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IBM Asks Supreme Court to Review Stock Drop Decision
A 2nd U.S. Circuit Court of Appeals decision reversed the company’s District Court win in a lawsuit alleging imprudence in managing company stock investments in one of its...
Brown University Agrees to Pay $3.5 Million to Settle 403(b) Lawsuit
The agreement also calls for Brown to to try to further reduce recordkeeping fees from the plans’ two recordkeepers and conduct a request for proposal (RFP) process for...
Self-Directed Brokerage Accounts Fell 10.6% in Value in 4Q18
Account values fell sharply from the previous quarter and were 6.3% lower than the previous year, according to Charles Schwab’s SDBA Indicators Report.
Oranj Pairs Account Aggregation with Financial Planning
Account aggregation is being offered to MoneyGuide users without an additional monthly subscription charge.
CSAA Helps Its Employees Pay Down Student Debt and Save for Retirement
Employees must contribute 2% of their salaries to the retirement plan, which then allows them to direct up to 4% of their employer match to pay down their...
Workplace and Retail Advice Should be Complementary
Workers higher up on the income scale typically will utilize workplace retirement advice to get a trusted second opinion, as many of them have an outside primary adviser...
Participants Favored Fixed Income in February
On 89% of the trading days, 401(k) participants moved the majority of their money into fixed income, according to the Alight Solutions 401(k) Index
Business Owners Seeking Adviser Help With HSAs
Just over half think health care will be the biggest expense in retirement, a Nationwide Retirement Institute survey found.
Supreme Court Asked to Answer ‘Actual Knowledge’ ERISA Question
The question of what facts or actions create “actual knowledge” of alleged wrongdoing, recently tested in the 9th Circuit, are critical in ERISA litigation and play a key...
Judge Denies Jury Trial in Massachusetts Institute of Technology ERISA Case
Comparing Employee Retirement Income Security Act (ERISA) cases to trust law cases, a federal judge decided to side with "the great weight of authority in the federal courts...
FPA Course Teaches Advisers to Provide College Funding Advice
The Financial Planning Association is offering the eight-module, online course in partnership with Capstone College Partners.
New York Life Program Aids Advice Across Gender Lines
Coinciding with the publication of a new survey showing women regularly feel patronized by financial advisers, New York Life Investments has launched a program to help advisers better...
Many Widows, Divorcees Feel Patronized by Financial Advisers
If they feel this way, they are inclined to shun advisers altogether, New York Life Investments learned in a survey.
Study Finds Alphabeticity Bias in 401(k) Investing
Investors tend to select funds at the top of an alphabetically organized list of funds.
IRS No Longer Intends to Amend Regulations Affecting Retiree Lump-Sum Windows
The agency previously announced it would amend required minimum distribution regulations in a way that would prohibit the offering of lump-sum windows to defined benefit (DB) plan participants...
Mixed Ruling in Oracle ERISA Suit Strongly Favors Defense
Despite a setback for Oracle at the class certification stage, a new ruling out of a federal court in Colorado pushes back strongly against many—but not all—of the...
Retirement Industry People Moves
Nationwide Retirement Plans adds consultant relations director; Chalice creates partnership with Orion Services; GoldPoint Partners appoints managing principle; and more.
PBGC to Get Help With Administration, Finding Missing Participants
Serco Inc. will also provide PBGC field offices with database support and data analytics.
Retirement Savings Shortfall Ticks Downward
Just over four in 10 U.S. households are projected to run short of money in retirement, according to an updated analysis from EBRI.
Some Say Investors Are Better Served by Tactical TDFs
The Great Recession prompted many target-date fund managers to begin to consider tactical glide-path deviations based on market conditions and forecasts.