouse gas emissions.
Inflation’s Impact on Health Care Costs in Retirement
An analysis from HealthView Services shows how inflation dramatically increases what future retirees will have to pay for health care.
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J.P. Morgan Launches Integrated Retirement Income Spending Tools
Retirement income tools that can be integrated into TDFs provide a way for plan sponsors and advisers to help participants spend down their accumulated balances.