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Along with launching its new Student Loan Management solution, the firm will give customers the opportunity to offer a college savings plan in the future.

Employers should provide financial wellness programs that continuously engage employees, as employee stress has increased, especially among younger generations dealing with student loan debt.

The bill would encourage plan sponsors to re-enroll nonparticipants at least once every three years.

However, it concluded that the costs outweigh the benefits of additional regulations, except in the case of ‘brokerage window only’ plans.

Robust financial wellness programming can distinguish an employer, serve as a retention tool, provide a competitive edge, and lower labor costs by bolstering employees’ retirement readiness.

In addition to naming the company as a defendant, the lawsuit also targets members of the board of directors, as well as other officers of the firm.

Alerus adds senior retirement specialist; HSA Bank acquires HSA solutions provider; Innocap to acquire BNY Mellon’s HedgeMark business; and more.

The majority of plans are at least 80% funded, and even those in critical and declining status are expected to see improvement with the Special Financial Assistance approved...

Retirement Plan Advisors expands solutions to include adviser managed accounts; State Street Global Advisors announces high-yield debt ETF; Morningstar and Hueler offer integrated lifetime income service; and more.

The number of U.S. workers who are open to putting money into investments that guarantee a portion of retirement income fell in 2021 from the previous year, a...

Financial services companies and retirement plan industry advocacy groups are rallying behind the legislation, which would allow plan sponsors to utilize default investments that include an annuity component.

Public funds bested corporate funds thanks to higher equity allocations.

Legislators say the LIFE Act builds upon the SECURE Act provision that enhanced the safe harbor on which plan sponsors rely when choosing an annuity provider.

Employers that were part of an initiative to start or improve their programs—using a wide variety of approaches—shared challenges, surprises, rewards and advice.