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PBGC Wants to Keep Requiring Disclosures for Distressed DB Plan Terminations
The agency has requested that the OMB continue to allow it to do so.
Scant Withdrawals From DC Plans in First Half of Year
The number of participants taking hardship withdrawals remained less than 1%.
Responsible Investing Strategies Still a Challenge for Advisers
Only 21% of advisers surveyed reported feeling very well informed about responsible investing strategies, and the survey found accessing ESG data is a challenge for advisers.
Regulators Release Informational Copies of 2017 Form 5500
The new forms include important modifications.
DOL Issues ERISA Guidance for Plans Impacted by Hurricane Maria, Wildfires
The guidance covers verification procedures, timely loan and hardship withdrawal repayments, and health care coverage.
New Complaint Alleges Excessive Fees in NYU Plans
This case was filed against NYU Langone Hospitals, NYU Langone Health Systems, the retirement plan committee, and several named defendants.
Sizable Group of Investment Managers Pledge to Lower Fees
The median investment management fee charged to retirement plans is 38 basis points, according to the Callan Institute.
Six Ways to Up the Ante on DC Plans
If the plan is not already automatically enrolling participants and escalating their deferrals each year, AB says, it should be.
First Bankers Trust Settles Three ERISA Suits
The lawsuits alleged that First Bankers Trust violated the Employee Retirement Income Security Act when it approved stock purchases by three employee stock ownership plans.
Retirement Industry People Moves
Industry veteran joins Meeder as SVP; PGIM Investments appoints chief marketing officer to drive global expansion; FS Investments hires national sales manager to oversee sales professionals; and more.
PBGC Deficit Report Shows Dire Situation for Multiemployer Plans
The latest deficit increase was driven primarily by the ongoing financial decline of several large multiemployer plans that are expected to run out of money in the next...
Millennials Are Focused on Achieving Financial Goals
Despite sometimes being thought of as “slackers,” data shows the Millennial generation is more financially responsible than other generations give them credit for.
Will Open MEPs Soon Have Their Day?
The executive director of the Aspen Institute Financial Security Program, reflecting on a recent summit of government and industry leaders, suggests the stars may finally be coming into...
For Older Generations, Paying Off Debt Overrides Saving for Retirement
Half of both Baby Boomers and Generation X are prioritizing paying off debt before saving for retirement, a survey found.
Schwab OpenView Adds Riskalyze and Autopilot Platforms
The collaboration of Riskalyze and Charles Schwab will ease an adviser’s workflow challenges and allow for greater efficiency, says Kyle Van Pelt, vice president of partnerships at Riskalyze.
Investment Products and Services Launches
Clearwater Analytics Partners With AIG to Provide Software Platform; Wilshire Launches Latest Indexes Tracking REITs; American Century Joins List of Firms Licensing Precidian ETF Tool; and more.
Democrats Outline Their Vision for Protecting Union Pensions
House and Senate Democrats say their “Better Deal” proposal offers an alternative vision to the GOP’s economic agenda, with a focus on protecting union pensions and access to...
SIFMA Files Brief in Support of Fidelity in Stable Value Suit
SIFMA says it has a strong interest in clarifying the fiduciary obligations of investment managers in selecting and managing investment options in retirement plans governed by ERISA.
A New Look at Pension Plan Investing in 2018
Willis Towers Watson outlines 10 ways sponsors need to modernize investment focus for their pension plans.
GOP Backs Away From Limits on Deferred Compensation
Among other amendments that have already emerged in both the House and the Senate tax proposals, it seems nonqualified deferred compensation plans will more or less be left...