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Fidelity Retirement Accounts Surge Back to Record Highs in Q2
Robust savings and a market rebound pushed balances higher, with ‘401(k) millionaires’ reaching a new peak.
AARP Attorneys Join ERISA Lawsuit Against TIAA
Attorneys from the AARP Foundation are co-counsel in a lawsuit that claims TIAA invested plan participants’ retirement funds in a proprietary in-house fund.
Crane Joins Lincoln Financial to Lead Retirement Plan Services
After seven years at Ascensus, Jason Crane will oversee all strategy and execution for Lincoln’s Retirement Plan Services business.
DOL Agenda Commits to Replacing ESG, Fiduciary Rules
The U.S. Department of Labor released 150 regulatory proposals, including reversals of Biden-era Environmental, Social and Governance rules and the Retirement Security Rule.
NQDC Plans Remain Valuable Part of Executive Compensation
More than two-thirds of surveyed benefits decisionmakers said they used nonqualified deferred compensation plans to retain executives, according to NFP.
Northern Trust Asset Management Picks Co-CIO for President
Michael Hunstad, co-CIO of Northern Trust Asset Management, has succeeded Daniel Gamba as president.
Product & Service Launches 9/4/25
Janus Henderson releases charitable investment accounts; SEI launches multi-strategy alternative ETF; and Zocks, Orion offer AI integration to provide portfolio insights.
Judge Backs Dismissal of AT&T PRT Complaint
A Massachusetts magistrate said former retirement plan participants had standing to sue AT&T and State Street Global Advisors but disregarded their consolidated pension risk transfer complaint.
TDFs with Scheduled Retirement Payouts Up 25% Since 2024
Assets in target-date investments with embedded income features totaled $103 billion on June 30, according to Sway Research.
Goldman Sachs, T. Rowe Price to Collaborate, Bring New Investments to Market
Focusing on the retirement and wealth channels, Goldman will invest up to $1 billion in T. Rowe Price, and the firms will bring new public-private investment solutions to...
Pontera, Manulife John Hancock Retirement Announce Collaboration
The companies are offering a secure platform for advisers to manage client workplace retirement accounts.
Madison Dearborn Buys NFP’s Wealth Business From Aon for $2.7B
The acquired businesses, expected to operate as one group moving forward, include Fiducient Advisors, Newport Private Wealth and Wealthspire Advisors.
Self-Directed 401(k) Accounts Grow During Volatile Q2
Charles Schwab found its average self-directed brokerage account balance rose 7.9% during Q2 2025.
Employer Groups Ask for Dismissal of Another PRT Case
Plaintiffs allege that Weyerhaeuser improperly transferred $1.5 billion in pension liabilities from its pension plan by purchasing annuity contracts.
Senior Couples Need $388k Saved for Health Care Costs: Milliman
A healthy 65-year-old couple will need $17,000 more in savings for total retirement health care costs than was needed in 2022, according to the latest Milliman Retiree Health...
Advisory M&A News – 9/2/25
Former Merrill and Hightower advisers create an independent advisory firm in Connecticut; United Capital Financial Advisors acquires The Paul Group; Mercer Advisors acquires RIAs based in Oregon and...
House Appropriations Bill Seeks DOL, EBSA Budget Cuts
The subcommittee's fiscal year 2026 spending bill would trim the Department of Labor's budget by 28% and the Employee Benefits Security Administration's budget by 5.2%.
Rapid Growth in CITs Fueled by Small Plan Adoption
Collective investment trusts now hold nearly 30% of DC plan assets, rising from just 13% a decade ago; experts predict it won't be long before they overtake mutual...
iJoin, Manifest Partner for Retirement Account Consolidation
The companies claim plan participants can find and transfer retirement accounts in under 10 minutes.