Verizon Retirees Hope Supreme Court Will Revive PRT Suit |
After seeing their pension risk transfer lawsuits dismissed in both district and circuit court, tens of thousands of former Verizon employees hope SCOTUS will have more sympathy.
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Participant Education Needed About Managed Accounts |
On Fidelity’s recordkeeping platform, about 40% of plan sponsors now offer managed accounts to participants, and there is strong growth in the number of employees utilizing these services, the firm says.
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The Market Did a Number on DB Plans in January |
Investors saw a market in January that was more volatile than in recent times, and according to analysts, this was a significant detriment to defined benefit pension plans.
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TDFs Post First Annual Loss Since 2008 |
Positive fourth-quarter performance was not enough to pull target-date funds out of negative territory, according to Callan Target Date Index.
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