Deals and People | July 12th, 2024 Retirement Industry People Moves First Eagle Investments hires senior director of consultant relations; Vanguard Group head of Europe announces retirement; Manulife names head of...
Compliance | July 11th, 2024 Court Approves $1.5M Settlement in Amway ERISA Lawsuit A Michigan federal judge approved a preliminary agreement in Garcia et al. v. Alticor Inc. et al.
Participants | July 10th, 2024 IRS Notice Defines Retirement Plan Tax Distribution Exceptions The IRS has provided guidance on certain exceptions from the 10% tax penalty for emergency personal or family expenses and...
Compliance | July 10th, 2024 Employer Forfeited Funds Complaint Against HP Inc. 401(k) Plan Is Dismissed A federal judge ruled the suit’s ‘theory of liability’ was too broad and dismissed the complaint, which focused on the...
Compliance | July 9th, 2024 TDF Lawsuit Against Black & Decker Advances A Connecticut federal judge rejected the plan sponsor’s motion to dismiss, so the ERISA fiduciary breach case involving BlackRock TDFs...
Data and Research | July 8th, 2024 Plan Participants Expect to Work Past Age 65 For plan sponsors, retaining older workers will require greater attention to plan designs that support workers at older ages.
Participants | July 3rd, 2024 California Adds High School Financial Literacy Requirement Lawmakers have presented retirement industry professionals a golden opportunity to help teachers instruct students about financial literacy and retirement readiness.
Data and Research | June 25th, 2024 DC Plan Investors Allocating to Cash Because of ‘Fear’ Anxiety could keep investors from participating in equity market gains and growth, Schroders data shows.
Compliance | June 21st, 2024 Judge Denies American Airlines’ Bid for Summary Judgment in ESG Lawsuit The trial is confirmed to begin Monday, June 24, in Texas federal court.
Deals and People | June 21st, 2024 Retirement Industry People Moves Empower hires Boston broadcaster to new role and appoints head of retirement plans segment; alternatives asset manager hires Samantha DeZur;...
Compliance | June 14th, 2024 PSNC 2024: I Survived an Audit Hear about the experiences of plan sponsors that have been through IRS and DOL audits.
Compliance | June 12th, 2024 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.
Compliance | June 12th, 2024 Humana Inc. Defeats Class Action Claims of Excessive 401(k) Fees A federal judge in Kentucky ruled in favor of the Humana Retirement Savings Plan with a summary judgment and dismissed...
Deals and People | June 11th, 2024 Mercer Reaches Deal to Buy UK Retirement Plan Consultant Mercer parent Marsh McLennan acquires Cardano to expand retirement business across the Atlantic.
Compliance | June 10th, 2024 Judge Confirms Trial Date for American Airlines ESG Lawsuit A Texas federal judge has scheduled a trial date, following the entry by attorneys for each side of pretrial materials,...
Deals and People | June 7th, 2024 Retirement Industry People Moves Ameritas announces senior vice president of retirement plans; Aon appoints Reese as next CFO; Ascensus restructures sales team; and more.
Data and Research | June 3rd, 2024 MFS: Sponsors Expect to Reevaluate Investment Lineups The investment reviews will happen as plan sponsors are even less confident than are participants about employees’ ability to retire...
Deals and People | May 31st, 2024 Retirement Industry People Moves New York Life Group Benefit Solutions promotes two into expanded leadership roles; Ocorian taps Buick as CFO; Mao named nonresident...
Benefits | May 30th, 2024 EBSA Offers Retirement Planning Resources The Department of Labor’s Assistant Secretary Gomez offers tools and information for assisting with the transition to retirement from work...
Compliance | May 23rd, 2024 Texas Judge Certifies Class in Pilot’s Anti-ESG Case A class of participants was certified in a federal district court lawsuit against American Airlines’ Plan for Pilots.