The average 401(k) deferral rate was 7.7% in 2024—an all-time high and nearly one percentage point higher than the 6.8% rate one decade ago.
Nearly all plan sponsors surveyed by Callan offer some form of investment guidance to participants.
Even though both bills share many provisions, the estimates from the congressional Joint Committee on Taxation are based on different accounting methods.
The District of Minnesota ruling, released June 18, closely resembled the dismissal of an ERISA complaint against J.P. Morgan on June 13 in Los Angeles.
In a letter, four Senators expressed concern that rescinding the 2022 guidance removes essential protections for American workers’ retirement savings.
The firm’s global head of private capital has been serving as interim president since May.
Wesco Inc. alleges BCBSM exploited self-funded health plans by charging fees to fix its own billing errors, in violation of federal fiduciary duties.
CBIZ appoints Seth Goldblum to lead advisory services; Aidentified hires Dan Cavanaugh as head of wealth management; ADISA names new executive director; and more.
Bank of America’s June Global Fund Manager Survey found that, over the next five years, a significant number of investors expect international stocks to be top performers.
A new Transamerica report considers generational differences in retirement expectations.
The measure, which introduces new compliance standards for issuers of stablecoins, passed with bipartisan support.
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.
The company said it will offer many Savi guidance features at no charge to employers or their employees.
A federal judge dismissed the case with prejudice, meaning a new case could not be filed in the district.
A recent court ruling allowed previously excluded terminated and insolvent plans to resubmit applications for special financial assistance, enacted by the American Rescue Plan Act.
