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With ‘enhanced technology,’ the SSA will now conduct an anti-fraud check on all phone applications for benefits. 

Groom Law Group expands its retirement and fiduciary practice; Hub International makes two appointments; Nationwide Retirement Solutions names a mid-market acquisition director; and more.

State Street, Apollo announce Target Retirement IndexPlus; Yieldstreet to launch automated private markets investing solution; Fidelity adds two fixed income ETFs; and more.

Equity market losses led to falling pension funding ratios last month. 

Accessing health plan data is a plan sponsor’s ‘superpower’ and provides leverage in negotiations with pharmacy benefit managers, according to experts.

After receiving backlash from retiree advocates, the agency announced that all claim types can be completed over the phone once again.

The IRS agreed to share taxpayer data with immigration authorities, a marked contrast to its 2023 approach to EBSA’s lost-and-found database.

The U.S. insurance business will remain under the John Hancock name.

The think tank advocated in a recent paper for labeling in-plan lifetime income solutions as distinct asset classes, as well as refining safe harbor language.

The platform aims to help employees manage their paychecks, build emergency savings and improve their credit scores.

How can plan sponsors avoid prohibited actions, mitigate fiduciary exposures and correct errors?

The Financial Freedom Act would reverse the Department of Labor’s guidance against including cryptocurrency investments in 401(k) accounts.

The regulator addressed confusion resulting from ERISA-related questions that arose after passage of the SECURE 2.0 Act of 2022.

WTW makes Health, Wealth & Career appointments; Allspring Global Investments to get new CEO;  Oliver Nisenson to join PGIM Fixed Income as head of Asset-Based Finance; and more.

Alight Solutions found high levels of trading in retirement plans in the first quarter of this year, with investors trading out of equities and into fixed income.

In a commentary this week, Julie Su opined about “nightmares that could become the norm in a country without a strong U.S. Department of Labor.”

Complying with the Consolidated Appropriations Act requires health plan fiduciaries to closely monitor the middlemen involved in administering their health plans.

Voya expands its target-date solutions with a CIT blend series; Congruent acquires IPX Retirement Edge; Vanguard launches a short-duration ETF; and more.

Many workers do not understand the benefits of delaying their claim of Social Security benefits and ‘full retirement age.’

Devenir data show there are more than 39 million health savings accounts in the U.S.