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The defendants are accused of using the company's 401(k) plan to prop up its mutual fund business. 

J.P. Morgan announces new private equity team; PGIM creates global head of ESG role; OneAmerica bolsters health care sector team with new hire; and more.

Despite the tax advantages available, most HSAs account holders don’t capitalize by using HSAs as long-term investments to pay for future qualified health expenses.

In denying a motion to dismiss, a federal judge said he had been waiting on the Supreme Court’s ruling in Hughes v. Northwestern University.

The lead plaintiffs’ attorney says the Supreme Court has confirmed that it is the employer’s obligation, not the employee’s, to make sure funds in the plan are prudent...

One of the obvious and lasting appeals of multi-asset-class portfolios such as TDFs is their potential to provide retirement plan participants with a smoother ride when markets are...

Advisers surveyed by Capitalize expressed a different view.

The suit also alleges plan fiduciaries allowed for excessive recordkeeping fees to be charged to participants.

Academic research analyzed the auto-enrollment IRA program for private sector workers. 

President Joe Biden’s nominee for assistant secretary of labor for the Employee Benefits Security Administration, Lisa Gomez, has deep experience in labor issues.

The Retirement Readiness Calculator Program is intended to bolster plan sponsors’ planning and retirement support resources.

An EBRI report finds five policy ideas and assumptions would likely slash retirement savings deficits.   

The new ruling states that Tibble v. Edison’s discussion of the continuing duty to monitor plan investments applies in the Hughes v. Northwestern University case.

Both lawsuits argue that the index suit of the target-date funds would have been a better option for plan participants.

LeafHouse Financial announces new transitions; CalPERS board elects new leaders; Creative Planning acquires Reilly Financial Advisors; and more.

An order filed in an excessive fee lawsuit against Baptist Health South Florida says the 403(b) plan in question effectively agreed to arbitration on behalf of the plaintiff.

A federal court certified a class of trustees, sponsors and administrators of all ERISA employee benefit plans that owned variable annuity contracts via John Hancock’s Signature platform.

A higher salary might not be as effective to attract recruits as providing generous benefits, such as larger employer matching contributions in retirement plans, Hub suggests.