DOL Says Overvaluing Stock Led to ESOP Losses
The Department of Labor (DOL) filed a lawsuit against GreatBanc Trust Co. and Sierra Aluminum Co., alleging that stock overvaluations led to losses for Employee Stock Ownership Plan...
News
Aging Boomers Not Keeping Jobs From Younger People
An exhaustive search found no evidence to support the idea that aging Baby Boomers are crowding out younger workers from the work force.
Book Aims to Help Plan Sponsors With Retirement Education
A book was written to help plan sponsors educate workers about how to generate lifetime income in retirement.
Americans Uninformed About Retirement Savings Options
More than one-third (37%) of adults would like a professional to help them manage retirement accounts but do not think they have sufficient investments.
Pension Funding Gains Modestly in September
The aggregate deficit in pension plans sponsored by S&P 1500 companies decreased $38 billion during September, to $593 billion, according to figures from Mercer.
Great-West Unveils New Brand
Great-West Life & Annuity Insurance Co. and its business segment, Great-West Retirement Services, will now market under the Great-West Financial brand.
401(k) Participants Seek Retirement Readiness Help
Participants in 401(k) plans prefer more proactive steps to increase their retirement readiness rather than historical transactions on their account statements, a study found.
OneAmerica Unveils New Participant Education Program
The retirement services division of the OneAmerica companies has unveiled a new retirement education and engagement program for plan participants.
Taylor Rolls Out Managed Futures Strategy Fund
The Taylor Xplor Managed Futures Strategy Fund was unveiled by Taylor Alternative Mutual Funds, providers of alternative investment strategies.
Vanguard Changes Benchmarks for 22 Index Funds
Vanguard announced new benchmark indices for 22 of its index funds.
Wirehouses Could Cede 7% Market Share
Increasing distribution costs and adviser movement in the asset management industry are causing asset managers to look more closely for growth opportunities.
Schwab, Salentica Unveil Software Integration
Schwab Intelligent Technologies and Salentica Inc. have integrated Salentica Advisor Desk with Schwab OpenView Gateway after a successful pilot program this summer.
NAPA, ASPPA Launch Web Portal for Advisers
The NAPA-net.org portal of the National Association of Plan Advisors (NAPA) and The American Society of Pension Professionals &...
Families of All Types Have Retirement Savings Concerns
Retirement security remains a concern for many Americans, particularly in terms of maintaining a “reasonable” standard of living for the rest of their lives.
Plan Trustees Sentenced for Embezzling From 401(k)
Trustees of the Irotas Manufacturing Co. Inc. 401(k) plan have been sentenced for embezzling $487,000 from the plan, and have been ordered to pay restitution.