California Business Conglomerate Cuts $1.25M Deal to End ESOP Lawsuit
A holding company has agreed to settle a lawsuit that alleged fiduciaries of its ESOP plan enriched themselves and shortchanged...
Tag: COVID-19
US Public Pensions ‘Convinced’ Inflation is on Path to Moderation
Following nine successive Federal Reserve interest rate hikes and inflation hitting a peak of 9.1% in June 2022, U.S. public...
Millennials Retirement Readiness Fell the Most From 2020
Average retirement account balances increased by 5% from last quarter, in positive movements.
Hankey Group ESOP Sued in Attempt to Capitalize on COVID-19’s Economic Effects
A former ESOP participant claims fiduciaries created conditions forcing the sale of participants’ assets by attempting to take advantage of...
Benefits |
Employers View Workforce Well-Being as Key to Strategy
Employers expect to return employee well-being benefits to pre-COVID levels in 2024, bringing back yoga, meditation classes, Fidelity and Business...
EBSA’s Gomez Offers Glimpse of DOL’s Thinking on ESG Rule; SECURE 2.0
Also, with the end of COVID-19 as an official public health emergency, the assistant secretary of labor wants to make...
Retirement, Broad Financial Fallout From COVID Continues
A defined contribution industry survey finds lasting financial effects to retirement plan participants.
Accelerated Retirement Plan Closings Put Pressure on Small Employers
A Morningstar report reveals the pandemic caused defined contribution plan closings to spike and new plan creation to slow down.
Julie Su Nominated to Replace Walsh at DOL
Biden tapped the deputy secretary of labor to take over as head of the DOL, with a Senate confirmation hearing...
Public Service Workers Face Retirement, Financial Security Concerns
State and local government employers can bolster the retirement and overall financial security of workers with expanded access to emergency...
Today’s Employees Expect Retirement Plan Benefit in ‘New Savings Paradigm’
A new Vestwell research report details emerging retirement trends for employers and workers.
U.S. State, Municipal Pensions Saw Funding Statuses Fall 6.6% in 2022
The Equable Institute released its final 2022 projections for U.S. state and local public pensions funding status, revealing the best—and...
Inflation Spike Shakes Women’s Retirement Confidence
More women than men expect to delay retirement or to never be financially ready to retire, new Nationwide research shows....
IRS Proposes Accepting Remote Notarization on Permanent Basis
The rule would codify relief from ‘physical presence’ rules for retirement plan elections that was first granted during the height...
Employers Have Enhanced Well-Being Programs, Not Added Annuities
Employers have embraced 401(k) plan benefits changes for 2023 but have avoided certain enhancements provided by the original SECURE Act.
Opinions |
Cybersecurity: Key Considerations and Resources for Plan Sponsors
There is no hiding from attacks on your plan’s technology and data. What are the most important steps you can...
CDC Data Shows Increased Deaths and Lower Life Expectancy in 2021
However, the separate actuarial tables used for retirement planning and services may not follow the trend.
SEC Considers Making Swing Pricing Mandatory for Open-Ended Mutual Funds
If adopted, the new rule would require most open ended funds to keep at least 10% of their assets in...
Higher Education Sponsors Say DC Plan Benefits Help Address Staffing Pinch
New survey finds that a defined contribution plan is the most important benefit for attracting talent to institutions of higher...
Knot of Financial Challenges Derails Saving for Retirement
Goldman Sachs Asset Management finds a ‘financial vortex’ of challenges in competing financial priorities is preventing participants from saving sufficiently...