Automatic Plan Features Help Participant Savings Rates Stay Resilient in 2024, Says Vanguard
The average 401(k) deferral rate was 7.7% in 2024—an all-time high and nearly one percentage point higher than the 6.8%...
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Large Plan Sponsors Highly Satisfied With Advisory Services
Nearly all plan sponsors surveyed by Callan offer some form of investment guidance to participants.
The Math Behind Why the Senate Tax Bill Seems Cheaper Than House Version
Even though both bills share many provisions, the estimates from the congressional Joint Committee on Taxation are based on different...
401(k) Forfeiture Complaint Against Wells Fargo Dismissed
The District of Minnesota ruling, released June 18, closely resembled the dismissal of an ERISA complaint against J.P. Morgan on...
Democratic Senators Urge DOL to Reconsider Elimination of 401(k) Plan Crypto Guidance
In a letter, four Senators expressed concern that rescinding the 2022 guidance removes essential protections for American workers’ retirement savings.
Brian Funk Named President of MetLife Investment Management
The firm’s global head of private capital has been serving as interim president since May.
Employer Sues Blue Cross Blue Shield of Michigan for Alleged ERISA Violations
Wesco Inc. alleges BCBSM exploited self-funded health plans by charging fees to fix its own billing errors, in violation of...
Retirement Industry Deals and People Moves – 6/20/2025
CBIZ appoints Seth Goldblum to lead advisory services; Aidentified hires Dan Cavanaugh as head of wealth management; ADISA names new...
Asset Managers Predict Global Equities Will Be Best Short-Term Asset
Bank of America’s June Global Fund Manager Survey found that, over the next five years, a significant number of investors...
Workers Don’t Expect to Succeed in Saving for Retirement
A new Transamerica report considers generational differences in retirement expectations.
Senate Advances GENIUS Act to Regulate Stablecoins
The measure, which introduces new compliance standards for issuers of stablecoins, passed with bipartisan support.
Social Security Trust Fund Predicted to Fall Short One Year Sooner
Social Security's largest trust fund may be depleted in 2034, one year earlier than estimated in 2024, and what had...
Voya Collaborates With Savi for Student Loan Debt Offerings
The company said it will offer many Savi guidance features at no charge to employers or their employees.
J.P. Morgan 401(k) Funds Forfeiture Case Dismissed
A federal judge dismissed the case with prejudice, meaning a new case could not be filed in the district.
PBGC Inspector General Warns of Added $6B in Costs to SFA Program
A recent court ruling allowed previously excluded terminated and insolvent plans to resubmit applications for special financial assistance, enacted by...
Senate GOP Releases Tax Plan, With Some Key Changes From House Version
The bill calls for raising the U.S. debt limit by $5 trillion, up from the House version increase of $4...
Investors Concerned About the Big, Beautiful Bill’s Section 899
Experts say the provision, which would raise taxes on the U.S. income of foreign businesses and individuals, is likely to...
Gen Z, Millennials Redefining the Future of Work
A Deloitte survey explores what drives Generation Z and Millennial workers and what leaders must understand to build future-ready workplaces.
UnitedHealth $69M Settlement Finalized
The complaint was originally filed in 2021 and spent three years in litigation before the settlement was reached at the...
Participants Allege Fiduciary Breach at National Rural Electric Cooperative
Retirement plan participants' complaint alleges years of financial mismanagement and self-dealing in the administration of NRECA’s 401(k) Pension Plan.