Retirement Planning

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Former DOL officials say agency historically grants hearings on regulatory proposals
RETIREMENT RETIREMENT PLANNING JUL 20, 2020
Former DOL officials say agency historically grants hearings on regulatory proposals

Sen. Patty Murray recently requested a session on DOL’s investment advice measure

By Mark Schoeff Jr.
Biogen faces class action over 401(k) fees
RETIREMENT RETIREMENT PLANNING JUL 20, 2020
Biogen faces class action over 401(k) fees

The company is among the latest targeted in a wave of ERISA litigation this year

By Emile Hallez
Meager savings led workers to tap retirement accounts, survey finds
RETIREMENT RETIREMENT PLANNING JUL 20, 2020
Meager savings led workers to tap retirement accounts, survey finds

COVID-19 could have long-term consequences for Americans' retirement security, says the Secure Retirement Institute

By InvestmentNews
Senate Democrats ask DOL to back off ESG rule
RETIREMENT RETIREMENT PLANNING JUL 17, 2020
Senate Democrats ask DOL to back off ESG rule

The proposed restrictions on environmental, social and governance funds in 401(k)s would perpetuate racial discrimination, a group of lawmakers wrote

By Emile Hallez
How to respond to a long-term care premium hike
RETIREMENT RETIREMENT PLANNING JUL 16, 2020
How to respond to a long-term care premium hike

Weighing policy options to maintain coverage at an affordable price

By Mary Beth Franklin
401(k) sales will continue to fall: Survey
RETIREMENT RETIREMENT PLANNING JUL 16, 2020
401(k) sales will continue to fall: Survey

Record keepers expect figures in the third quarter to be down 22% from a year earlier, according to a report from the Secure Retirement Institute

By Emile Hallez
Student loans center of 401(k) perk  for Allianz workers
RETIREMENT RETIREMENT PLANNING JUL 15, 2020
Student loans center of 401(k) perk for Allianz workers

The company will consider some loan repayments as contributions toward reaching the employer match

By Emile Hallez
401(k) arbitration agreements still not mandatory
RETIREMENT RETIREMENT PLANNING JUL 14, 2020
401(k) arbitration agreements still not mandatory

Sponsors have interest in adding them to their retirement plan documents, but the courts are up in the air, lawyers said

By Emile Hallez
INmail: Severance pay can temporarily boost Medicare premiums
RETIREMENT RETIREMENT PLANNING JUL 13, 2020
INmail: Severance pay can temporarily boost Medicare premiums

Will a wife lose all of her Social Security benefits due to increased Medicare premiums triggered by her husband’s severance package?

By Mary Beth Franklin
‘Lost and found’ 401(k) bill is good for the advice industry
RETIREMENT OPINION JUL 12, 2020
‘Lost and found’ 401(k) bill is good for the advice industry

While not exactly novel, the legislation is a sound first step toward getting Main Street investors the tools they need

By InvestmentNews
Wawa settles ESOP lawsuit for $21.6 million
RETIREMENT RETIREMENT PLANNING JUL 10, 2020
Wawa settles ESOP lawsuit for $21.6 million

The agreement is separate from a $25 million settlement reached in a similar suit brought in 2016

By Emile Hallez
Working past 62 improves retirement security: Study
RETIREMENT RETIREMENT PLANNING JUL 10, 2020
Working past 62 improves retirement security: Study

People who aren't prepared for retirement at age 62 aren't more likely than others to keep working, but those who do tend to benefit financially, a recent paper found

By Emile Hallez
CareerBuilder gets win in 401(k) lawsuit, others face new claims
RETIREMENT RETIREMENT PLANNING JUL 08, 2020
CareerBuilder gets win in 401(k) lawsuit, others face new claims

Paychex, Astellas and Aon were recently sued, and the $12.4 million settlement in a Northrop Grumman suit has been held up

By Emile Hallez
Empower’s Personal Capital acquisition highlights convergence of wealth and retirement
RETIREMENT OPINION JUL 08, 2020
Empower’s Personal Capital acquisition highlights convergence of wealth and retirement

Retirement plan advisers should heed the implications of the deal

By Fred Barstein
Why 2020 is a bad year to turn 60
RETIREMENT RETIREMENT PLANNING JUL 07, 2020
Why 2020 is a bad year to turn 60

COVID-related job losses this year could reduce Social Security benefits for millions of people born in 1960

By Mary Beth Franklin
'Lost and found' 401(k) bill resurfaces
RETIREMENT RETIREMENT PLANNING JUL 06, 2020
'Lost and found' 401(k) bill resurfaces

The Treasury would build a national account-tracking system, under bipartisan legislation co-sponsored by Sen. Elizabeth Warren

By Emile Hallez
401(k) lawsuit costs Fidelity $28.5 million
RETIREMENT RETIREMENT PLANNING JUL 02, 2020
401(k) lawsuit costs Fidelity $28.5 million

The settlement resolves a class-action case that alleged the firm breached its fiduciary responsibility to plan participants

By Emile Hallez
Long-term care a big question in pandemic
RETIREMENT RETIREMENT PLANNING JUL 02, 2020
Long-term care a big question in pandemic

COVID-19 has highlighted the necessity of planning for care in old age, and advisers are increasingly recommending 'hybrid' annuity or life insurance products

By Emile Hallez
401(k) suits target Trader Joe's, Costco, others
RETIREMENT RETIREMENT PLANNING JUL 01, 2020
401(k) suits target Trader Joe's, Costco, others

Litigation alleging that plan sponsors breached their fiduciary duty keeps coming

By Emile Hallez
401(k) trading didn't hurt returns for participants in Q1: Report
RETIREMENT RETIREMENT PLANNING JUN 30, 2020
401(k) trading didn't hurt returns for participants in Q1: Report

Most people who shifted allocations in their retirement plans were more sophisticated investors, according to research published by NBER

By Emile Hallez