Smaller 401(k) plans tend to have lower participation rates than larger ones, due to less use of auto-enrollment and lower participant incomes, a recent report from Vanguard confirms.
In a case that found no damages, but that ERISA Section 502(g)(1) provides a court with discretion to “allow a reasonable attorney’s fee and costs of action to either party,” the plaintiff’s attorneys ...
The race to expand access to private markets apparently has entered a new phase, as Charles Schwab announced on Thursday that it has entered into a definitive agreement to acquire Forge Global ...
A new suit has been filed against IBM claiming that the plan’s target date fund (TDF) series “has suffered over $1.9 billion in losses resulting from the fiduciary breaches at issue and remain ...
Whether it’s a bit of wisdom, a dash of inspiration, or retirement plan fundamentals, their content is noticed by peers and plan participants alike.
Some months back, the Labor Department published an intriguing three-part “proposed rule” that, to my eye, offered helpful fiduciary tips that go well beyond pooled employer plans (PEPs).
The parties in an excessive fee suit that tried to expand to include forfeitures (but failed) have come to terms.
Following the completion of Madison Dearborn Partners’ acquisition of five NFP businesses from Aon, Wealthspire has established itself as a newly formed independent firm to serve clients across the ...
Legislation has been reintroduced in the House of Representatives that would require businesses to pay at least 50 cents into an employee’s retirement savings plan for every hour worked.
Without emergency savings, employees are twice as likely to turn to workplace retirement accounts to cover unexpected costs, according to new data shared by Fidelity Investments.
Noting that it “appreciates the Court’s careful effort to craft an injunction that ensures compliance with ERISA’s twin duties of loyalty and prudence, while avoiding “overbreadth that could disturb ...
Financial wellness programs too often fall short — not because of a lack of information, but because of ineffective delivery and engagement.