News Archives | Page 97 of 2527

Compliance | October 8th, 2020

Lessons From a Rare ERISA Excessive Fee Suit Dismissal

The complexity of retirement plan lawsuits often makes district court judges reluctant to approve early dismissal motions plaintiffs, but Salesforce has succeeded in defeating a complaint alleging it...

Products | October 8th, 2020

Investment Product and Service Launches

Wilmington Trust adds DocuSign to eVault program; Columbia Threadneedle announces Fixed Income successor; and TIAA grows variable annuity investment lineup.

Data and Research | October 8th, 2020

Longevity Bound to Make Work a Requisite for Retirees

Experts say in the future, it may not be uncommon for people to work until age 70 or 80, requiring new thoughts about work, as well as finances.

Compliance | October 8th, 2020

Plaintiffs Abandon Their Lawsuit Over Principal CIT TDFs

The suit had alleged fiduciary breaches regarding the selection and monitoring of underlying investment options for collective investment trust TDFs offered in retirement plans.

Compliance | October 7th, 2020

Dismissal Ruling in Salesforce ERISA Litigation Rejects Overly Broad Arguments

The ruling states that actively managed mutual funds and share classes that include revenue sharing can have their place in prudently run retirement plans.

Compliance | October 7th, 2020

Supreme Court Refuses to Hear Lawsuit Over Prohibited Transactions Related to a GIC

Whether Principal acts as a fiduciary when setting the crediting rate for its GIC goes back to a federal district court to decide.

Benefits | October 7th, 2020

Strategies for Employers to Keep Health Benefit Costs Down in 2021

Companies anticipate volatility in this expense, yet they can mitigate increases without sacrificing benefits or putting the onus on participants.

Data and Research | October 6th, 2020

Regular Contributions Help Participants Reach Higher 401(k) Account Balances

An EBRI and ICI report finds contributions were the top factor increasing balances, more so than benefits paid or investment returns.

Data and Research | October 6th, 2020

How Will the PEP Market Develop in Early 2021?

One provider getting ready to launch a SECURE Act-enabled pooled employer plan on January 1 expects plan sponsor take-up to start slow but build significantly over time.

Compliance | October 6th, 2020

Supreme Court Asked to Review Sufficiency of Excessive Fee Imprudence Claims

In a case against Northwestern University, the petitioners ask whether allegations that a plan paid or charged its participants fees that exceeded fees for alternative available investment products...

Products | October 6th, 2020

Transamerica Debuts Student Loan Repayment Program

It enables sponsors to shift their benefits dollars to the retirement plan or to an employee’s student loan servicer.

Compliance | October 6th, 2020

Supreme Court Denies Review of PE Firm Withdrawal Liability Case

The denial lets stand an appellate court decision that two entities of Sun Capital Partners, which bought a firm that withdrew from a multiemployer plan, are not liable...

Investing | October 5th, 2020

ESG As a Fiduciary Consideration

Industry professionals highlight the importance of implementing environmental, social and governance strategies, and explain how the investments connect to a plan sponsor’s fiduciary duty.

Compliance | October 5th, 2020

IRS Issues Final Rule on Default Withholding for Periodic Payments

For 2021, the default rate of withholding for certain periodic retirement and annuity payments will remain the same as it was prior to the Tax Cuts and Jobs...

Compliance | October 5th, 2020

Abbott Defendants Dismissed From Retirement Plan Cybersecurity Lawsuit

However, a federal judge did not dismiss claims against the recordkeeper for the Abbott Laboratories Stock Retirement Plan.

Compliance | October 5th, 2020

TriNet Latest to Face Familiar Fiduciary Breach Allegations

Yet another piece of ERISA litigation has been filed by the law firm Capozzi Adler, this one following the same template as the numerous other complaints filed by...

Deals and People | October 2nd, 2020

Retirement Industry People Moves

Nova 401(k) Associates names new attorney and consultant; Lockton Pacific adds employee benefits VP and producer; and CC Capital and Motive acquire Wilshire Associates.

Investing | October 2nd, 2020

An Overview of, and How to Assess, Retirement Income Options

A look at the in-plan, out-of-plan, insured and investment options available.

Compliance | October 2nd, 2020

ERISA Litigation Targets Insurance Services Office

The complaint, which includes stretches of text directly copied from previous lawsuits, says the plan sponsor’s actions were contrary to those of a reasonable fiduciary.

Products | October 2nd, 2020

New Firm Ready to Launch 401(k) Account Search and Rollover Solution

Capitalize says its platform supports employers by helping them lower fees paid to administer their 401(k) plans and by freeing up HR time otherwise spent communicating with former...

Latest News