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The findings highlight a broader tension in the retirement industry between using participant data to enhance services and concerns that the same information may be leveraged for cross-selling or other non-plan purposes.

The message cited "Oracle's current business needs" and efforts to drive "broader organizational change" among the factors driving the decision.

Government economists predicted in 2010 that the plans would spend $1.6 trillion. The plans actually spent 11% less.

The House Energy & Commerce chair wants to revive the health provisions cut out of the One Big Beautiful Bill Act.

A fiduciary would have to show that the benefits from reducing plan participant liquidity justified the impact.

The plan says it could have received $1.4 million from its stop-loss carrier if the notice earlier had arrived earlier.