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Retirement Industry Deals and People Moves – 8/15/2025
T. Rowe Price adds three hires for insurance business; MissionSquare appoints new leads to East field sales team; Douglas Winthrop Advisors hires new senior managing director; and more.
District Court Denies Bank of America’s Motion to Dismiss 401(k) Forfeitures Case
U.S. District Judge Max Cogburn Jr. rejected Bank of America’s argument that its decisions were made in a “settlor capacity” and, thus, were not subject to ERISA’s fiduciary...
SageView Advisory Group Acquires Cap Strat
The Illinois-based retirement plan consulting and wealth management firm was acquired by the California-based registered advisory firm.
What Can the SEC Do With AI?
The Securities and Exchange Commission’s AI task force could provide the agency a ‘technology augmentation,’ according to a former SEC counsel.
US Employers Brace for Possible 10% Increase in Health Care Costs in 2026
Employers listed ‘catastrophic’ claims and costly prescription drugs among the main drivers behind pricier coverage, according to a survey from an employee benefits education provider.
2025 Top Retirement Plan Adviser: Matt Watson
Thoughts from Matt Watson, with Strategic Retirement Partners.
2025 Top Retirement Plan Adviser: Nick Jahn
Thoughts from Nick Jahn, with SageView Advisory Group.
Record Number of Candidates Take CFP Board’s July Exam
Of the 3,214 candidates who took the July Certified Financial Planner certification exam, 64% passed.
Product & Service Launches 8/14/25
Goldman Sachs AM files for Stablecoin Reserve Fund; SS&C introduces Black Diamond Wealth Solutions; FlexPATH surpasses $100 billion in AUM; and more.
‘Risk-Averse’ Investors Face Looming Risk of Low Returns
Cautious investors may be losing out during downturns in the economy, according to a study by Jackson National Life Insurance.
At 90 Years Old, Social Security Counted On by 69% of US Population
According to recently released research by the Transamerica Institute, almost one-third of U.S. adults expect Social Security to be their primary source of retirement income.
Mental Health Coverage Improves Yet Awareness Lags
Almost 40% of health care plan participants did not know if mental health services were covered in the same way as medical care, according to a survey by...
District Court Rules ERISA Claims Against Amentum, DynCorp Can Proceed
The government contractors are facing excessive-fee allegations, but a federal judge dismissed complaints about their improper use of forfeitures.
Employer Groups Argue for Reversed Court Decision on Lockheed Martin PRTs
The U.S. 4th Circuit Court of Appeals received an amicus brief arguing that Lockheed Martin was allowed to transfer pension plans to a private annuity provider.
DOL Backs Down from Safe Harbor Repeal
‘Significant adverse comments’ led to the Department of Labor's decision to not repeal protections offered in the Pension Protection Act of 2006.
Nurses Show Symptoms of Financial Insecurity
A Fidelity survey found that while almost all nurses participated in defined contribution plans, only 56% of them were on track to meet retirement income goals.
Federal Judge Rejects Motion to Dismiss Stable Value Investment Case
Sentara Healthcare Inc. and its fiduciary committee had asked a district court in Virginia to dismiss a complaint related to its 403(b) plan.
Plan Sponsors Shift Focus From Cost-Cutting to Cybersecurity
As cost pressures ease, sponsors are prioritizing data security and embracing artificial intelligence to personalize and future-proof the 401(k) experience.
DOL Revokes Biden-Era Warning About Alternative Investments in 401(k) Plans
Department of Labor officials said the 2021 statement had a ‘chilling effect’ for saying that plan fiduciaries were ‘not likely suited’ to evaluate private equity investments.
Advisers Increasingly Open to Private Market Investments in Retirement Plans, per Empower
According to a July survey, nearly half of surveyed advisers were willing to recommend private market investments, but most also want greater clarity from regulators.