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CITs Have Different Fiduciary Implications Than Mutual Funds
Speakers at a recent webinar discussed considerations for using collective investment trusts in defined contribution plans.
Report Offers Considerations for Using Retirement Plans to Help With Emergency Savings
Roth and after-tax accounts could be used to facilitate emergency savings, with certain considerations about the cost of accessing funds and the effect on nondiscrimination testing.
2021 Was Another Banner Year for Retirement Savers
Employer-sponsored retirement plans and individual retirement accounts reached almost $40 trillion in total assets by the end of last year, even as a recovering economy faced some key...
District Court Dismisses ERISA Lawsuit Against Principal
The litigation was originally focused on fiduciary breach allegations leveled against a hospital network—claims which have since been settled—but it also included separate accusations against Principal.
Notice of Proposed Rulemaking Updates MEP ‘One Bad Apple’ Rule
New regulations would apply to multiple employer plans that are either maintained by employers that have a ‘common interest’ or have a ‘pooled plan provider.’
Retirement Security Legislation In Focus on Capitol Hill
The house it set to vote on the ‘SECURE Act 2.0’ and hold a committee hearing focused on improving Americans’ retirement savings and investing opportunities.
Dartmouth-Hitchcock Network Faces ERISA Lawsuit
The complaint cites the Supreme Court’s recent ruling in Hughes v. Northwestern University while arguing the plaintiffs have sufficient standing to allege breaches by plan fiduciaries.
AME Church and Providers Sued Over Retirement Plan Losses
According to the lawsuit, the plan’s assets are being audited and disbursements to retirees have paused.
Investment and Recordkeeping Fees Questioned In ERISA Lawsuit Against DaVita Inc.
Plan participants claim they were charged excessive fees for a plan with over $1 billion in assets.
Senators Call for GAO Review of Spousal Protections in DC Plans
A bipartisan pair of U.S. senators are calling on the oversight agency to examine the need for stronger spousal protections in defined contribution retirement plans.
Retirement Industry People Moves
NFP acquires Achilles & Associates, expanding insurance and benefits capabilities, while The Standard hires new retirement plan consultant.
M&A Activity Continues to Play Central Role in 2022
Although the substantial market volatility seen in early 2022 has the potential to slow M&A activity, the fundamental drivers remain intact and will continue to drive future activity,...
Cetera Offers Retirement Income Option to Advisers
Cetera-affiliated retirement plan advisers can access the option for retirement income strategies.
Investment Product and Service Launches
BNY Mellon Investment Management launches responsible investment active ETF; Dimensional lists four new international equity ETFs; Nasdaq Fund Network welcomes BlackRock’s Target Allocation ETF models; and more.
ESG-Focused Target-Date Fund Series Debuted
The product simplifies sustainable-focused retirement plan portfolios through ESG target-date funds.
Order in Kimberly-Clark ERISA Suit Instructs Plaintiffs to Replead Case
While the order determines that outright dismissal at this stage is inappropriate, it also notes that the plaintiffs need to file an amended complaint in order for their...
2022 PLANADVISER Industry Leaders Awards
We are delighted to introduce our all-new 2022 PLANADVISER Industry Leaders Awards.
Jury Rules in Favor of SEC in Federal Employee Fraud Case
An Atlanta-area broker was accused by the regulator of fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan retirement account into higher-fee, variable...
Research Finds Positive Retirement Savings Behavior After Financial Wellness Webinars
401(k) plan participants of different age and contribution rate cohorts had differing responses to attending the webinars, an issue brief from the Employee Benefit Research Institute says.