A federal district court bounced two fiduciary breach claims brought by participants against Ricoh USA, saying plaintiffs failed “to plausibly allege the committee breached its ERISA-imposed fiduciary duty by charging unreasonable recordkeeping fees."
Among new, self-directed DC retirement plan participants, ESG fund allocation is ‘relatively modest when offered in the core menu,’ according to research from PGIM and EBRI.
Allianz finds growing numbers of U.S. workers want guaranteed income options in their employer-sponsored retirement plan.
Cerulli retirement research shows growing interest in TDFs with guaranteed income for plan sponsors’ lifetime income options among consultants.
Two counts for breach of fiduciary duty were brought against the defendants.
A new Goldman Sachs Asset Management retirement report finds myriad competing financial priorities are impeding participants from saving sufficiently for retirement.
The judge has allowed the case to go forward and the ‘plaintiffs should be afforded an opportunity to conduct discovery.’
Class action lawsuit claims firm loaded its 401(k) plan with high-fee, underperforming proprietary funds.
The new app will provide individuals with a complete view of their financial picture, inclusive of workplace benefits and savings accounts.
Almost half of workers surveyed (48%) have no strategy to generate retirement income, Schroders finds.
Personalization is required to help people create a paycheck in retirement, says Shlomo Benartzi.
Penny framing has been shown to boost DC plan outcomes, in research and practice, and can help low-income participants save for retirement.
The addition to the company’s retirement suite aims to expand accessibility for employers to provide retirement planning services
U.S. workers’ interest in putting money into investments that guarantee a portion of retirement income fell in 2021 from the previous year, a new survey shows. But experts say that data should come with some context.
Many people are reluctant to share additional in-depth financial details for security reasons and for fear of being bombarded with financial services advertising, but advisers can explain the benefits of divulging some information.
Its report studied ways the DOL can try to close the gaps in retirement savings based on rase, ethnicity and gender.
Defined contribution plan sponsors including alternative investments may need to use retirement plan advisers to evaluate and monitor the investments, because alternative investments typically have higher fees than traditional asset classes.