Deals and People | May 15th, 2024 Vanguard Group Appoints New CEO Former head of BlackRock’s ETF division to take over CEO role at the Pennsylvania firm.
Benefits | April 12th, 2024 Paychex Seeks to Move ERISA Case Over Intercepted 401(k) Assets to Federal Court Paychex plans to fight a New York retirement lawsuit, alleging fiduciary breach in federal court rather than state court.
Deals and People | January 30th, 2024 Empower Names Former Fidelity Exec to New Enterprise Role Dave Gray has been named executive vice president of enterprise solutions to expand customer offerings.
Compliance | November 14th, 2023 Alight Solutions Seeks Summary Judgement in 401(k) Theft Case Alight claims Paula Disberry’s retirement lawsuit “arose out of the unfortunate theft,” of $750,000 in 401(k) assets, not fraud or...
Compliance | November 13th, 2023 Motion Seeks to Hold Alight Liable for Theft of 401(k) Assets Plaintiff Paula Disberry has requested the court order restoration of her $750,000 in lost assets.
Compliance | November 9th, 2023 Whole Foods 401(k) Plan Sued Plan participants working at Amazon subsidiary Whole Foods Market sued in Texas federal court.
Compliance | October 6th, 2023 Colgate-Palmolive Files Summary Judgment Motion for $750,00 Retirement Breach Lawsuit Attorneys for the Colgate-Palmolive Employee Relations Committee seek to end the plan sponsor’s involvement in a lawsuit alleging fraudsters stole...
Compliance | October 3rd, 2023 NAGDCA Publishes Fee Guide for Sponsors The guide covers the pros and cons of various fee and fee structures.
Benefits | September 22nd, 2023 Workers’ Retirement Savings Are Boosted By Access to Savings Tools BlackRock and Human Interest found that the lack of access to a retirement plan is a ‘crucial’ factor to preventing...
Deals and People | August 17th, 2023 Voya Financial Hires 2 to Grow Retirement Distribution Expanding its wealth solutions distribution business, Voya is seeking growth in new markets, including mid-market segments.
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.
Benefits | June 21st, 2023 Vanguard Lagged BlackRock, State Street on ESG Proposals Morningstar research examining a sample of shareholder proposals showed Vanguard opposed almost three-quarters of resolutions linked to environment, social and...
Deals and People | June 12th, 2023 Retirement Industry People Moves Mercer names Somers as investment director; new chief commercial officer at Alight Inc.; Voya selects leader for Midwest wealth solutions...
Compliance | June 7th, 2023 Financial Services Company CoreLogic Targeted in ERISA Suit The lawsuit seeks to recover retirement plan losses due to alleged mismanagement of CoreLogic’s 401(k) retirement plan.
Administration | June 5th, 2023 Use of RFPs Versus RFIs Contrast For Plan Sponsors Employers in disparate principal businesses approach RFPs versus RFIs differently, as plan sponsors perform searches for employee benefit providers
Products | November 24th, 2020 Nationwide New Business Fee Waiver Extended Through March The firm is also offering plan participants a 90-day trial period of its managed account solution.
Products | October 6th, 2020 Transamerica Debuts Student Loan Repayment Program It enables sponsors to shift their benefits dollars to the retirement plan or to an employee’s student loan servicer.
Deals and People | September 9th, 2020 MassMutual Points to Scale as Reason for Empower Deal The recordkeeper also notes that fee compression is largely driving the ongoing industry consolidation.
Products | August 14th, 2020 Northshire Selects 401GO for Chambers of Commerce Platform The partnership with the recordkeeper will focus on the firm’s National Chamber of Commerce Micro Market Solution.
Products | August 11th, 2020 Hancock to Waive Recordkeeping Fees for New Clients in Q121 John Hancock Retirement has announced that it will waive recordkeeping fees for the first quarter of 2021 for eligible plans...