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For Pensions, Active Investing Pays Off
Financial research and benchmarking provider CEM Benchmarking says its most recent report contains enough data to prove active investing is worthwhile for pension funds, if executed efficiently and...
servicing strategies
Plugging Plan Leaks
Many 401(k)s contain a feature advisers don’t want participants to use
United States Clings to Top-20 Retirement Ranking
A hardy banking industry, strong health care services and solid economic performance have kept Switzerland’s retirement system at the top of Natixis’ 2015 Global Retirement Index.
Aegon Sued Over Management of Its Retirement Plan
A lawsuit claims retirement plan provider and asset manager Aegon USA caused superfluous fees to be charged to its own retirement plan.
Workers Should Be Saving More Than Their Parents
The Center for American Progress contends millions of Americans are in danger of not having enough money to maintain their standard of living in retirement, and the problem...
Cap on Savings Raises Industry Hackles
President Obama’s proposed budget once again looks to cap retirement plan savings to about $3 million per investor.
ETF Boutique Acquisition Reflects Growing Demand
With plans for a new exchange-traded fund platform branded under New York Life’s MainStay Investments business, one investment solutions provider says it’s time to double down on ETF...
Internal Controls Can Help Prevent Retirement Plan Fraud
The IRS has suggested a list of helpful internal controls for retirement plan sponsors.
Fiduciary Practice Reviews Can Pay Off
A recent $140 million fiduciary breach settlement involving Nationwide Financial should be a call to action for retirement specialist advisers, says David Witz of Fiduciary Risk Assessment LLC.
Council Asks DOL to Reconsider Open MEPs
The 2014 ERISA Advisory Council made several recommendations to the Department of Labor (DOL) related to outsourcing employee benefit plan services.
Post-Termination Plan Amendment Impermissibly Reduced Payments
A federal appellate court has agreed with the PBGC that a retirement plan amendment adopted after the plan’s termination impermissibly reduced its benefit obligations to participants.
Regulations, Work Force Changes Challenge Plan Sponsors
Retirement plan sponsors surveyed repeatedly expressed frustration with regulatory complexity and concern about greater worker mobility.
A New Landscape of TDFs in Retirement Plans
About one in 10 plan sponsors replaced their target-date fund/balanced fund manager in 2014.
IRS Expands Approval for Changes in DB Plan Funding Method
A pension plan that has changed actuarial services firms can have a change in funding method automatically approved.
2014 EBSA Collection Totals Questioned
The dollar amount secured by the DOL’s Employee Benefit Security Administration dropped substantially in 2014 compared with the previous year, despite a higher number of cases closed and...
DOL Investigating RadioShack 401(k) Plan
An SEC filing reveals that RadioShack is facing several lawsuits over the company stock investment offering...
Illinois Establishes Retirement Plan for Private-Sector Workers
A bill establishing the Illinois Secure Choice Savings Program has been signed into law.
TIAA-CREF Offers Framework for Assessing Retirement Plan Fees
A new paper from TIAA-CREF outlines a process for evaluating the reasonableness of retirement plan fees.
Preparing Baby Boomer Workers for Retirement
Baby Boomers have good retirement savings habits, but accumulated savings may not be adequate.