The deal brings over $5.6 billion in retirement plan assets, representing more than 1 million participants and 41,000 individual accounts across 11 states.

The Allianz Life survey also showed fewer Americans than last year are worried about a major recession hitting the economy any time soon.

Voya says its new program will provide greater support for plan participants when it comes to retirement saving, including tailored investment advice and managed accounts.

Toomey represented Pennsylvania in the Senate from 2011 to 2023 and served as the ranking member of the Senate Banking Committee from 2021 to 2023.

Mutual of America agreed to settle an ERISA excessive fee lawsuit filed by 401(k) participants last week.

American workers 45 and older think it will take about $1.1 million in savings to retire comfortably, yet only 21% expect to reach even the $1 million mark.

Approximately $92 billion in savings exits the US retirement system every year because Americans who change jobs cash out their workplace retirement accounts.

While estate planning may not sound like an ideal topic for a holiday meal, getting together with family does provide an opportunity for face-to-face discussions.

FuturePlan EAP is intended to enhance plan onboarding and administration, while offering plans with less than 10 participants the ability to deal with fewer decision points.

That's one year earlier than the trustees' report estimated last year; the report projects that 80% of benefits would be payable at that time.