The plaintiffs in the case believe California should not be permitted to operate the CalSavers Retirement Savings Program on the grounds that its establishment violates federal ERISA pre-emption rules—claims rejected by both a district and an appellate court.
Given a third shot, a judge found the parties finally got the settlement terms right.
A court found a separation agreement signed by the plaintiff when his employment with the company terminated precludes the lawsuit.
INSIDE THE MAGAZINE PLANADVISER September/October 2021
Industry professionals who work with lawmakers in Washington say they remain hopeful that retirement security issues will be addressed in the federal government’s budget for fiscal year 2022.
Having an HSA going into retirement is ‘incredibly powerful,’ experts say, because money is being saved and spent as efficiently as possible.
Advisers are increasingly focused on Social Security marketing, technology that can deliver investment personalization, and cybersecurity.
Some capital markets experts say the ‘transitory message’ on inflation from the U.S. Federal Reserve is beginning to overstay its welcome.
Morningstar says there are several factors besides lower income that could contribute to the lower savings relative to other demographic groups.
Arguments in the new case closely resemble previous lawsuits filed against other firms citing the ERISA fiduciary duties of prudence and of monitoring fiduciaries.
Fidelity reports it has seen unprecedented growth in women opening new retail investing accounts, plus a record-high average of 9.2% contributions to DC retirement plans.
A judge determined the firm didn’t breach its ERISA fiduciary duties when it encouraged Lowe’s to move more than a billion dollars in plan assets to one of Aon’s own investment funds.
The objective of the new pooled employer plan will be to create as close to a complete environmental, social and governance investment lineup as possible.