Search results for: acts 19
EBRI Discusses Retirement Risks From Not Addressing Long-Term Care
Employees’ perceptions of long-term care needs, knowledge and accessibility of long-term services and supports influence their financial readiness in retirement.
DOL Submits Request for Information About PEPs to OMB
The request, made July 1, indicates the Department of Labor is preparing PEP-related reports, per provisions in the SECURE and SECURE 2.0 Acts.
Retirement Industry Deals and People Moves – 6/27/2025
SBA names Andy Clonts as senior benefits consultant; Cheryl Morrison Deutsch joins 401GO as chief experience officer; Lincoln Financial hires three for retirement services team; and more.
Supreme Court Declines to Hear AT&T ERISA Case
The justices did not comment on the case, which centered on prohibited transactions under the Employee Retirement Income Security Act, and the 9th Circuit’s remand to a California...
Nasdaq-100 Underrepresented in 401(k) Plans
A survey by Shelton Capital Management showed that allocations to Nasdaq-100 Index mutual funds make up fewer than 1% of all 401(k) assets.
PRT Lawsuits Get Split Rulings in District Courts
A lawsuit against Lockheed Martin over pension risk transfers it conducted with Athene will continue, whereas a similar lawsuit against Alcoa Corp. was dismissed.
Changes to Federal Student Loan Repayment Forgiveness Increasing Financial Stress
After payments resumed, the volume of past due federal loans quickly returned to pre-pandemic levels and reached a new high of 15.6% by the end of the on-ramp...
Caregiving Responsibilities Challenge Women’s Financial Health
Data from the Nationwide Advisor Authority study also highlights a significant gap between advisers’ confidence in their ability to serve women clients and the actual experience of women...
What to Know About Part-Time Employee Eligibility for Retirement Plans
Effective January 1, the SECURE 2.0 Act makes part-time employees who have met service criteria eligible for employer-sponsored retirement plans.
Retirement Industry People Moves – 2/7/25
Newfront Retirement Services adds associate vice presidents; CFP Board announces CEO Keller to retire in 2026; Focus Financial Partners names new CFO; Wagner Law Group welcomes a new...
Trader Joe’s 401(k) Plan Accused of Overinvesting in Balanced Fund
The $2.7 billion dollar plan also joins the more than 30 employers accused of mismanaging employee forfeiture funds.
Industry Groups Push to Dismiss PRT Lawsuit Against Bristol-Myers Squibb
In an amicus brief, several advocacy groups warned that letting the lawsuit proceed past a motion to dismiss could open the door to a wave of frivolous lawsuits.
Catching Up With PIMCO’s Personalized Target-Date Funds
The firm continues to pitch its myTDF, a personalized target-date-fund solution in market since 2023, as a way for plan advisers to bring clients a more personalized glide...
Retirement Plan Advisors Announces Staff Promotions
Rob Mangano, Tamme Ford, Alex Gault and Sarah McKinzie get elevated roles at the $7 billion plan advisory focused on the public sector.
Trump Taps Fiserv CEO Frank Bisignano for Social Security Administration Commissioner
Bisignano’s background signals he will be more focused on seeking efficiencies and administration than any policy reform efforts.
Retirement Industry People Moves – 12/6/24
Collins joins Alerus as retirement sales consultant; Vanguard strategy head to retire; Wagner Law brings on new employee benefits attorney; and more.
11 Republican AGs Sue BlackRock, State Street, Vanguard in ESG Case
The 11 states, led by Texas, allege the asset managers have been undercutting coal companies and driving up electricity prices.
Deadline Nears for Plan Sponsors to Sign Attestations for Access to Health Plan Data
Employers are responsible for signing attestations to confirm that their health care service providers are not restricting access to plan claim data of participants.
Consumer Advocacy Groups Push Back On CIT Use by 403(b)s
Six groups are calling on the Senate to reject a proposal to allow 403(b) plans to invest in collective investment trusts.
US Retirement Market Evolves Amid Growth, Challenges
A retirement data expert discusses the aging U.S. workforce, rising Social Security dependence and a retirement coverage gap affecting millions of Americans.