Retirement Plan Lawsuit Targets Texas Health Care System
Retirement plan participants alleged fiduciary breaches occurred within the Houston-based health care system’s 401(k) and 403(b) plans.
Tag: 403b
How Should Plan Sponsors Stand Up a New Retirement Plan Committee?
Plan sponsors can find education and training for their retirement plan committees from several sources, but how best to build...
How Sponsors Can Get the Most out of DC Plan Design Changes
Annuities may be a hot topic, but sponsors can add the most value to plans by incorporating features like auto-enrollment...
Benefits |
DOL Prevails in Court Orders, Removing TPA From Acting as Fiduciary for Sponsors
The regulator prevailed in motions against a Pennsylvania retirement third-party administrator it alleges stole $5.5 million in retirement plan assets...
Auto Default Contributions Hit High of 4.1% Among Fidelity Participants
The recordkeeper also found retirement saving balances rebounding with stronger market performance in Q2.
SECURE 2.0: What’s Not to Like? Nothing, Apparently.
It is becoming harder and harder to find a party who offers anything other than support for SECURE 2.0.
403(b) Plans May Apply for IRS Determination Letters Starting Next June
The IRS will provide determination and termination letters to 403(b) plans beginning next June.
Wilmington Trust Launches CIT Onboarding Tool
The tool for employer-sponsored plans seeks ‘democratization’ of the use of collective investment trusts.
Social Security Fears Drive Early Benefit Claims
Schroders finds that almost half of workers surveyed have no strategy to generate retirement income.
SEC Secures Sizable Settlement From Equitable Financial
According to an SEC announcement, Equitable gave investors the false impression that their quarterly account statements listed all fees paid...
Hopes Are High for Lame-Duck Passage of SECURE 2.0
One retirement industry policy expert says the conversations she is having on Capitol Hill make her optimistic that the ambitious...
401(k) vs. 403(b): Different Paths to Retirement Readiness
Studies find differences in 403(b) and 401(k) plan design and participant behavior, but both plan types are increasing in importance...
Products |
New TPA to Focus on 403(b), 457 Education & Service
The TPA will give sponsors a platform where they can centralize these functions.
SECURE Act 2.0 Passed Unanimously by Ways and Means Committee
A rare unanimous affirmative voice vote by the Ways and Means Committee allows the SECURE Act 2.0 to be considered...
UPenn Agrees to $13M 403(b) Plan Lawsuit Settlement
The newly published text of the settlement agreement and accompanying order include significant non-monetary actions to be undertaken by UPenn.
UPenn Will Settle ERISA Fiduciary Breach Lawsuit
The filing of a stay motion related to a forthcoming settlement represents the beginning of the end for the complicated...
IRS Publishes Guidance for Terminating 403(b) Plans
In tandem with the Treasury Department, the IRS is also requesting comments on the application of annuity and spousal rights...
Reaching K-12 403(b) Plan Participants During the Pandemic
School districts will find that advisers who normally camp out in the cafeteria or teachers’ lounge are striving to continue...
2019 PLANSPONSOR Defined Contribution Survey Open
Sponsors of defined contribution (DC) plans are invited to respond to our annual DC Survey. The survey is our largest...
Judge Rules to Dismiss Georgetown University 403(b) ERISA Lawsuit
The colorfully worded opinion chides plaintiffs for failing to acknowledge the unique character of 403(b) retirement plans—including their common use...