DOL Sues Shuttered Law Firm Over Participant’s Assets
The McCullough, Campbell & Lane LLP retirement savings plan owes an average of more than $200,000 to 25 participants.
Participants
Benefits |
Analysts Agree IBM Pension Thaw Benefits Both Participants and Plan Sponsor
IBM’s decision to unfreeze its pension is a ‘strong endorsement’ of plan sponsors operating parallel defined contribution and defined benefit retirement plans.
Motion Seeks to Hold Alight Liable for Theft of 401(k) Assets
Plaintiff Paula Disberry has requested the court order restoration of her $750,000 in lost assets.
EBSA Head Lisa Gomez Talks Broadening Access to Retirement Benefits
The assistant Secretary of Labor for the Employee Benefits Security Administration spoke to PLANSPONSOR about ‘Schoolhouse Rock,’ disparities in retirement benefits access and SECURE 2.0.
Tentative UAW Deals See Major Benefit Increases for Workers
While the United Auto Workers will not see the restoration of defined benefit pension plans, they are likely to see significant increases to employer 401(k) contributions and pension...
CalSavers Sees Retirement Plan Registrant Increase
Other state plans lag behind, but the Golden State’s program continues to welcome more registered employers and participant-funded accounts.
Participants, Plan Sponsors Need More Education on Annuities, Guaranteed Income, Study Shows
A joint Western & Southern and LIMRA study finds that 44% of respondents did not understand what a retirement income plan entails.
Benefits |
Whole Foods Plans Benefit to Plug Workers’ Saving Gaps
The company announced this week it will offer emergency savings accounts in 2024.
Market Conditions Continue to Fuel Pension Risk Transfers
The majority of plan sponsors with the goal of mitigating pension plan risks are looking to fully divest their company’s pension liabilities, according to MetLife.
2023 PLANSPONSOR National Conference On Demand
Recorded sessions offer the insights and education on plan administration and compliance plan sponsors need to help employees create good financial outcomes.
Pension Plans of Kellogg, Kohler, FedEx Sued for Outdated Calculations
A law firm has sued four defined pension plans over the last six weeks alleging fiduciaries violated ERISA and shortchanged vested participants.
Is the UAW’s Demand for Return of Pensions a Realistic Ask?
In addition to wage increases and an end to wage tiers, the United Auto Workers are demanding the return of defined benefit pension plans, as well as retiree...
Housing Expenses Drive Spending Volatility in Retirement
Home-related expenses were 5 times more likely to drive spending volatility for retirees than health-related expenses, according to data from T. Rowe Price.
Plan Sponsors’ Retirement Income Thinking Has ‘Evolved’
More employers are considering in-plan decumulation options.
Benefits |
Delta’s Emergency Savings Program Shows Retirement Security Dividends
Airline employees enrolled in an emergency savings program have also increased their 401(k) contributions.
Plan Sponsors Push Toward Retirement Income, Financial Wellness Over Last Decade
Plan sponsors have increased their focus on delivering expanded benefits and employee financial wellness programs in defined contribution plans, according to JP Morgan Asset Management.
Gen Z Workers Take Different Investing Approaches Than Older Generations
Plan participants born after 2000 raised their retirement contributions and invested in cryptocurrency and non-fungible tokens at higher rates than adjacent age cohorts, according to recent research.
UnitedHealth Group Insurance TPA, UMR Sued by DOL
The Department of Labor’s complaint may indicate health care regulations are going the way of rules for retirement plans.
Serving Growth-Asset Needs of Older Participants, Retirees
Incorporating alternative assets into a defined contribution investment lineup is an opportunity to reflect older participants’ desire for growth, experts say.
Women Addressing Lifetime Income More Than Men
More women than men ages 61 to 65 are interested in securing guaranteed lifetime income sources, presenting an opportunity for retirement plan sponsors and advisers, research shows.