Order in Kimberly-Clark ERISA Suit Instructs Plaintiffs to Replead Case
While the order determines that outright dismissal at this stage is inappropriate, it also notes that the plaintiffs need to...
News
Jury Rules in Favor of SEC in Federal Employee Fraud Case
An Atlanta-area broker was accused by the regulator of fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan retirement account into higher-fee, variable...
Research Finds Positive Retirement Savings Behavior After Financial Wellness Webinars
401(k) plan participants of different age and contribution rate cohorts had differing responses to attending the webinars, an issue brief...
Court Allows Nationwide ERISA Suit to Proceed
The complaint says the defendants failed to negotiate contractual terms for the firm’s 401(k) plan’s guaranteed investment fund that were comparable...
Pensionmark CEO on World Insurance Acquisition Mechanics
According to Pensionmark CEO Troy Hammond, the advisory network’s acquisition by World Insurance Associates is structured to allow its advisers to maintain ownership of their business but also...
Workers Look Past the Pandemic to Retirement
Many Americans are concerned about the impact that inflation will have on their retirement savings, but despite the general unrest...
Retirement Plan Asset Flows Can Influence Plan Decisions
A confluence of events has a few plan sponsors seeing more assets distributed from their plans than put into them.
Molina Healthcare Sued Over TDF Offering, Fees
A lawsuit says the organization offered ‘untested’ target-date funds and that those funds and others were more expensive than other funds available to use in its 401(k) plan.
Lawsuit Accuses Raytheon of Violating Rehires’ Benefits Rights
A former employee claims he wasn’t told he could repay to the company’s retirement plan his previous distribution and that...
SEC Votes to Propose Climate-Related Disclosure Rules
Supporters of the new proposal say it represents a positive move that will not only increase the availability to investors of more consistent climate-related data, but also increase...
Short-Term Inflation Will Dramatically Increase Retirement Health Care Costs
The average 55-year-old couple can expect to pay an additional $160,712 for health care in retirement because of inflation, according...
Advisers Can Assist Participants With Spending Safely in Retirement
With a new retirement withdrawal projection from J.P. Morgan, advisers have a tool to help participants gradually spend down accumulated...
The Biggest Retirement Plan Leakage Triggers and Costs for Participants
The paper finds that about 25% of contributions by pre-retirement-age individuals leaked between 2003 and 2005, and that this increased...
Retirement Industry People Moves
SageView Advisory Group adds new head of wealth management; Transamerica names new president of individual solutions; Robeco appoints head of...
Education Level Impacts Americans’ Return to Work
According to the EBRI, workers with lower educational levels have seen more job losses that have continued through the pandemic,...
Advisers Can Access ‘Green’ 401(k) Option For Clients
The retirement plan solution for small and medium-sized plan sponsors is offered in partnership with Vestwell and Ubiquity Retirement + Savings.
Little-Known Risk Threatens Baby Boomers Golden Years
Though their solutions and strategies vary, advisers agree that sequence of returns risk can devastate a retirement portfolio.
Investment Product and Service Launches
New Nasdaq-100 index fund institutional share class launches, while Alerian S-Network expands partnership with IdealRatings and Sanctuary Wealth.
Advisers Can Integrate Clients’ Self-Directed Retirement Accounts
A partnership between a financial technology company and registered investment adviser can integrate clients’ retirement assets into their practice.
M&A Update: Pensionmark Acquired by World Insurance Associates
The acquisition will bring some $80 billion in assets from across the Pensionmark network to World Insurance Associates, a national full-service insurance brokerage firm.