DOL Gets Final Judgment in Misuse of Pension Funds Cases
The latest court order culminates six years of investigations and three years of legal battle.
News
Auto Enrollment Boosts Participation for Workers 55 to 69
But because defaults are so low, their contributions are lower than those who voluntarily opt in.
Pentegra Unveils Retirement Savings Guidance Tool
Pentegra Participant SmartPath generates recommended retirement savings practices to boost outcomes.
Affluent Investors Very Optimistic About Their Finances
Nearly 90% who work with an adviser want them to serve as a partner.
Average HSA Balance Rose 37% in 2014 to $1,933, EBRI Says
Today, 17 million policyholders and dependents are covered in 13.8 million accounts.
Retirement Plan Analytics Tool Is Updated
Updates to Retirement PlanVision include Morningstar’s fund ratings data.
IRS Provides Summary of Form 5500 Changes
The Form 5500 filing deadline is July 31 for calendar year-end retirement plans.
Nearly Half of IRAs Hit Contribution Limit
Nearly half of those making contributions to a traditional individual retirement account in 2013 contributed up to the new legal limit.
Guidance Coming About State-Run Retirement Plans
President Obama has asked the DOL for guidance by the end of the year.
HSAs Woefully Underutilized, HelloWallet Finds
Participants in health savings accounts contributed a median of $700 a year.
ERISA Plans Not Safe from Government-Owed Restitution
A federal court has found a retirement plan participant’s plan balance can be garnished for money owed to the U.S. government.
361 Capital Expands Sales Team
Daniel Cascarano has been named vice president of national accounts and institutional sales at 361 Capital.
Measuring Plan Health Can Boost Retirement Readiness
MassMutual publishes book on improving plan outcomes.
Financial Engines Updates Social Security Tool
The Financial Engines Social Security planner will incorporate new data from the Social Security Administration.
DOL Clarifies Annuity Selection Safe Harbor Regulation
In a Field Assistance Bulletin, the DOL answers questions it has received about the fiduciary selection safe harbor regulation for DC plans.
IRS to Host Webinar About Fixing Plan Mistakes
The free event will cover how updates to the IRS correction program make fixing certain retirement plan failures easier.
Active Management Important to Investors
Professional U.S. investors say protecting capital in down markets is one of the most important considerations when selecting an active manager.
On Remand, ABB Wins Fund Change Case
In the long-running Tussey v. ABB lawsuit, a court found ABB breached its fiduciary duties, but a procedural error by plaintiffs handed ABB the win.
Financial Literacy Among CEOs and CFOs on LinkedIn
A paper studies just how financially literate LinkedIn users are, with the so-called Big Three literacy questions as their starting point.
SSA Makes Benefit Data Available for Advice Tool
Betterment will use newly available Social Security benefit data in its RetireGuide advice engine.