News

McKinsey & Co. and an RIA it owned were accused of ERISA violations that included prohibited transactions.

More than half of Americans are earning half or less than half of their pre-pandemic income, and 31% have lost their entire income, a FlexJobs and Prudential survey...

The partnership will focus on the firm’s National Chamber of Commerce Micro Market Solution.

Industry executives also say that valuations for strong companies are holding steady, even as the pandemic raises broader economic challenges.

The model is informed by sustainability and industry frameworks, research and analysis to reduce noise, normalize data and address size bias and disclosure gaps.

Since an influential Supreme Court ruling known as Dudenhoeffer, plaintiffs have struggled to defeat dismissal motions in so-call stock-drop lawsuits, but a new panel ruling in the 4th...

Heading into the coronavirus pandemic, employers were innovating and expanding their ancillary benefits for employees.

Fidelity reports that the average 401(k) plan balance was up 14% between the start of April and the end of June.

The number of deals and client assets under management in June and July were the highest since Fidelity began tracking such data in 2016.

Principal Financial Group acquired Wells Fargo’s institutional retirement and trust businesses in July 2019 and aims to complete the integration...

For cash balance plans that were left unfrozen, small business employers may have been able to utilize a PPP loan to fund it. 

The lawsuit challenges fees for recordkeeping, target-date funds and stable value funds, as well as fees paid to service providers to the health care system's 403(b) plan.

A federal judge granted summary judgment to American Airlines in a suit challenging the use of the AA Credit Union Fund in its 401(k).

A law passed in 2014 allows stressed union pensions to reduce benefits in order to prevent insolvency, subject to approval...

The break will apply to 401(k) plans that sign up with the company between August 1 and December 31, 2020.

However, real estate investment trusts are still seen as a good investment diversifier for 401(k) participants.

The case is yet another example of Employee Retirement Income Security Act (ERISA) litigation to question the use of actively managed default investments.

CAPTRUST selects VP and institutional financial adviser; Insight Investment adds leaders to North American practice; NFP acquires multidisciplinary insurance broker;...