Compliance | July 26th, 2023 Mitsubishi Chemical Group Sued by Former Worker The manufacturer was targeted for alleged fiduciary breaches in the management, operation and administration of the plan, according to the...
Administration | July 25th, 2023 AI Tapped to Mine Form 5500s, Leverage Chatbots for Retirement Newfront, a tech-focused advisory firm, recently brought its AI-driven benefit solutions to Congress and will be using AI capabilities to...
Compliance | July 24th, 2023 Trustee GreatBanc Trust, Company Executives Sued for Disputed ESOP Sale, Valuation Former employees are suing GreatBanc Trust Co. and executives from Buckeye Corrugated Inc., a national packaging and display products manufacturer,...
Benefits | July 24th, 2023 Employer-Sponsored Retirement Plans Continue to Be Valued by US Workers American workers are more likely to remain with their current employer if offered an employer-sponsored retirement savings plan and at...
Administration | July 21st, 2023 TECO Energy DB Plan Sued by Pension Beneficiary for Shortfall The complaint alleges the Florida-based energy company and its pension plan failed to disclose material information in the summary plan...
Deals and People | July 21st, 2023 Retirement Industry People Moves CalPERS names Teykaerts executive director; SageView hires Sarah Parker as plan consultant; SWBC Retirement brings on new investment adviser; and...
Administration | July 20th, 2023 Hawaii Seeks Executive Director to Establish State Retirement Savings Program The state’s private sector retirement plan, slated to take effect in July 2024, hopes to say aloha to its first...
Administration | July 19th, 2023 Indiana Erector Set Manufacturer’s Former Chairman Sued by ESOP Participants The plaintiffs allege fiduciary breaches occurred in a leveraged buyout after the company founder’s death.
Administration | July 18th, 2023 Principal, T. Rowe Price Extend Retirement Planning, Product Solution Distribution Divisions The investment managers and recordkeepers are expanding their focus with outside hires and promotions.
Deals and People | July 18th, 2023 Fiducient Advisors Names Bailey to CEO Role Fiducient names Sabrina Bailey as CEO successor to co-founder Bob DiMeo.
Administration | July 17th, 2023 DOL Seeks Independent Fiduciary for 401(k) Plan of Closed NY Construction Company When L D Wenger Construction Co. Inc. ceased operations, its 401(k) plan was deserted by the fiduciary, barring retirement plan...
Compliance | July 13th, 2023 403(b) Suit Against Wake Forest Health Center Settled for $3.8M Settlement comes about two years after initial complaint of fiduciary negligence and excessive fees.
Benefits | July 11th, 2023 Complaint Targets Waters Corp. 401(k) Plan, Board, Benefits Panel The suit, filed in Massachusetts federal court, alleges retirement plan fiduciaries caused participants to pay excessive fees to plan recordkeeper...
Benefits | July 10th, 2023 DOL Targets New Jersey 401(k) Plan for Concrete Companies Concrete producer Di Ferraro Inc. failed to remit employee withholdings and loan repayments to the plan over six years, the...
Deals and People | July 7th, 2023 Retirement Industry People Moves Segal appoints Tauzer to senior VP; Cerulli promotes O’Brien to director; Newton announces Brain as deputy CIO.
Administration | July 5th, 2023 Salas O’Brien Plans to Address Pay, Workplace and Retirement Benefits Salas O’Brien has plotted changes to compensation and workplace benefits, with Lucas Hellmer as the new director of benefits and...
Benefits | July 5th, 2023 DOL Provides Cybersecurity Tips For Plan Sponsors, Participants Workers should log-in to their recordkeeper’s website periodically to check online retirement accounts, the Department of Labor's Lisa Gomez advises.
Deals and People | June 30th, 2023 Retirement Industry People Moves T. Rowe Price names new head of global distribution; Bank of America announces Korkow president of Omaha; Northern Trust appoints...
Investing | June 29th, 2023 Fidelity to Convert More Than $13B of Mutual Funds to ETFs The Fidelity small cap enhanced index fund was included in nearly 100 defined contribution plans, according to Form 5500 filings....
Compliance | June 27th, 2023 PSNC 2023: Cybersecurity Best Practices for Plan Sponsors Experts note the importance of participant education and reviewing insurance held by vendors.