Picking the Minds of Stock Plan Participants
Most feel confident in their ability to access their stock plan account, but many would like more education about maximizing their benefit.
Latest News
Benefits |
A Plan Sponsor Offers an Interactive Financial Wellness Benefit
The CEO of Pressed wanted a flexible program to address a diverse workforce.
Products |
Groom Law Group Publishes Guide for Selecting Lifetime Income Options
The paper aims to provide defined contribution plan fiduciaries with a practical tutorial for choosing lifetime income investments.
Retirement Industry People Moves
MetLife Investment Management fills lead LDI strategist role; Smart adds head of fiduciary oversight; Principal announces new U.S. retirement business president; and more.
DOL Announces Enforcement Actions for Abandoned Plan and Missed Contributions
The Department of Labor announced judgments against a pair of plan sponsors to restore employees’ retirement plan contributions after ERISA fiduciary breaches.
Benefits |
San Diego to Retroactively Replace Thousands of Employees’ DC Plans With Pensions
A law that moved all city employees except police officers to defined contribution plans was found to have been illegally placed on the public ballot.
Products |
American Trust Partners With iJoin on Retirement Solutions
The alliance will offer participants a personalized enrollment, investment and education experience.
Products |
Investment Product and Service Launches
GaiaLens launches real-time ESG news service; AllianceBernstein and Vestmark unveil custom municipal solutions platform; DCALTA partners with PivotalPath to launch hedge fund benchmarks; and more.
Social Security Replaces More Retirement Income for Low-Income Participants
Plan sponsors can assist low- and moderate-income workers’ retirement readiness by educating them about the benefits of delaying Social Security until full retirement age.
Public Sector 403(b) Plans Have a Participation Problem
Nonetheless, there are ways governments can create more engaged employees and encourage workers to join defined contribution plan programs.
Court Rejects Plaintiff Claims in Yum! Brands ERISA Lawsuit
The complaint alleged that the plaintiff met the test for employee status per prior case law, but that Yum! impermissibly misclassified him as an independent contractor.
Products |
Empower Retirement Reveals New, Shorter Name
The company says it wants to help people achieve both short- and long-term financial goals, and the name change from ‘Empower Retirement’ to just ‘Empower’ helps capture that.
ESOPs Provided Financial Resiliency to Employees During the Pandemic
Participants in ESOPs were able to accrue larger balances than their non-ESOP counterparts, research found.
Plan Design Strategies to Boost Retirement Outcomes for Low-Income Participants
Sponsors have a toolbox of plan design and benefit approaches they can use to boost retirement outcomes for low- and moderate-income earners.
Duke Energy ERISA Lawsuit Clears Dismissal Motion
The district court’s order promptly concludes that the plaintiffs have sufficiently stated a claim for breach of fiduciary duty.
Investment Opportunities for DB Plans Moving Forward
Corporate defined benefit plans should consider managing volatility, avoiding concentration risk and factor investing.
New Developments in Managed Accounts
Lower fees, more services and new distribution methods might make managed accounts worth a new look for DC plan sponsors.
IRS Issues 2022 Cumulative List for 403(b) Plans
It identifies changes in the requirements of Section 403(b) of the Internal Revenue Code that the agency will take into account during the second remedial amendment cycle.
DOL Targets NYC Courier in ERISA Breach Lawsuit
The defendants are accused of failing to remit employee contributions to the company 401(k) profit sharing plan.
Plan Sponsors Still Aren’t Embracing ETFs
Many defined contribution plan sponsors are focusing on lower fees, which is a selling point for exchange-traded funds, but there are other ways sponsors can cut costs.