Defined Benefits

Though PEPs have been in existence for over 50 years, SECURE 2.0 provisions and the pricing power of pooled structures is prompting more organizations to seek them out instead of 403(b)s or 401(k)s.

The American Academy of Actuaries has developed a range of options that public policymakers, and plan sponsors, should consider to address obstacles that remain for spouses of participants in 401(k) plans, in the event of death or divorce, as well as for domestic partners.

During the first quarter, average account balances were lower, but the average contribution rate to 401(k) plans hit 14.3%, close to Fidelity’s suggested savings rate of 15%.

Tesla's Board Chair received a letter from the leaders of the American Federation of Teachers and 11 other pension funds, “demanding Mr. Musk’s full time attention on Tesla.”

Along with the FTC, the Department of Justice has filed a statement of interest in the lawsuit, accusing the asset management firms of suppressing coal production and driving up prices.

Wayne-Sanderson Farms, which works with over 2,000 family farms that produce nearly a billion chickens a year, now has access to Vestwell’s Group of Plans retirement solution—making it easier and more cost-effective for farmers to save for the future.