Compliance June 25th, 2025 Former CFA Institute CMO Accused of Embezzling $6M An indictment alleges that Michael Collins stole funds from multiple employers by invoicing them for nonexistent services from companies he...
Data & Research June 24th, 2025 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%...
Data & Research June 24th, 2025 Large Plan Sponsors Highly Satisfied With Advisory Services Nearly all plan sponsors surveyed by Callan offer some form of investment guidance to participants.
Compliance June 24th, 2025 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...
Compliance June 24th, 2025 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...
Compliance June 23rd, 2025 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.
Deals & People June 23rd, 2025 Brian Funk Named President of MetLife Investment Management The firm’s global head of private capital has been serving as interim president since May.
Compliance June 23rd, 2025 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...
Deals & People June 20th, 2025 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...
The Markets June 20th, 2025 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...
Data & Research June 20th, 2025 Workers Don’t Expect to Succeed in Saving for Retirement A new Transamerica report considers generational differences in retirement expectations.
Compliance June 20th, 2025 Senate Advances GENIUS Act to Regulate Stablecoins The measure, which introduces new compliance standards for issuers of stablecoins, passed with bipartisan support.
Compliance June 20th, 2025 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...
Products & Services June 18th, 2025 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.
Compliance June 18th, 2025 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.
Compliance June 18th, 2025 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...
Compliance June 18th, 2025 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...
Compliance June 17th, 2025 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...
Data & Research June 17th, 2025 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.
Compliance June 17th, 2025 UnitedHealth $69M Settlement Finalized The complaint was originally filed in 2021 and spent three years in litigation before the settlement was reached at the...