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2025 RPAY – Beryl Ball, CAPTRUST
Business at a Glance as of 12/31/24 Location: Richmond, Virginia How many plan assets do you have under advisement? $7.78B What is your median plan size (in assets)?...
2025 RPAY – Brent Sheppard, Cadence Financial Management
Business at a Glance as of 12/31/24 Location: Lake Mary, Florida How many plan assets do you have under advisement? $403.7M What is your median plan size (in...
Human Interest Launches Platform to Streamline 401(k) Management
The company says the launch comes after 50,000 hours in product and engineering over the last year in direct consultation with dozens of financial advisers.
Concern About More Litigation Follows Supreme Court’s Cornell Decision
Industry experts responded to the recent Supreme Court ruling, which lowered the bar for plaintiffs alleging prohibited transactions, with concern that a new wave of ERISA lawsuits will...
House Bill Would Protect Retirees From Financial Fraud
If passed, local law enforcement would be eligible to use federal grant funding to investigate financial fraud against retirees.
Nomura to Acquire Macquarie’s US and European Asset Management Business
The acquisition, which brings over $180 billion in assets under management, will also give Nomura a wealth management channel in the U.S.
Comparing Insured and Non-Insured Payout Options
A recent issue brief from the American Academy of Actuaries examines the insured and non-insured options currently available that can be offered through employer-sponsored retirement DC plans.
What to Know About Pharmacy Benefit Managers
Experts speaking during a recent PLANSPONSOR Roadmap session discussed how pharmacy benefit managers drive the cost of prescription drugs and what to watch for in contracts.
Supreme Court Wants Solicitor General Opinion on Excessive Fee 401(k) Case
District and appellate courts have split opinions about whether the burden of proof in the excessive fee case falls on the plan participants or the fiduciaries.
Trump Issues Executive Order About PBM Compensation
The executive order signed last week requires the Secretary of Labor to propose regulations to improve transparency into compensation of pharmacy benefit managers.
Despite April Funding Downturn, Opportunities for Pension Derisking Remain
There is a “critical window of opportunity” for plans to strategically pursue a partial or full pension risk transfer, according to October Three Consulting.
Supreme Court Rules For Workers in Cornell 403(b) Plan Lawsuit
The ruling means Cornell employees can again challenge the university about claims of excessive recordkeeping fees in the school’s defined contribution plans.
Product and Service Launches – 4/17/25
OneDigital enhances benefits capabilities with BoliColi acquisition; IRALOGIX launches a retirement preparedness benchmark; Mercer Advisors expands its family office services; and more.
Plan Sponsors Remain Focused on Workforce Retirement Benefits
Repositioning defined contribution plans as income programs could be the best path forward, according to a recent MetLife study.
Investors’ Bad Behavior Led to Sharp Underperformance in 2024
Equity fund investors missed the S&P 500 by a massive 848 basis points, while fixed-income investors underperformed by 232 basis points.
American Worker Retirement Plan Act Reintroduced in House
The bill would offer federally run retirement savings plans to low- and middle-income workers who lack access to an employee-sponsored plan.
Employers With PEPs Have Higher Adviser and Plan Satisfaction
The Standard study shows employers express a 40% increase in plan adviser satisfaction after joining a pooled employer plan.
Debt Delaying Retirement for Generation X, Baby Boomers
An average of one in every three people needs credit cards to make ends meet—and many are maxed out, according to a recent survey.
Electronic Disclosure Bill Reintroduced in House
Similar to a measure that passed the House last year, the Improving Disclosure for Investors Act prioritizes electronic delivery of SEC-required disclosures.
DOL Gets 60 More Days to Decide Next Steps in Fiduciary Rule Lawsuit
The Department of Labor will have an additional 60 days, to June 16, 2025, to decide its next steps in litigation against the Biden-era Retirement Security Rule.