Compliance August 8th, 2024 Judge Dismisses 401(k) Excessive Fee Allegations Against Tyson Foods Judge rules for Tyson in employee lawsuit alleging the company overcharged participants for bundled recordkeeper fees and failing to solicit...
Deals & People August 8th, 2024 Prime Pensions Acquires Pennsylvania-Based TPA, Adds 350 Plans The addition comes after Prime Pensions received PE backing from Lightyear Capital earlier this year.
Deals & People August 7th, 2024 Alight CEO Plans to Step Down After Firm Appoints Successor Alight announced that Stephan Scholl will continue as CEO and director until a replacement is confirmed.
Compliance August 7th, 2024 Lawsuit Alleges TIAA, Morningstar, Pushed Participants Into Proprietary Annuities A proposed class action complaint filed by law firm Schlichter Bogard claims TIAA’s strategy steered participants to its own retirement...
Products & Services August 7th, 2024 Lincoln Adds to In-Plan Retirement Income Offerings A new guaranteed lifetime withdrawal benefit can be offered through a managed account and is part of a diversified fund.
Data & Research August 7th, 2024 M&A Activity Among RIAs Remains Strong in Q2 2024 is on track to top last year for dealmaking as firms address succession planning and need for scale.
Compliance August 7th, 2024 11th Circuit Appeals Court Rules With Home Depot on 401(k) Fee Suit The court agreed with the district court decision that workers' "damages claims fail."
Compliance August 6th, 2024 Senate Committee Passes Bill That Would Boost EBSA Funding The bill differs from a recent House Appropriations Committee proposed budget that would cut funding for the Employee Benefits Security...
Data & Research August 6th, 2024 401(k) Trading Hit Four-Year High on Monday A market dip to start the week saw more 401(k) trades toward safe assets than had been seen since the...
Client Service August 6th, 2024 Market Sell-Off Highlights Need for Ongoing Participant Education Advisers say a quiet client response to the market drop is a good example of how regular education helps participants...
Deals & People August 6th, 2024 NFP Hires Adviser Calvelli to Retirement Group Deana Calvelli will report to Joel Shapiro, head of retirement at Aon’s NFP.
Deals & People August 5th, 2024 Advisory M&A News – 8/5/24 Bluespring Wealth Partners acquires $1.35B Rodgers & Associates Wealth Advisers; Sentinel Advisory Group, with $300M in client assets, joins Commonwealth...
Client Service August 5th, 2024 Student Loan Repayment Startup Summer Acquires Vault Summer buys the student loan benefits firm that has worked with recordkeepers such as Voya and Schwab.
Client Service August 1st, 2024 Retirement Plan Tech Firm Turns to AI for Video ‘Hosts’ vWise goes live with AI avatars that can provide plan information and guidance to participants.
Client Service August 1st, 2024 Fidelity Reports 20% Growth in Assets to $14.1T The recordkeeping leader continues to build assets, highlighting its growth in overall customer engagement.
Deals & People August 1st, 2024 OneDigital Bolsters Wealth, Retirement Plan Advisement in Western US The aggregator pens its 18th acquisition in 2024 by bringing on $1.6 billion ASI Wealth Management.
Deals & People July 31st, 2024 Wealth Manager Carnegie Bolsters Qualified Retirement Plan Team Plan adviser Wendy Eldridge joins from Marcum Wealth to connect wealth and retirement plan practices.
Products & Services July 31st, 2024 Franklin Templeton, Pacific Life Join In-Plan Lifetime Income Push A new defined contribution managed account offers participants a chance to invest in a deferred fixed-income annuity.
Data & Research July 31st, 2024 Morningstar: 45% of Americans Will Run Short of Funds if Retiring at 65 A new retirement savings simulation tool by the financial services firm signals widespread retirement shortage.
Data & Research July 31st, 2024 Retiree Health Care Costs Continue Rising, Milliman Finds Health status, location and age at retirement all affect how much a retiree can expect to spend on health care...