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The Potential Impact of 401(k) Loan Default Protection
Research from the Employee Benefit Research Institute shows 401(k) plan loan defaults that occur as a result of job changes or terminations are a significant, but addressable, source...
Wells Fargo Agrees to Pay $32.5 Million to Settle ERISA Suit
The lawsuit accused Wells Fargo of using its 401(k) plan to seed new proprietary funds, among other things.
401(k) Trading High in the First Quarter
The first quarter was busy for investors despite March’s market rally.
Crypto Investing and Financial Literacy Across Generations
While most people in each generation still expect to rely on traditional income sources such as 401(k)s and Social Security in retirement, cryptocurrency has also made it onto...
Study Finds Advantages to Virtual Retirement and Financial Wellness Education
An increase in participant engagement and confidentiality are reasons to continue virtual meetings when employees are back in the office.
Taking Stock of the SEC’s Ambitious Climate Agenda
Now that the financial services industry has had some time to digest the 500-plus pages of proposed rulemaking text, compliance experts are offering insight about exactly what the...
Revenue Sharing Considerations: Fees and Fiduciary
Advisers must monitor the plan and perform benchmarking to assess reasonableness of fees.
Capital Group and Morningstar Partner on New Target-Date Fund Service
Powered by Morningstar Investment Management, the personalized service is available through recordkeepers that currently have Morningstar’s Retirement Manager available on their platform.
Court Finds Employer Has No Standing to Sue Over Multiple Employer Plan Fees
The employer claimed it had standing because the actions of ADP and others put it under threat of being sued over allegedly excessive fees and poor investments.
Attorney Calls Proposed Changes to RMDs From 403(b)s ‘A Big Deal’
Proposed required minimum distribution changes would require a participant to take calculated amounts from each 403(b) contract he has.
Inflation Worries Continue Into the Second Quarter
Managers say the markets will continue to grapple with the trade-offs between inflation and growth for the foreseeable future.
Recordkeeper for Non-ERISA Plans Added to Adviser-Focused Provider Website
Technology provider Benetic brings retirement plan service providers together on one platform to help advisers select the best solution for clients.
Retirement Industry People Moves
Voya hires national third-party administrator relationship manager; OneAmerica promotes sales, business veteran to key regional leadership spot; Goldman Sachs to acquire NextCapital Group; and more.
PNC ERISA Lawsuit Partly Clears Dismissal Motions
While the case has previously been dismissed, the plaintiffs have had better success with their amended complaint, such that key parts of the lawsuit can now advance to...
Investment Product and Service Launches
Annexus Retirement Solutions launches target-date funds designed to deliver retirement income; AIG announces strategic partnerships with BlackRock; and Columbia Threadneedle Investments launches a semiconductor and technology ETF.
Ruling Permits Key Parts of Pentegra ERISA Suit to Proceed
While some aspects of the plaintiffs’ complaint have been dismissed, the core allegations in the complaint can now proceed to discovery and potentially to trial.
New OneDigital Adviser on Succession, Growth and More
For one advisory shop, the start of discussions about succession planning quickly led to deeper questions and, eventually, a major step forward for the firm and its staff.
Judge Refuses to Dismiss Lawsuit Against DST Systems and Investment Manager
The lawsuit alleges 401(k) plan fiduciaries and a former investment manager breached their fiduciary duties by allowing a large portion of plan assets to be invested in Valeant...
eMoney Offers White-Labeling for Financial Wellness App, Incentive
The company says its new approach allows advisory firms to keep their own branding and provides targeted digital tools that help clients achieve financial goals and develop better...
House Easily Passes the Securing a Strong Retirement Act
The landmark retirement legislation passed the House by a margin of 414 to 5, setting the stage for debate and passage by the Senate.