Data and Research | February 6th, 2023 Retirement Account Balances Dipped 20% in 2022, Trading Lowest in 20 Years Despite economic challenges, plan participants were resilient saving for retirement, Vanguard Group data shows.
Benefits | January 25th, 2023 Delta Pilots Emergency Savings Program The airline has partnered with Fidelity Investments to run a program in which enrolled workers can earn up to $1,000...
Compliance | January 24th, 2023 TIAA Class Action Reversal May Impose Significant Procedural Hurdle for Future Cases The 2nd Circuit Court of Appeals’ reversal of class certification will likely make it more difficult for ERISA class action...
Data and Research | January 20th, 2023 Research Shows Workers’ Poor Grasp of Target-Date Funds Plan sponsors may need to bolster participant education for how target-date funds work, according to data from MFS.
Deals and People | January 20th, 2023 Retirement Industry People Moves Megan Schneider named CEO of Retirement & Benefit Partners; T. Rowe adds new role to lead growing separately managed accounts...
Data and Research | January 12th, 2023 State Street Report Gives Glimpse into Workers’ Thoughts On Annuities Almost half of respondents agreed annuities can offer safety and stability.
Compliance | January 11th, 2023 International Clinical Laboratory Company Faces 401(k) Lawsuit Quest Diagnostics’ 401(k) profit sharing is the target of a new retirement plan lawsuit alleging excessive fees for investments.
Administration | January 10th, 2023 USI Offers Employers Strategies for Addressing Impact of Rising Health-Care Costs The USI Insurance Services 2023 Employee Benefits Market Outlook Report outlined employer strategies to reduce the impact of rising health-care...
Deals and People | January 10th, 2023 MassMutual Promotes New CIO for General Investment Account Eric Partlan, MassMutual’s head of portfolio management, will replace retiring CIO Tim Corbett.
Compliance | January 9th, 2023 National Bank Parent Company Hit with ERISA Complaint Plaintiffs have alleged excessive fees for recordkeeping and administrative services and for an available managed account in a retirement plan...
Compliance | January 6th, 2023 Professional Athlete Sports Agency Is Accused of Retirement Asset Theft The Department of Labor alleges that a Houston sports agency used retirement assets to operate the company.
Compliance | January 5th, 2023 ESOP Plan Faces Retirement Records Lawsuit When a former worker at medical technology company BD sought distribution of his vested and accrued retirement assets, the firm...
Data and Research | January 4th, 2023 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.
Compliance | December 30th, 2022 Fiduciary 401(k) Breach Claims Against Milliman Will Proceed A federal judge ruled against a Milliman Inc. motion to dismiss fiduciary breach allegations that it failed to prudently choose...
Data and Research | December 23rd, 2022 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.
Compliance | December 22nd, 2022 Xerox Reaches $4.1 Million Preliminary Settlement in Excessive Fee Lawsuit The settlement in principle is pending court approval.
Benefits | December 16th, 2022 2022 Plan Progress Webinar Series: Student Loan Debt Benefits A panel of experts in workplace benefits outlined student loan debt assistance benefit options available to employers, in the current...
Deals and People | December 14th, 2022 The Standard Hires VP for Retirement Plans Business Insurance industry veteran Jessica Krpan was hired to the new role to grow the Standard’s retirement offerings in the U.S.
Data and Research | December 12th, 2022 Morningstar Advises 3.8% “Safe” Withdrawal Rate, Balanced Portfolio Morningstar increased its recommended withdrawal rate for retirees from last year and continues to see best outcomes for participants in...
Products | December 9th, 2022 New Plan-Design Summary Tool For Retirement Plan Sponsors, Service Providers The tool was launched to streamline retirement plan onboarding and to save users time in the process.