Benefits

The Department of Labor keeps working to implement provisions of 2022’s SECURE 2.0 Act alongside further rules for retirement and health benefits.  

The credit union aims to bolster each of its workers’ financial health with a $400 deposit.

The Institutional Retirement Income Council expects more plan sponsors to implement in-plan retirement income solutions in the new year. 

Using retirement plan data and a mission statement to define and measure success.

Institutional Advisory debuts 401(k) pooled employer plan, with Transamerica Corp. the recordkeeper and Pentegra the pooled plan administrator.  

The insurance provider launched its emergency savings program in April, allowing participants to contribute up to $10,000 to the account each year.

According to Wilshire, November saw the largest monthly increase in liability value since it began tracking corporate pension funded status in December 2012.

The Delaware EARNS program will be available to Delaware private sector workers who don’t have access to a retirement savings program and will be administered by digital 401(k)...

With more plan sponsors maintaining overfunded pension plans, some analysts argue that reopening a defined benefit plan, as IBM plans to, might be a good idea.

The Employee Benefits Security Administration released a video to remind plan sponsors about the importance of participants completing the Social Security Administration’s potential private retirement information notice.

Employers often have to choose between competitive wages and a robust retirement package, according to panelists at a DCIIA conference. Their choice may influence what kind of workers...

A pension participant in Florida is suing after his benefits were allegedly reduced.

An average of three out of four plan sponsors plan to make a decision on in-plan annuity income solutions by the end of next year, per new research...

The pooled employer plan was launched in 2021 and has doubled in assets in the past year.

The deals with General Motors, Ford and Stellantis may serve as a catalyst for nonunion companies to create more competitive benefits.

A cybersecurity breach affecting thousands of nonqualified compensation accounts is being resolved, but participant accounts remain days away from updates and coming back online.

IBM’s decision to unfreeze its pension is a ‘strong endorsement’ of plan sponsors operating parallel defined contribution and defined benefit retirement plans.

Looking ahead to next year, Vanguard’s David Stinnett predicts plan sponsors will continue to expand financial wellness programs and will explore optional SECURE 2.0 provisions. 

The Board, or its designee, will review the investment performance of each investment option and underlying investment fund at least quarterly and review the policy at least annually.

Principal, T. Rowe Price, Vanguard and Ascensus note ongoing system issues due to a cybersecurity problem at a US-based division of Infosys.