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Latest Equity Investment Values Hub International at $29 Billion
T. Rowe Price, Alpha Wave Global, and Temasek were among the investors in the insurance broker and financial services firm.
Senate Bill Would Expand Retirement Plan Access to Younger Americans
Several organizations offered support for the legislation, including TIAA and the Insured Retirement Institute.
In Q1, 529 and ABLE Account Assets Continue Steady Growth
The majority of the assets, $500 billion, are held in 16.3 million 529 savings plan accounts, while prepaid tuition plans held steady at $25 billion across roughly 900,000...
Forfeitures Class Action Against Kaiser Foundation Dismissed
A federal judge in the Central District of California dismissed the claim that the plan sponsor’s use of forfeited assets violated ERISA.
DOL Stops Enforcing Biden-Era Independent Contractor Rule
Though the agency has not fully rescinded the 2024 rule, it indicated it will return to a simpler standard to define an independent worker.
Bisignano Confirmed As Social Security Commissioner
Fiserv announced that Michael Lyons will replace Bisignano as the company’s CEO.
Senate Bills Aim to Clarify Social Security Terminology, Statements
The number of pending Social Security claims for retirement, survivor and health insurance has dramatically increased this year.
DOL Funding Cut by 26% in Trump Budget Proposal
Trump’s proposed cuts would slash about $3.63 billion from the DOL.
Emergency Savings Linked to Less 401(k) Loan Use, Stronger Retirement Outcomes
According to a February survey, the usage of 401(k) plan loans has continued to increase.
ETFs See Lowest Inflows in a Year
State Street said that the inflows were so much below recent averages that the company's full-year forecast for ETF assets is in jeopardy.
Judge Finds in Favor of Knight-Swift in 401(k) Forfeiture Case
The district court determined that the plaintiffs failed to state a viable ERISA claim, the latest action in a flurry of cases concerning the alleged mismanagement of forfeited...
AI and the Future of Participant Services
Use cases for both generative and agentic artificial intelligence continue to expand, especially in areas like participant education and personalized experiences.
Regulators Urged to Take Risk-Based Approach Toward AI
A recent SEC-hosted roundtable addressing artificial intelligence highlighted the risks and rewards of its usage in financial services.
GOP House Bills Target DOL Audit Process
The legislation would require the Department of Labor to submit annual reports on the status of its investigations, including those active for more than 36 months.
Empower Launches Zero Fee Index Fund For Retirement Plans
The company says the fund will offer retirement plan participants higher growth potential by removing management fees.
Economic Uncertainty Causes Financial Stress, Moves People To Take Action
Americans are determined to take control of their financial lives, yet most feel unprepared and only half trust themselves to get it right.
A Side Gig Retirement Plan
Two-thirds of retired Americans wish they had a side gig to support their ideal retirement lifestyle, and 93% of those retired that have gig jobs, work because they...
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.
Retirement Confidence Remains High, As Does Interest in Income Options
EBRI's most recent Retirement Confidence Survey found that 67% of workers and 78% of retirees reported being confident that they could live comfortably throughout retirement.
Beyond the Annuity Puzzle: Rewiring the Psychology of Lifetime Income
A closer look at what has been limited, so far, annuity adoption by plan sponsors and participants.