Department of Labor Secretary Nominee Gets Confirmation Hearing Date
While she has not been publicly outspoken about retirement policy, Chavez-DeRemer has been more active on the employer health plan...
News
Potential Implementation Delays Face Social Security Fairness Act
Under the SSA’s current budget, the agency expects it could take more than one year to adjust benefits and pay...
Advisers Planning to Increase Technology, AI Usage and Spend
According to advisers surveyed by Orion, disconnected technology is their primary technology-related pain point—for the second year in a row.
Empower Expands Benefits Services With Consumer Directed Health Care Offering
The CDH product suite is being offered through a partnership with Alegeus Technologies LLC.
Trader Joe’s 401(k) Plan Accused of Overinvesting in Balanced Fund
The $2.7 billion dollar plan also joins the more than 30 employers accused of mismanaging employee forfeiture funds.
Vanguard Announces Largest Fee Cut in Firm’s History
Of the funds with reduced fees, 48 include institutional or institutional plus share classes.
Trump Issues Executive Order to Create Sovereign Wealth Fund
The fund, which could require Congressional approval, is to be established by the Department of the Treasury and the Department...
Advisers Increasingly Considering Crypto in Financial Plans
Among advisers who recommend investing in cryptocurrencies, the most common allocation remains 2% of assets, according to a Digital Assets...
Study Finds Most Corporate Retirement Plans Have Regulatory or Fiduciary Violations
According to Abernathy Daley 401k Consultants, more than 600,000 American companies could be at risk of fines, legal penalties and...
Keeping Up With SECURE 2.0 Changes
Advisers discuss how they manage adoption of plan provisions with clients.
SECURE 2.0 Auto-Enrollment Requirement Takes Effect in 2025
Beginning this year, businesses with 10 or more employees must implement automatic enrollment and contribution escalation for new 401(k) and...
Saver’s Match Could Significantly Decrease Wealth Gaps, Morningstar Says
The Saver’s Match could significantly boost retirement savings, with promotion of the program by the government, plan sponsors, and the...
Retirement Industry People Moves – 1/31/25
John Hancock Retirement selects head of strategic partnerships; Merit Financial Advisers recruits from CAPTRUST; Ninety One appoints director of consultant...
FINRA Flags Shortcomings in Firms’ Anti-Money Laundering Efforts
The Financial Industry Regulatory Authority’s latest report offered advisers best practices for strengthening their compliance with security regulations.
Southwest Airlines Faces Lawsuit Over ‘Chronically Underperforming’ 401(k) Funds
Participants allege that the airline failed to remove a large-cap growth investment option after ‘15 years of underperformance.’
Product and Service Launches – 1/29/25
Pontera, Orion announce new integration; PEO Partners, AlphaQuest launch actively managed ETF; Sycamore introduces surveillance platform for broker/dealers.
Equitable Introduces 401(k) PEP
The 401(k) pooled employer plan is available through the Equitable Retirement Vision platform.
Johnson & Johnson Lawsuit Over Health Plan Partially Dismissed
A district court in New Jersey ruled that the plaintiff lacked standing for certain claims, but there is a chance...
AI-Enhanced Fraud: A Growing Threat to Retirement Plans
Criminals are using artificial intelligence to craft more convincing phishing attacks, leaving businesses and retirement plans vulnerable.