Insurer the Target of ERISA Lawsuit
An ERISA lawsuit against Mutual of America has alleged that 401(k) plan fiduciaries breached their duties to participants.
News
ERISA Lawsuit Against Associated Bank Dismissed
A Wisconsin District Court judge was unconvinced by arguments made by the plaintiffs that plan fiduciaries breached their duty to...
Cybersecurity Experts Warn of Increased Fraud Risk to Retirement Plans
Cybercriminals are becoming more sophisticated and patient in their approach due to the massive payouts fraudsters can manage to steal...
Sound Income Group Launches 3-Business Company Focused on Wealth Management
Each of the three firms address a specific area for financial professionals who are, or seek to become, income specialists.
Retirement Clearinghouse Partners with Fidelity, Vanguard and Alight on Auto-Portability
The Portability Services Network seeks to make it easier for participants to transfer retirement assets when they change plans.
Millennials May Be Headed Towards a Rocky Retirement, Research Shows
The Pension Research Council at Wharton Business School published findings that suggest millennials will likely have lower relative retirement savings...
Best Practices for Providers to Boost HSA Invested Assets
While health savings account assets have reached near $100 billion, account holders’ invested assets have increased slowly.
Deciphering Medicare Costs in Retirement
New research examines differences in spending between the two most popular Medicare plans.
Apex Group Expands Global Compliance Solutions to the U.S.
The expansion seeks to help address concerns about ESG, anti-money laundering and financial crime.
New Bill Seeks to Encourage 401(k) Investment in Alternative Assets
The Retirement Savings Modernization Act aims to clarify ERISA to incentivize retirement investment in assets such as real estate, private...
Settlement Reached with Couple that Lost Millions in Profit-Sharing Plan
The pair will pay more than $2 million to settle claims they invested assets in companies in which they had...
Participant Data is Key to Developing Better Financial Wellness Programs
Participants are comfortable with providing a variety of personal data points to their financial advisers, in the hopes that they...
Class Settlement Approved for AAA Carolinas ERISA Lawsuit
The lawsuit alleged fiduciary breaches to retirement plan participants from high fees and underperforming investments.
Study Finds Best Stock Gains Are Made Overnight
Although difficult to navigate the after-hours markets, a Bespoke study finds equities' returns are superior after hours.
Opportunities Increase for Advisers to Engage With BIPOC Savers
BIPOC workers less frequently access financial advice in 2022, while engagements for white workers are steady.
Retirement Experts Identify Possible Fixes to the Retirement Savings Gap
Professionals invited by the IAA discuss obstacles to retirement savings, and what can—and has been—done about them.
Home Depot Victorious in ERISA Suit
The judge ruled that even though Home Depot may have followed an imprudent process for choosing investments, the plaintiffs were...
Interim Funding Bill Heads to President’s Desk
The House passes a continuing resolution to keep the government open and provide specific funding for aid to Ukraine and...
Retirement Industry People Moves
Katten names former SEC senior counsel as partner; OneDigital acquires KB Financial Companies; Marsh McLennan names president and CEO; and more.
Congressman Jim Himes Addresses Investment Adviser Association Forum
Congressman discusses pending retirement legislation, political polarization, sanctions policy.