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The complaint alleges several breaches of fiduciary duty, including retaining poorly performing investments.

EBRI compared accumulated net worth, retirement plan and student loan incidence for Baby Boomers, Generation Xers and Millennials at the same ages. 

Vanguard to expand ESG lineup; TIAA offers lifetime income for corporate retirement market; and MSCI announces alliance with Menai Financial Group.

On average, just 0.01% of balances were traded daily in December, which is in line with the monthly average for the past year, according to Alight Solutions.

The new retirement plan governance platform targets challenges presented in some non-ERISA retirement plan types. 

The plan was projected to run out of money at some point this year, but the special financial assistance from PBGC should prevent this outcome.

CAPTRUST Financial Advisors has announced two additional acquisition deals that were completed last year.

Plan sponsors can take advantage of novel plan designs that share risk, including pooled employer plans, to broaden employer-sponsored benefits.

Early evidence suggests the mandate for employers that don’t offer a retirement plan to join CalSavers is driving adoption of new plans.

Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.

Retirement plan advisers and plan sponsors are ramping up support so participants will understand newly implemented projected lifetime income illustrations on their plan statements. 

In one of CAPTRUST’s largest acquisitions to date, the move to onboard Portfolio Evaluations brings more than $107 billion in assets and several hundred clients.

OneDigital acquires Gouldin & McCarthy; Kingswood U.S. adds seven financial advisers; Mercer Advisors acquires Cordasco Financial Network; and more.

Milliman has been accused of failing to remove poorly performing investments, subadvised by its affiliate, from its 401(k) plan.

A survey shows that, because of the COVID-19 pandemic, many women feel they are on the wrong track for retirement.

The Biden administration’s nomination of Lisa Gomez to lead the DOL’s Employee Benefits Security Administration took a key step forward Thursday.

A University of Virginia law school professor examines the impacts that policy changes, which intended to boost retirement savings, have had on average inflation-adjusted savings for low-income individuals.

DPL introduces new asset allocation option for RIAs; Vanguard expands target retirement lineup for youngest retirement investors; State Street Global Advisors enhances ESG portfolio construction; and more.