In-plan lifetime income options can secure certain benefits participants may not find in retail solutions, suggests a new study by TIAA.
The case had challenged multiple recordkeepers, multiple investment options and the use of retail share class funds.
With the determination letter program gone, Wagner Law Group is helping plan sponsors remain compliant with the IRS.
The program’s open-architecture design offers access to hundreds of best-in-class mutual fund families.
The firm will provide 3(21) and 3(28) services through a tech-focused solution.
Both parties together filed some 1,000 pages of paperwork, which the court declined to consider in denying the employer's motion to dismiss, in which it argued its plan administration practices fit within established norms.
A review of fiduciary governance and the liability insurance policy can help 403(b) plan sponsors steer clear of the litigation whirlwind hampering the industry today.
Envoy Advisory submitted an offer of settlement which the SEC accepted.
It also provides links for resources the IRS provides to help 403(b) plan sponsors stay in compliance.
Similar to the settlement agreement regarding the Ascension plan, the agreement includes provisions that mimic the provisions of ERISA.
Income from retirement accounts would replace a median 14% of pre-retirement income for workers between the ages of 55 and 65, a new study suggests.
A federal district court judge only moved forward certain claims of breaches of fiduciary duty of prudence under the Employee Retirement Income Security Act (ERISA).
More than two in 10 403(b) plans now automatically enroll participants.
Members of the "ACT" committee are in a unique position to provide observations about current or proposed IRS policies, programs and procedures, and suggest improvements through a yearly final report.
Health care plan sponsors deal with much M&A activity, and that is where Voya hopes to grow its business.
For plan sponsors, benefits include improved recordkeeping and reporting, online plan management capabilities and enhanced client support, Vanguard says.
As with similar lawsuits, the one against Brown University attacks the traditional 403(b) plan model.
The agency has made changes to its opinion letter program for pre-approved retirement plans.
Certain providers to non-ERISA 403(b) plans offered by political subdivisions of the state must now disclose conflicts-of-interest.
This is the second lawsuit filed this month against the university regarding excessive fees in its 403(b) plan.