Latest News

Jose Minaya steps down from top post at TIAA’s investment management division.

A former employee alleges that the San Francisco-based company violated its fiduciary duties by using forfeited plan assets to reduce future employer contributions.

ShareBuilder waives 401(k) setup fee; Voya launches access to SecureSave; Equitable expands Endowment Solutions Platform; and more.

The transaction will remove $2.5 billion in pension liabilities from the company's books.

The refund is the second such settlement related to overpayment of Special Financial Assistance due to the inclusion of deceased participants.

The rise in yields in recent years have not boosted the size of the contracts.

The grant will protect the retirement benefits of 24,288 participants.

Retirement plan participants alleged fiduciary breaches occurred within the Houston-based health care system’s 401(k) and 403(b) plans.  

A federal judge in Kentucky ruled in favor of the Humana Retirement Savings Plan with a summary judgment and dismissed the lawsuit.

Private-sector employers with five or more employees would be required to offer a retirement plan under the bill.

A new report explains that the consumer price index for the elderly would need to be revamped before it could be used for any official purpose.

Encouraging participants to engage more with the retirement plan requires targeted communications, using incentives and leveraging technology, according to expert panelists.

Equity markets kept funding levels up even as discount rates fell in May.

Mercer parent Marsh McLennan acquires Cardano to expand retirement business across the Atlantic.

Two pending bills would require greater disclosures to health payers.

Four award-winning plan sponsors shared ways they have improved their plans in order to better serve their participants’ financial well-being.

A Texas federal judge has scheduled a trial date, following the entry by attorneys for each side of pretrial materials, including witnesses that each expects to testify. 

Alaska and Rhode Island are examining options for public retirement plans, as not having pension plans has made it hard for public employers.   

Plan sponsors may need additional time and processes to consider qualified default investment alternatives, as various TDFs, managed accounts and retirement income options are all in play.

Ameritas announces senior vice president of retirement plans; Aon appoints Reese as next CFO; Ascensus restructures sales team; and more.