Tag: Retirement Plan

March 29, 2022

The last two years have broken records for fiduciary litigation against retirement plan sponsors. Since 2020, there have been more than 200 new class-action lawsuits brought under the Employee Retirement and Income Security Act (ERISA) and more than 100 new […]

June 10, 2021

While retirement plan committees, also known as plan fiduciary or plan oversight committees, have structures as varied as the companies that sponsor them, new research shows key consistencies in how committees are designed and operate. Retirement plan committees are entrusted […]

July 12, 2019

Total sales of U.S. single-premium defined benefit (DB) pension buyout products soared above $4.7 billion in the first quarter, the highest pension risk transfer (PRT) sales in that period in more than 30 years, according to data from the LIMRA […]

July 9, 2019

Among the many challenges a plan sponsor faces is keeping plan operations current with operational requirements. Some requirements are mandatory for all plans, and others are required as a result of discretionary changes made by an individual employer plan to […]

June 4, 2019

Employer-sponsored private-sector defined benefit (DB) plans have been on the decline for many years as U.S. employers have shifted to defined contribution (DC) retirement plans. Just 17% of private-sector employees had only a DB plan or both a DB and […]

October 25, 2018

The U.S. Department of Labor (DOL) is proposing a mechanism to help small businesses offer retirement plans to their employees, but although the proposal may ease the way for some employers, it doesn’t eliminate all complications. The DOL announced a […]

November 11, 2016

People are worried about their financial future, but are they saving enough for retirement? I spoke to Ed Farrington, executive vice president at Natixis Global Asset Management about how benefits managers should communicate with employees about their retirement. He referenced […]

September 2, 2016

California lawmakers passed a bill on Aug. 31 that would require certain private-sector employers to arrange for automatic payroll deposits into employee retirement savings accounts. The California Secure Choice Retirement Program (S.B. 1234) has been implemented in stages, explained Alan […]