Plan Sponsors, Providers and Participants Speak of Different Perceptions, Priorities
Research reveals that less than half of sponsors believe that employees are solely responsible for their own retirement savings and...
Tag: Recordkeeping
Businessolver and Transamerica Reveal One Wallet Initiative
According to the firms, the “one wallet” approach provides employees with a holistic view of their overall wealth and health...
Unbundled Plans Gained Significant Ground in 2017
Today, just 8.8% of “mega plans” with assets greater than $1 billion utilize a fully bundled structure.
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Financial Soundings Solution Supports In-Plan Retirement
The firm’s retiree program is designed to provide plan participants the essential guidance needed to manage assets through retirement from...
Union Fund Hit With Excessive Fee Suit
Similar to many excessive fee lawsuits filed against single-employer plans, the complaint accuses a multiemployer plan of failing to leverage...
NYU Participants File Second Excessive Fee Complaint
In the new complaint, participants attempt to offer more evidence for claims that were dismissed in another pending lawsuit.
Retirement Industry People Moves
Segal Hires Former Consultant on Employee Benefit and Health Care Strategies; Janney Montgomery Scott Adds New Workers to Equity Research...
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Vanguard Revamps Online Experience to Boost Retirement Readiness
One of the first indicators investors will see on their new home page is a personalized recommendation for improving retirement...
Participant Says ‘Large Plan’ Failed to Negotiate Better Fees
An excessive fee lawsuit has been filed against fiduciaries of the Novitex Enterprise Solutions Retirement Savings Plan, a 401(k) plan...
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Fee Checker Tool Gauges Plan Costs’ Impact on Savings
The tool leverages a 401(k) database to hone in on the often complex fee structure associated with retirement plans.
Who’s Working for You?: American Benefits Council
In a series of articles, PLANSPONSOR is profiling industry groups that work for retirement and health plan sponsors to protect...
Case Against University of Pennsylvania 403(b) Plan Dismissed
A federal court judge basically found many of the allegations stated normal business practices and the plaintiff did not offer...
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Voya Extends Framework Retirement Program to Tax-Exempt Market
The mutual-fund based program also offers an in-plan retirement income option and access to 3(38) fiduciary services.
Voya Sued for Charging Excessive Fees to Small Retirement Plan
A lawsuit alleges that asset-based fees led to the plan paying $1,819 per participant for recordkeeping services in 2015.
BB&T Self-Dealing Suit Gets Class Certification
A court certified a class in the consolidated lawsuit after first rejecting BB&T’s arguments that the class did not meet...
Providers Step Up Their Game With QDIA Offerings
The Department of Labor recommends the incorporation of workforce demographics into QDIA design; different providers have different philosophies about the...
Court Moves Forward Few Claims in NYU 403(b) Plans Case
A federal court judge found most claims were not plausibly alleged by the plaintiffs.
Employers Eyeing Total Well Being Programs
In order to attract and retain top talent, employers are integrating benefits programs to address key issues.
Vanguard to Outsource Some 403(b) Recordkeeping to Newport Group
Vanguard says the partnership will offer enhanced services and features to 403(b) plan participants and sponsors.