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Participants Investing in HSAs Not Cutting Back on 401(k)s
Most participants are taking advantage of the combined benefits an HSA and 401(k) have to offer, but there is still a gap in knowledge of HSA basics among...
Fixed-Income Holdings Can Make Or Break TDF Performance
J.P. Morgan’s head of target-date strategies urges plan advisers to reexamine the “critical role of fixed-income assets in target-date funds,” highlighting ways they can help clients generate stronger...
Retirement Savings Accounts a Planned Major Source of Retirement Income
Retirement savings accounts and Social Security are the top two sources of income that today's non-retirees expect to rely on the most.
Most Investors Would Be Happy to See New Fiduciary Standard
Financial Engines says it has clear and compelling evidence that Americans strongly favor stricter conflict of interest protections when it comes to retirement investment advice.
ESOP Awarded More Than $9 Million for Overpayment of Company Stock
A federal court held that First Bankers breached its fiduciary duties to the plan’s participants by failing to conduct a prudent investigation into the fair market value of...
Interpreting Investment Fee Research Is An Art
There is more retirement plan investment fee data available than ever before, but it is still not exactly easy to identify a good value.
Fujitsu Fails to Get 401(k) Excessive Fee Suit Dismissed
In their lawsuit, the plaintiffs called the Fujitsu plan one of the most expensive in the country and specifically called out the design and implementation of the plan’s...
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investment lineups without constraints and fiduciary services
Boomers Carrying Student Loan Debt Into Retirement
For loans that are not repaid by retirees, Social Security payments can be garnished.
Americans Losing Trillions for Lacking Financial Knowledge
People of all age groups on average estimated losing $30,000 or more throughout their lifetime due to their lack of financial knowledge, a new survey finds.
Hartford Funds to Launch New Fixed Income ETFs
The new funds will focus on investment grade debt including U.S. government and corporate bonds.
SafeWay ERISA Lawsuits Advance in Federal Court
Two lawsuits filed against the company alleging a failure to prudently manage retirement plan investment and administrative fees have survived preliminary motions to dismiss.
FASB Issues Update to Accounting Standards Codification
The amendments involve the presentation of net periodic pension cost and net periodic postretirement benefit cost.
Settlement Reached By Holy Cross ‘Church Plan’
While several church plan challenges wait on SCOTUS review, another has been settled.
TIAA Wins Dismissal of Prohibited Transaction Challenge
An ERISA lawsuit filed against TIAA by employees of the University of Chicago and Nova Southeastern University has been dismissed by a federal judge, who ruled TIAA should...
TDF Adoption Driven By Auto Enrollment
A new report by Vanguard offers insight into TDF trends and participant demographics.
Retirement Industry People Moves
Goldman Sachs to Acquire OCIO Business; HealthSavings Administrators Appoints Industry Vets to National Sales Team; The Standard Hires Plan Consultant; and more.
Oracle Fails to Get 401(k) Excessive Fee Suit Dismissed
A judge concluded that the legal and factual merits of plaintiffs’ claims are better resolved on a fuller factual record, either in the context of a motion for...
Conservative Investors More Likely to Say Trump Presidency Will Help Portfolios
More than half of all investors say the administration will likely benefit their retirement portfolios.
FinMason Solutions Offer Suitability Tracking
If a recommendation is given in a careful and controlled manner, but there is no record made, does that mean it is materially less prudent?