News

A federal court dismissed a 401(k) plan participant’s claims that plan fiduciaries inappropriately selected plan funds and allowed excessive fees.

 The Government Accountability Office (GAO) recommends the formation of an interagency task force to coordinate existing research, education and outreach efforts to foster small-employer retirement plan sponsorship.   

The latest S&P Target Date Scorecard indicates that further-dated target-date funds are continuing to generally have lower cross-sectional ranges of equity exposure than closer-dated funds, through not by...

Pilots and train operators are more likely to report sleep-related job performance and safety problems, according to a poll.  

 Benjamin B. Taylor joined Callan’s Fund Sponsor Consulting practice as vice president.  

The current economic climate has affected the way in which nearly half (49%) of Americans are approaching contributions to their individual retirement accounts (IRA).

Fifty-eight percent of investors say they have “little” to “no” control over their ability to build retirement savings. 

The percentage of U.S. workers who make annual individual retirement account (IRA) contributions has dropped to a record low of 15%, according to a recent survey commissioned by...

The lifecycle investment product market increased to $842 billion as of year-end 2011, reports Strategic Insight (SI), an Asset International company. 

Kraft Foods Global agreed to pay $9.5 million to settle a lawsuit over excessive fees for its 401(k) plan investments.

The Principal Financial Group chose Actiance’s platform, called Socialite, to help meet regulatory requirements that allow the firm’s financial professionals to use social media for business purposes.

In February, corporate pension plans experienced a $20 billion improvement in funding, according to Milliman's Pension Funding Index.  

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is hosting a voluntary fiduciary correction program (VFCP) advanced workshop.

Mercer announced key leadership appointments to the structure of its U.S. Region. 

Morningstar Inc. launched an alternative investments center as part of several enhancements to MorningstarAdvisor.com.

J.P. Morgan Asset Management hired Richard Gray as managing director and institutional client adviser.

The Internal Revenue Service (IRS) issued a private letter ruling concluding that defined benefit (DB) plan participants who stop working for their employer with the explicit expectation of...

The funding position of a defined benefit (DB) pension plan is often linked closely to the performance of the sponsoring company’s business, J.P. Morgan Asset Management noted in...

M&I Institutional Trust Services (M&I) introduced RightTrack, a suite of education and advice tools for 401(k) plan participants.  

John Hancock Financial Network’s (JHFN) adviser support team launched customized adviser 401(k) sales training.