Defined Benefit Plans

Displaying 155 results

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Retirement plan aggregator Captrust shores up wealth management business

With $600 billion in assets under advisement, Captrust has appointed a head of wealth management to lead the growing $24 billion under management business.

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Three in four Americans say pension plans should be available to all

Defined-contribution plans like 401(k)s have all but replaced pension plans, although many plan providers and insurance companies are aiming to make the former more like the latter. The latest step has been to include guaranteed income options in 401(k)s, a development that will soon be tested in the market.

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Principal, MetLife assume a $1.2 billion pension obligation

Retirees in the pension plan of Philips North America will receive the same monthly benefit.

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Bond-based public program would save retirement, Ric Edelman says

The RISE accounts Edelman is proposing would be funded initially by $5,884, and people would be able to begin receiving retirement income checks starting at age 70.

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New York slaps AIG with $12 million penalty over pension risk transfers

Regulators say the insurance company’s American General Life subsidiary operated in the state without a license, undertaking four large-scale pension risk transfers and bidding on others.

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Retirement bill offers glimmer of hope

There’s a lot in the bill for pre-retirees, company sponsors and retirees, but the changes proposed for retirees jumped out at me

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DOL posts record financial recoveries for benefits plans

More than $3 billion was returned in fiscal 2020 through investigations, voluntary corrections and other programs, according to the agency

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Collapse of three-legged stool threatens retirement security

The worsening outlook will likely trigger 401(k), Social Security reform

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Why is ESG used most in retirement plans? It’s not performance

Institutional investors use environmental, social and governance factors to align with stakeholders, according to a report by Callan

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Private fund group lobbies to get products in 401(k)s

The Institute for Portfolio Alternatives says lawmakers are receptive to its diversification pitch

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Pru is one contender for MassMutual’s retirement business

There's considerable overlap in the types of defined-contribution plans the two companies serve, particularly in the Taft-Hartley, government and nonprofit areas

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DOL encourages use of private equity funds in retirement plans

Investor advocates warn high-risk, high-fee investments could harm savers

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Public pensions see worst quarter since credit crisis

State and local government pension plans lost about 13% during the first quarter

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New York State fines pension risk transfer insurer $45 million

The regulator says Athene Holding Ltd. sold insurance in the state without a license

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Market plunge chops pension funding by 9%

The sell-off in response to the pandemic has hit some industries' pensions plans, such as airlines', harder than others, two reports suggest

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Senate coronavirus package would allow hardship early access to retirement accounts

Financial industry also pushes for temporary waiver on required minimum distributions

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The SECURE Act’s unprecedented opportunities

As the legislation brings about big changes in the retirement plan market, will advisers benefit or will they be drowned?

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Trump budget could lead federal workers to put less money in Thrift Savings Plan

His proposed budget for 2021 lays out cuts to federal retirement benefits that would total $92 billion by 2030

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Russell’s wish list for DC plans

Improving 401(k)s is likely to make them look more like defined-benefit plans, according to Russell

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Goldman Sachs has what other 401(k) firms want

The firm's suite of wealth management services can cater to the full spectrum of 401(k) participants.