Witnesses testifying before a Senate panel on capital formation urged lawmakers to pass legislation allowing 403(b) plans to invest in collective investment trusts (CITs). They also expressed support ...
The IRS has announced that it will soon issue opinion letters for certain DC qualified pre-approved plans; it also has provided deadlines related to Cycle 4 DC qualified pre-approved plans and ...
A suit alleging a breach of fiduciary duty in retaining an allegedly underperforming target-date fund series has been dismissed for lack of a meaningful benchmark comparison.
The Social Security Administration (SSA) recently warned of “fake call transfers,” a scam in which someone impersonating a retailer or government agency falsely claims to transfer the call to SSA.
According to a recent report from Vanguard, the most cost-effective way for employers to encourage total retirement savings is to pair a non-elective contribution with a stretched match.
A new 401(k) suit alleges employment discrimination for refusing to offer investment options that don’t invest in fossil fuels.
Though the plan document appeared to require arbitration in pursuing recovery in a fiduciary breach suit, a federal appellate court has affirmed the decision of the district court in rebuffing that ...
Congress created a meaningful incentive, and the Administration wants workers to use it. Now Treasury and the retirement industry must build the bridge to make it work.
Every few years, somebody declares that Social Security is a Ponzi scheme. Indeed, I’ve been known to draw that inelegant comparison myself.
MissionSquare recently announced the activation of Income America 5forLife, its retirement income solution designed to help plan participants convert a portion of their retirement savings into ...
The Labor Department has weighed in on a fifth forfeiture reallocation suit, asserting that “To cultivate an ERISA landscape with the fertile soil that sustains both employer and worker, the weeds ...
The nomination of Keith Sonderling to serve as Secretary of Labor has taken a crucial step forward in the U.S. Senate.