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New York City Bar Committee Makes Recommendations to Strengthen Retirement Security
In a letter, the committee, comprised of legal professionals representing employee benefits stakeholders, expressed concern that legislative shifts aimed at funding tax cuts or addressing Social Security deficits...
2025 Top Retirement Plan Adviser: Andrew Blankenship
Thoughts from Andrew Blankenship, with Advo(k)ate Advisors.
2025 Top Retirement Plan Adviser: Anthony McCracken
Thoughts from Anthony McCracken Jr., with Newcleus.
Parties Agree to $48.5M Settlement in Pentegra Fiduciary Breach Case
A jury awarded plaintiffs in the case, Khan et al. v. Board of Directors of Pentegra Defined Contribution Plan et al, more than $38 million in April, following...
Auto-IRA Program Approved by Massachusetts Legislature
The FY 2026 budget bill includes the provision creating the Massachusetts Secure Choice program.
EBSA Eliminates Three Interpretive Bulletins, Calling Them ‘Unnecessary’
The Department of Labor’s Employee Benefits Security Administration announced on Monday that it is removing three interpretive bulletins related to the Employee Retirement Income Security Act, calling them obsolete and...
Plan Sponsors Interested in Plan Designs and Programs that Enhance Participant Wellness
Despite most plan sponsors feeling a strong responsibility for employees’ financial well-being, programs such as emergency savings, student loan repayment assistance and management assistance remain under-implemented, according to...
Do Private Markets Present a Lucrative Opportunity ‘Fraught With Peril’?
Jerry Schlichter says fiduciaries’ responsibilities have been complicated by provider desires to make private market investments available via 401(k) plan managed accounts.
Social Security Trust Fund Predicted to Fall Short One Year Sooner
Social Security's largest trust fund may be depleted in 2034, one year earlier than estimated in 2024, and what had been predicted in 2023.
Investors Concerned About the Big, Beautiful Bill’s Section 899
Experts say the provision, which would raise taxes on the U.S. income of foreign businesses and individuals, is likely to hurt capital markets.
Athene Names CEO and Several Senior Promotions
Apollo’s retirement services arm named Grant Kvalheim CEO and elevated Mike Downing and Sean Brennan to co-presidents of Athene USA.
Citing Strategic Shift, SEC Withdraws 14 Biden-Era Proposals
According to the notice, the proposals cover areas such as cybersecurity, ESG disclosures and shareholder rights.
What’s Next for Managed Accounts?
Technological evolutions could help the personalized options become more efficient—and more popular.
Amid Market Volatility, Insurers’ Focus Shifting to Annuities and Retirement Income
More than half (56%) of insurance carriers responding to a Goldman Sachs Asset Management survey indicated that they already offer an in-plan annuity solution and another 33% reported...
SEC’s Director of Investment Management to Step Down
Natasha Vij Greiner, who has led the division since March 2024, leaves after more than 23 years at the SEC.
Could Managed Accounts Replace TDFs as Plan QDIAs?
Despite target-date funds’ ubiquity, there are selected use cases for managed accounts as qualified default investment alternatives.
EBSA Budget Request for FY26 Down 5% from FY25
The Pension Benefit Guaranty Corporation, which provides financial assistance to distressed pension plans, also requested a smaller budget at $21.8 million, down from $38.9 million in fiscal 25.
Bringing Advice to the Masses
When offered, managed accounts can provide a full financial planning experience—from accumulation through retirement.
DOL Introduces Multi-Agency Opinion Letter Program
The initiative aims to improve compliance assistance by providing more accessible guidance about federal labor laws across five agencies, including the Employee Benefits Security Administration.
DOL Announces Intentions to Craft New ESG Retirement Investing Rule
In April the department stated it was considering rescinding the 2022 ESG rule and asked the 5th Circuit to pause its consideration of an appeal of a lower...