TriNet ERISA Lawsuit Latest to Clear Dismissal Motion
The lawsuit, like many others filed by plaintiffs represented by the law firm Capozzi Adler, also suggests the plan sponsor has failed to use the lowest-cost share classes...
Latest News
Student Debt Derails Millennials’ Savings
A significant number of college-educated Millennials feel student debt has affected their ability to save for retirement and to buy a home.
DB Plans Retain Cost Advantage Over DC Plans
New research by the National Institute on Retirement Security reaffirms earlier findings on the greater cost savings and efficiencies provided by pensions as compared to defined contribution plans.
Agreement Reached in T. Rowe Price Proprietary Funds Lawsuit
The firm has agreed to pay $7 million and offer a brokerage window providing participants with access to nonproprietary funds.
Settlement Agreement Filed in Another Excessive Fee Lawsuit
The defendants in a lawsuit against Bronson Healthcare will pay $3 million to settle charges of ERISA violations.
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Sponsors can craft retirement plan document language to manage their exposure to claims for benefits and other Employee Retirement Income Security Act claims.
Intel Prevails Again in ERISA Lawsuit
In considering the plaintiffs’ various claims, the ruling sides firmly with the defense on all but one allegation.
Employees’ Improved Finances Mean More Demand for Financial Wellness Tools
Two-thirds of employees surveyed said having access to a financial wellness program would make them more likely to stay with an employer.
December Tops a Stellar Year for Corporate DB Plans
Experts predict another good year in 2022.
Reframing Participant Communications Is Key for Plan Sponsors to Boost Retirement Savings
A panel of retirement researchers examined participant behaviors that can assist with or deter workers from achieving optimal savings outcomes.
Courts Expand on Rules Regarding the Protection of Retirement Plan Assets
Attorneys say the court opinions inform planning decisions in the cases of divorce or job changes.
What the 2022 Investment Markets May Bring
One prominent chief investment officer foresees a “tug of war between a good earnings tailwind and a modest valuation headwind,” likely resulting in substantial volatility for institutional investors.
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Transamerica Joins PEP-Alternative Market
The Transamerica Advantage Solution is being described by the firm as ‘a configurable retirement plan’ designed to be attractive to small employers.
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
A TIAA survey also found employees are more concerned about day-to-day finances than saving for retirement.
Finalized Form 5500 Changes Add Little to Plan Sponsors’ Responsibilities
While plan sponsors will need to ensure the form contains accurate data, many of the proposed changes to the 2021 Form 5500 were not finalized.
Retirement Industry People Moves
Faegre Drinker names benefits and executive compensation partner; Smart enters into agreement to acquire Stadion; MidAmerica joins USRBP; and more.
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Updated Participant Website Launched by Lincoln
In addition to increased functionality, the new online experience also features an online content hub with videos, articles and tools to help participants educate themselves.
Corporate DB Plans Thrived in 2021
Joseph Gamzon, with Willis Towers Watson, said many sponsors have better positioned their plans through investment allocation and settlement activity since 2008.
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Investment Product and Service Launches
Alger launches fund with ESG mandate; Security Benefit expands EliteDesigns variable annuity series; VERMEG adds new margin analytics capabilities with acquisition; and more.
New Defendants Added in Refiled ERISA Complaint
The text includes an extensive number of related allegations against the plan’s adviser and sponsor, including allegations that suggest the plan sponsor and adviser made imprudent investment decisions...