The Client: ERISA plans/institutional management

OneDigital Rolls Out Retirement Services for Small Businesses

September 24, 2021No Comments

The new offering combines investment management of retirement plans with financial wellness and coaching.

Multiemployer Pensions Set to Run Out of Money, Despite Rescue Deal

September 24, 2021No Comments

A rescue package from President Joe Biden’s administration doesn’t address the funds being unable to earn higher return rates, FundFire reports.

Passive Less Risky Than Active in 401(k)s: CFA Institute

August 26, 2021No Comments

A new guide by the CFA Institute urging the use of passive rather than active funds in 401(k) plans may end up getting used by plaintiffs’ attorneys, according to Ignites.

Juniper Networks Faces Lawsuit Over 401(k) Plan Fees

August 18, 2021No Comments

The technology firm allegedly failed in seeking lower-cost and better-performing investments and didn’t adequately disclose information about the plan.

Voya Mulling Acquisition of Benefits Administrator Alight

August 11, 2021No Comments

Las Vegas-based Alight went public through a special purpose acquisition company last month.

T. Rowe to Roll Out Hybrid Robo Aimed at Retirement Savers

July 28, 20211 Comment(s)Last Comment: July 28, 2021

Investors who want to tap financial planning services of the new hybrid offering must have a minimum of $250,000 in investable assets.

‘Reasonable Basis’ is Key to Best Interest Recommendation: Lawyers

July 26, 2021No Comments

“When the examiners are coming in, they're not looking vaguely at how you’ve implemented the rule,” according to one lawyer. “They have a checklist.”

​A Third of 401(k) Plan Sponsors Want to Switch Advisors: Fidelity

July 23, 2021No Comments

Plan sponsors are looking for lower fees, better communication and better investment options, according to a new study.

Empower to Buy Prudential’s Full-Service Retirement Biz

July 22, 2021No Comments

The deal is valued at $3.55 billion and will bring Empower Retirement more than 4,300 workplace savings plans representing $314 billion in assets.

New Rule Specifies Use of $86B Multiemployer Pension Bailout

July 13, 2021No Comments

The Pension Benefit Guaranty Corp. has put out an interim rule on how pensions must invest the bailout package passed in Congress in early March.