Money Market Fund Assets Hit Record $7T
In light of continued market volatility, investors appeared to move money into what they see as more stable investments
News
Chavez-DeRemer Confirmed as Secretary of Labor
The full Senate vote came after President Donald Trump’s pick to head the Department of Labor was cleared by the...
TIAA Expands Annuity Availability to Its IRAs
New enrollees in a TIAA IRA can now select among TIAA's annuities, including the TIAA Traditional and CREF variable annuities.
Americans Plan to Increase Savings Amid Concerns About Affordability
Nearly seven in 10 mass affluent respondents (an income level at or above $90,000 annually) plan to increase their savings...
Fired Probationary Workers Reinstated at EBSA
The probationary employees and head of the Department of Labor’s Division of Employee Ownership, who were recently terminated, reportedly received...
Retirement Industry People Moves – 3/7/25
Voya revises workplace solutions leadership; Endeavor Retirement adds Christine Masoni; Sarah Mouser joins Verdence Capital Advisors and more.
The Standard Touts $2 Billion Milestone in PEP Assets
The company entered the PEP market in August 2023 after its acquisition of Securian Financial’s retirement plan recordkeeping business.
403(b) Plans Have Special Considerations When Complying with SECURE 2.0
Speakers during Wednesday’s PLANSPONSOR Roadmap Livestream session, “Special Considerations for 403(b) Plans,” discussed rules for long-term, part-time employees, the formation...
Product and Service Launches – 3/6/25
SEI launches an alternative investment product marketplace; Madison Investments launches CITs with SEI; and Zeplyn offers new workflow capabilities for...
Vanguard Credits Strong Plan Design and Markets for Improved Account Balances
With more defined contribution retirement plans offering automatic features and increasing default deferral rates, Vanguard found that participant outcomes remained...
PPL Corp. Agrees to Settle Participant Lawsuit Over TDFs for $8.2M
Workers at the energy company claimed that PPL included underperforming target-date investments from Northern Trust in four of its retirement...
OCIO Market Totals Nearly $4.8T, Says Chestnut Advisory
The largest OCIO provider is Mercer, with $548 billion in outsourced assets under management. Captrust is the fifth largest provider,...
Social Security Administration Announces Staff Downsizing Plans
The SSA recently set a staffing target of 50,000, down from its current level of approximately 57,000 employees, according to...
Many Plan Sponsors Don’t Feel Responsibility for Participant Retirement Goals
MFS found that plan sponsors earned a C+ grade for their confidence in their participants’ ability to retire at the...
Treasury Secretary Bessent Announces JR Gibbens as Sovereign Wealth Fund Adviser
Gibbens joins the Treasury from the Office of Strategic Capital, a unit of the Department of Defense that invests in...
Participant Data at Community Colleges, Public Schools Exposed in Breach at TPA
A third-party administrator of 403(b) and 457(b) plans experienced a cyber breach last month, exposing sensitive information of more than...
Private Equity on Comeback Trail for 2025, Says McKinsey
In 2024, private equity returns declined to 3.8%, the third consecutive year in which the public markets outperformed the asset...
What DOL Layoffs Could Portend for EBSA’s Future
Probationary employees and the head of the agency’s division of employee ownership were recently terminated amid President Donald Trump’s efforts...
A Dual Quest for Participant Assets
How can both recordkeepers and advisers work with participants, and what should those relationships look like?
What Recordkeepers Want From Advisers
The crux of a good partnership with an adviser is the willingness to work together, including an open dialogue about...