Newly Introduced Bill Aims to Increase Savings for Middle- and Low-Income Workers
The bill would replace the saver's credit with a government match on savings and give savers a COVID-19 recovery bonus credit.
Latest News
Benefits |
2021 Trends in Open Enrollment
Decision support is a top focus, and lessons learned from the pandemic are influencing this year’s season as well.
Former Senator Mike Enzi Leaves Legacy of Retirement Plan Reform
He was instrumental in finalizing the provisions of the Pension Protection Act of 2006, fought for help for multiemployer plans and contributed to the SECURE Act.
DOL Clears Up Timing for Lifetime Income Illustrations
The agency promised to issue a final rule ‘as soon as practicable’ and recognized transition time may be needed if the final rule significantly differs from its interim...
Medical System’s Retirement Plans Target of Excessive Fee Lawsuit
The suit claims the use of an asset allocation solution for the medical system’s 401(a) and 403(b) plans funneled participant contributions into expensive investments.
The Allure of PEPs for Current Plan Sponsors
PEPs offer some advantages worth considering even if plan sponsors already have help and think their plans are running fine, experts say.
Aon-Willis Towers Watson Merger Proposal Called Off
In a statement, the firms say they have agreed to terminate their business combination agreement and end antitrust litigation filed by the Department of Justice.
Retirement Industry People Moves
ISIAH International partners with Hub International and Forest Capital Management; MassMutual hires investment management solutions head; and Retirement Clearinghouse adds executive VP of public policy.
Democratic Lawmakers Reintroduce Women’s Retirement Protection Act
Provisions in the bill, which has been introduced in both the House and the Senate, target both longstanding and new imbalances in the U.S. retirement savings system.
Post-COVID, Lawmakers Return, in Earnest, to Retirement Readiness
During a SIFMA webinar earlier this week, Congressional leaders and asset management executives discussed SECURE Act 2.0 and other legislation that should be top-of-mind for plan sponsors.
Products |
Investment Product and Service Launches
Lincoln Financial Group offers in-plan guaranteed income option and Allianz Life launches in-plan income and annuity solution.
5th Circuit Ruling Backs American Airlines in ERISA Suit
The ruling represents a legal win for American Airlines in a lawsuit alleging it provided a poorly performing capital preservation option.
Factors That Can Cut the Cost of Fiduciary Liability Insurance
An Aon survey of insurers revealed risks they look for that affect insurability and pricing, but good governance practices have been a key factor for years.
Prudential Acquisition Aimed at Improving Participant Experience
Empower CEO Ed Murphy says the Prudential recordkeeping team has tremendous bench strength.
Products |
SPARK Institute Announces New Standards Against Cyber Attacks
The recommendations build upon recently issued DOL guidance.
MetLife Accused of Disloyalty in ERISA Suit
The lawsuit claims MetLife offered its proprietary index funds in its 401(k) plan for its own self-interest and didn’t try to search for more appropriate investment choices.
Benefits |
Giving Employees the Financial Wellness Help They Want
Offering an array of benefits—addressing both physical and financial wellness—and implementing personalized experiences will set employees up with what they need.
Empower to Acquire Prudential’s Full-Service Retirement Business
The company says it expects the acquisition to benefit retirement plan participants, and, by leveraging new capabilities from its 2020 acquisition of Personal Capital, it will offer a...
IRS Updates EPCRS With Additional Corrections
Among other changes, the agency has introduced two new correction methods for overpayments to DB plan participants or beneficiaries.
Plan Progress Webinar: Mid-Year Investment Review
At a recent PLANSPONSOR webinar, investment experts reviewed market performances throughout 2021 so far and key rules for plan sponsors to follow with investment lineups.