Compliance January 16th, 2025 DOL Proposes Rule to Clarify ‘Adequate Consideration’ for ESOP Transactions The regulation aims to strengthen protections for employees in stock ownership plans
Products January 16th, 2025 Product & Service Launches – 1/16/25 BlackRock’s LifePath Paycheck reaches a milestone; HSA Store launches a mobile app; Green Leaf Launches 401(k) Solution; and more.
Compliance January 15th, 2025 Bechtel Managed Account QDIA Lawsuit Dismissed The complaint accused the engineering and construction firm of defaulting participants into a high-fee option that provided no benefits compared...
Products January 15th, 2025 Prudential, Dimensional Fund Advisors, FIDx Announce Product Partnership The collaboration will allow for protected lifetime income strategies to be added to managed accounts via the FIDx Insurance Overlay...
Deals & People January 15th, 2025 OneDigital Acquires Nonprofit HR Solutions, Fueling Expansion The acquisition is OneDigital’s first in the nonprofit sector.
Compliance January 15th, 2025 IRS Offers Assistance to Those Affected by California Wildfires The relief measures include extended deadlines for 2024 retirement contributions and penalty-free hardship withdrawals for those affected.
Compliance January 14th, 2025 SEC Fines 12 Firms $63M for Failing to Maintain Proper Electronic Records The SEC has charged nine investment advisers and three broker/dealers for violations of federal recordkeeping laws.
Products January 14th, 2025 John Hancock Retirement Announces Partnership With Vestwell Vestwell will power FutureStep by John Hancock, an open-architecture retirement plan offering.
In Practice January 14th, 2025 Transamerica Introduces New Logo The rebranding campaign is meant to highlight Transamerica’s commitment to middle-income Americans.
Deals & People January 13th, 2025 Advisory M&A News – 1/13/24 Mariner acquires Cardinal Investment Advisors; Northwestern Mutual and Sixth Street announce partnership; Mercer Advisors adds Edward Vance Investment Management; and...
Compliance January 10th, 2025 Court Rules American Airlines Breached Fiduciary Duty in ESG Case A federal district court in Texas found that American Airlines prioritized ESG investment goals ahead of employees’ financial interests, violating...
Deals & People January 10th, 2025 Retirement Industry People Moves – 1/9/25 Cervantes joins Prime Capital Financial; Corebridge Financial welcomes Klane as general counsel; Gallagher adds Helgens as retirement plan consultant.
Deals & People January 10th, 2025 Jay Kaduson Joins Voya Financial as CEO of Workplace Solutions Kaduson will report to Heather Lavallee, CEO of Voya Financial.
Data & Research January 10th, 2025 Retirement Plan Investors Remain Cautious in December Amid Market Volatility Trading activity stayed subdued last month, with only two above-normal trading days recorded.
Compliance January 8th, 2025 Groups Call On Supreme Court to Uphold Cornell University Decision to Stem Frivolous Lawsuits The Supreme Court will hear a case to resolve a split among circuit courts on whether a plaintiff must argue...
Deals & People January 8th, 2025 DCIIA Announces Executive Committee for 2025-2026 In other news, the Institutional Retirement Income Council named Kreps of Groom Law as chair of its board of directors.
Products January 7th, 2025 401(k) Connector Pontera Partners With Hightower Advisors The partnership will integrate Pontera’s client 401(k) oversight technology with Hightower’s advisory services.
Deals & People January 6th, 2025 Retirement Plan Advisors Announces Staff Promotions Rob Mangano, Tamme Ford, Alex Gault and Sarah McKinzie get elevated roles at the $7 billion plan advisory focused on...
Deals & People January 6th, 2025 Advisory M&A News – 1/4/25 Indivisible Partners launches as independent advisory firm; Voya Financial completes acquisition of OneAmerica Financial’s retirement plan business; Marsh McLennan Agency...
In Practice January 3rd, 2025 Nuts & Bolts: Requests for Proposal What new plan advisers need to know about RFPs from plan sponsors.