$1.6M Settlement Reached in Jack Henry & Associates ERISA Class Action
The complaint alleged the technology provider charged excessive fees and mismanaged an investment fund.
News
Transamerica Hires Jason Frain to Lead Retirement Solutions
Frain is leading product strategy and development across Transamerica’s retirement solutions.
Almost Half of DC Plan Participants Would Invest in Private Assets
A majority of respondents to Schroders’ 2025 U.S. Retirement Survey said that private assets could enhance portfolio diversification.
2025 Top Retirement Plan Adviser: Renn Williams
Thoughts from Renn Williams, with Advo(k)ate Advisors.
2025 Top Retirement Plan Adviser: Michael Beczkowski
Thoughts from Michael Beczkowski, with Bolton Investment.
Aon PEP Tops $5B in Assets, 100K Participants
PEP participation is growing as the pooled plans offer an option to the complexity and scale of managing a standalone...
ERISA Class Action Against Novo Nordisk Partially Dismissed
Although claims about misuse of plan forfeitures were dismissed, allegations alleging fiduciary breaches by the Novo Nordisk retirement committee related...
Margaret Ryan to Join SEC as Director of Enforcement Division
She is currently a senior judge of the U.S. Armed Forces Court of Appeals; she will join the SEC September...
Retirement Industry Deals and People Moves – 8/22/2025
Cetera welcomes Michael Zawatsky and team from Oasis Asset Management Group; TaxStatus makes 3 board appointments; MetLife IM names Geert...
Product & Service Launches 8/21/25
Neuberger Berman launches first interval fund offering private credit access; Vanguard and Wellington file for three active ETFs; Manulife John...
Plaintiffs Appeal 401(k) Forfeiture Case Against Honeywell
A day after a federal district court dismissed a 401(k)-plan forfeiture complaint suit against plan sponsor Honeywell International, plaintiffs appealed...
Treasury Department, IRS Asked to Push Back Secure 2.0 Plan for Roth Catch-Ups
A provision of the SECURE 2.0 Act of 2022 that affects government plans has been delayed from taking effect since...
Cresset to Partner with Monticello Associates
The firms’ partnership will oversee nearly $200 billion in assets and provide access to fund managers in the public and...
Most Common Financial Regret? Putting Off Retirement Savings
More than one-third of Baby Boomer and Generation X respondents said their biggest financial regret was waiting too long to...
2nd Circuit Reopens Prohibited Transaction Claim Against Northeast Grocery
The appellate court reversed part of a district court’s dismissal, allowing part of the complaint to proceed in light of...
Corporate Pension Funding Increases in July
The funded status of the 100 largest corporate defined benefit pension plans rose by $4 billion in July, according to...
Can ICHRAs Fill Small Businesses’ Health Coverage Gaps?
A recent survey found nearly 90% of small to mid-sized employers shared concerns over whether they could provide group health...
Social Security Administration Cuts Shutter Two More Retirement Research Centers
Following February executive orders, research centers at the University of Michigan and Baruch College have scaled back operations.
Half of Retirees ‘Terrified’ of Tariffs Draining Savings, per Nationwide
Nearly two-thirds of retirees surveyed said Social Security payments could never keep pace with inflation stemming from tariffs, according to...
Labcorp Wins ERISA Bench Trial, NextEra to Face Class Action
Two federal courts reached different decisions in separate complaints that accused large employers of mismanaging employee retirement plans.