Investment Product and Service Launches
Tickeron develops AI analysis for 401(k)s, IPX adds extra annuity products for distribution, and Vanguard closes Treasury Money Market Fund.
News
Retirement Plan Contributions Allowed Under Paycheck Protection Program
While the text of the CARES Act generated some uncertainty, the Treasury Department has confirmed that the PPP offers help with employer contributions to retirement plans and toward...
PRT Provider Fined for Unlawful Transactions in New York
Athene will pay a $45 million penalty to New York state for New York insurance law violations related to its pension risk transfer business.
FinFit Now Available to Customers of Oasis
The financial wellness platform includes a comprehensive suite of essential tools and resources to help improve people’s financial health and well-being.
Hard Lessons About Liquidity Buckets and Cash
The middle of a severe bout of market volatility is not the right time to build a bucket strategy or...
Second Excessive Fee Suit Targets Cerner Corp.
The first lawsuit filed against the firm could be forced into arbitration—an outcome this new class action complaint seeks to avoid.
Settlement Announced in Princeton University Retirement Plans Lawsuit
Plan fiduciaries were accused of causing the plans to pay unreasonable and excessive fees for recordkeeping and investments.
Grit, Humility, Resolve Drive Investing Success in Tough Times
The equity markets dropped by nearly 50% during the Great Recession of 2008 and 2009, but retirement plan account balances of those who stayed the course recovered their...
DB Plans Get Relief for Certain Premium Payments and Filings
Due dates for filings or actions that would otherwise have been due on or after April 1, and before July 15, have been extended to July 15.
A Time of Crisis. A Time to Solve Our Big Problems?
With passage of the CARES Act, Congress has demonstrated an ability to speedily enact ambitious bipartisan legislation that addresses the...
Two West Advisors Announces Virtual Participant Consultations
Consultations with retirement plan participants it serves will address retirement plan account questions as well as broader personal financial issues.
Pentegra Is Latest Provider to Waive Coronavirus Amendment Fees
The firm also says it has designed a process that will make adopting hardship and loan relief provisions as seamless as possible.
Alight Solutions, Abbott Lab Sued for Cyber Breach
The defendants allegedly failed to enforce an online security question routine, in turn allowing an unknown individual to steal hundreds of thousands of dollars from an Abbott Labs...
Envestnet Offering its Financial Planning Tool for Free
With MyBlocks, investors work with an adviser.
MassMutual Removes Fees on Hardship Distributions and Loans
COVID-19-related distributions will be capped at $100,000 with no mandatory tax withholding requirements and the ability to repay them.
Retirement Industry People Moves
Mercer adds health and benefits consultant in California office, and Ascensus names retirement plan VP for western division.
Investment Product and Service Launches
BNY Mellon expands investment lineup with ETFs, and American Century launches actively managed ETFs.
OneAmerica Waives Hardship Fees
The recordkeeper is making the move in response to the CARES Act.
Securian Waives COVID-19 and Hardship Withdrawal Fees
The firm is also offering free fiduciary and wellness services to employers.
Bear Markets and DC Plan Drawdown Strategies
One silver lining in the economic fallout of the coronavirus pandemic in the United States is the opportunity to re-educate people about risk and the role of guarantees.